# Toray Advanced Materials acquires SK Chemicals' prepreg business for ~30 billion KRW

Toray Advanced Materials completed the acquisition of SK Chemicals' prepreg business in Ulsan and Qingdao for about 30 billion KRW, adding 16 million square meters of annual prepreg production capacity.

- Type: Acquisition
- Announced: 2021-10-05
- Where: Ulsan and Qingdao, South Korea
- Value: $25.0M (30.0B KRW)
- Status: completed
- Capacity: 16 million square meters per year
- Products: carbon fiber prepreg
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [SK Chemicals](https://endata.com/companies/11373.md) (target)
- [Toray Advanced Materials](https://endata.com/companies/58160.md) (acquirer)

## Sources

- [fnnews.com](https://www.fnnews.com/news/202110051346111540), 2021-10-05: "도레이첨단소재는 최근 SK케미칼의 울산과 중국 칭다오의 프리프레그 사업을 300여억원에 인수를 완료했다고 5일 밝혔다."

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