# Hyosung Advanced Materials wins six-year carbon fiber supply deal with Hanwha Solutions

Hyosung Advanced Materials secured a six-year contract worth 157.2 billion won ($139 million) from Hanwha Solutions to supply high-strength carbon fiber for hydrogen fuel tanks.

- Type: Contract
- Announced: 2022-05-29
- Where: South Korea
- Value: $139.0M (157.2B KRW)
- Status: announced
- Products: high-strength carbon fiber
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Hyosung Advanced Materials](https://endata.com/companies/7810.md) (supplier)
- [Hanwha Solutions](https://endata.com/companies/7811.md) (customer)

## Sources

- [hydrogentechnologyge.blogspot.com](http://hydrogentechnologyge.blogspot.com/2022/05/hyosung-wins-six-year-deal-to-supply.html), 2022-05-29: "Hyosung Advanced Materials has secured a six-year contract worth 157.2 billion won ($139 million) from Hanwha Solutions to supply high-strength carbon fiber used to reinforce hydrogen fuel tanks."

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