# Hyosung Advanced Materials to expand carbon fiber production line in Jeonju

Hyosung Advanced Materials signed an agreement with Jeollabuk-do and the Korea Carbon Industry Promotion Agency to expand carbon fiber production lines at its Jeonju plant. The expansion is part of a previously announced plan to invest KRW 1 trillion by 2028 to increase capacity to 24,000 tons per year.

- Type: Expansion
- Announced: 2021-11-16
- Where: Jeonju, Jeollabuk-do, South Korea
- Status: announced
- Capacity: 24,000 tons per year (target)
- Products: carbon fiber
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

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

## Sources

- [blog.hyosung.com](https://blog.hyosung.com/5375), 2021-11-16: "효성첨단소재는 전주공장에 탄소섬유 생산시설을 증설하는 프로젝트를 성실히 이행하고"

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