# PI Advanced Materials to invest KRW 143 billion in PI film plant expansion in Gumi

PI Advanced Materials signed an MOU with Gyeongsangbuk-do and Gumi City to invest KRW 143 billion by 2023 to expand its polyimide film plant in Gumi, South Korea, adding two lines with 600 tonnes/year capacity for EV and battery films.

- Type: Expansion
- Announced: 2021-09-13
- Where: Gumi, South Korea, South Korea
- Value: $121.0M (143.0B KRW)
- Starts operating: 2023
- Status: announced
- Capacity: 600 tonnes/year (two lines)
- Products: polyimide film
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [PI Advanced Materials](https://endata.com/companies/57676.md)

## Sources

- [yna.co.kr](https://www.yna.co.kr/view/AKR20210913122800053), 2021-09-13: "PI첨단소재는 PI필름 수요 증가에 대비해 2023년까지 PI첨단소재 구미공장에 1천430억원을 투자, 연 600t 규모 전기차·2차전지 전용 PI필름 생산설비 2개 라인을 증설할 계획이다."

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