# Hyosung Advanced Materials to expand carbon fiber line at Jeonju plant

Hyosung Advanced Materials will invest 52.8 billion KRW to add a carbon fiber production line at its Jeonju plant in South Korea, with completion expected by the end of July 2024.

- Type: Expansion
- Announced: 2023-09-11
- Where: Jeonju, North Jeolla Province, South Korea
- Value: $40.0M (52.8B KRW)
- Starts operating: 31 Jul 2024
- 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 또 전북 전주공장에 528억 원을 투자해 내년 7월 말까지 탄소섬유 생산라인을 추가 증설한다."

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