# Hyosung Advanced Materials to establish carbon fiber subsidiary in Vietnam

Hyosung Advanced Materials will establish a new subsidiary, Hyosung Vina Core Materials, in Ba Ria-Vung Tau, Vietnam, to produce carbon fiber, with an investment of 53.3 billion KRW. Completion is expected in the first half of 2025.

- Type: New facility
- Announced: 2023-09-11
- Where: Ba Ria-Vung Tau Province, Vietnam
- Value: $40.0M (53.3B KRW)
- Starts operating: Q1 2025
- Status: announced
- Products: carbon fiber
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

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

## Sources

- [mk.co.kr](https://www.mk.co.kr/news/business/10827028), 2023-09-11: "효성첨단소재는 베트남 남부 바리아붕따우성에 탄소섬유 생산을 위한 법인인 ‘효성 비나 코어 머티리얼즈’를 신규 설립하기로 했다고 11일 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.