# Hyosung Advanced Materials expands carbon fiber plant in Jeonju

Hyosung Advanced Materials is investing KRW 46.9 billion to expand carbon fiber production lines at its Jeonju plant in South Korea. The expansion will add 2,500 tons per year, bringing total capacity to 9,000 tons per year by April 2023.

- Type: Expansion
- Announced: 2022-03-02
- Where: Jeonju, North Jeolla, South Korea
- Value: $39.0M (46.9B KRW)
- Starts operating: Apr 2023
- Status: announced
- Capacity: 9,000 tons per year
- Products: carbon fiber
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

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

## Sources

- [etoday.co.kr](https://www.etoday.co.kr/news/view/2110526), 2022-03-02: "효성첨단소재는 전북 전주공장에 469억 원을 투자해 탄소섬유 생산라인을 증설한다고 2일 밝혔다."
- [fnnews.com](https://www.fnnews.com/news/202203021722201302), 2022-03-02: "효성첨단소재가 전북 전주공장에 469억원을 투자해 탄소섬유 생산라인을 증설한다고 2일 공시했다."
- [imsn.kr](https://www.imsn.kr/news/articleView.html?idxno=7490), 2022-03-02: "이번 증설은 수소차의 연료탱크와 압축천연가스(CNG) 고압용기, 태양광용 단열재 등 친환경 제품의 수요 증가에 대비하기 위한 목적 (This expansion is to prepare for increased demand for eco-friendly products such as hydrogen vehicle fuel tanks, CNG high-pressure containers, and solar insulation)."
- [investkorea.org](https://www.investkorea.org/ik-en/bbs/i-465/detail.do?ntt_sn=491651), 2022-03-04: "Hyosung Advanced Materials Corp. is expanding its carbon fiber production by adding a third line to meet the growing demand for the material used to make hydrogen tank cylinders."

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