Kolon Industries to invest $202 million to double aramid fiber capacity

Kolon Industries will invest 236.9 billion won ($202.9 million) to double aramid fiber production capacity at its Gumi factory from 7,500 tons per year to 15,000 tons per year by 2023.

“Kolon Industries said in a statement on August 25 that the company has signed a memorandum of understanding with Gumi City and the Gyeongbuk Provincial Government to upgrade the textile company's production line of an aramid fiber factory in the industrial city some 200 kilometers southeast of Seoul”ajupress.com

• 1 source
• ajupress.comKolon Industries earmarks $202 mln to beef up aramid fiber production capability | Aju PressKim Joo-heonAug 25, 2021

Summarized from public sources; check the original articles before acting on it.