# Hyosung Advanced Materials expands carbon fiber plant in Jeonju, South Korea

Hyosung Advanced Materials announced a 75.8 billion won investment to expand carbon fiber production lines at its Jeonju plant, increasing annual capacity to 6,500 tons by July 2022.

- Type: Expansion
- Announced: 2021-05-03
- Where: Jeonju, North Jeolla Province, South Korea
- Value: $68.0M (75.8B KRW)
- Starts operating: Jul 2022
- Status: announced
- Capacity: 6,500 tons per year
- Products: carbon fiber (TANSOME®)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Hyosung Advanced Materials](https://endata.com/companies/7810.md)

## Sources

- [hyosung.com](https://www.hyosung.com/en/newsroom/view/13293), 2021-05-03: "The addition of production facilities is aimed at responding to the increasing demand for carbon fibers used in fuel tanks of hydrogen cars."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.