# 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.

- Type: Expansion
- Announced: 2021-08-25
- Where: Gumi, South Korea, South Korea
- Value: $202.9M
- Starts operating: 2023
- Status: announced
- Capacity: 15,000 tons per year
- Products: aramid fiber
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Kolon Industries](https://endata.com/companies/25976.md)

## Sources

- [ajupress.com](https://www.ajupress.com/view/20210825103846859), 2021-08-25: "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"

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