# Toray Group to invest 500 billion won in Gumi complex for carbon fiber and aramid expansion

Toray Group and Toray Advanced Materials Korea signed an MOU to invest 500 billion won in the Gumi National Industrial Complex by 2025, expanding carbon fiber and aramid fiber production capacity. The carbon fiber unit 3 expansion will add 3,300 tons/year capacity, targeting operation in H2 2025.

- Type: Investment
- Announced: 2024-05-22
- Where: Gumi, South Korea, South Korea
- Value: $375.0M (500.0B KRW)
- Starts operating: Q3 2025
- Status: announced
- Capacity: 3,300 tons/year carbon fiber (expansion); 3,000 tons/year aramid fiber (new line)
- Products: carbon fiber, aramid fiber
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Toray Advanced Materials Korea](https://endata.com/companies/24789.md)
- [Toray](https://endata.com/companies/29633.md)

## Sources

- [torayamk.com](https://www.torayamk.com/en/pr/news_view.asp?id=10331), 2024-05-23: "Toray Group, the global high-tech materials company, plans to invest 500 billion won in the Gumi National Industrial Complex by 2025 to expand its business for sustainable growth."

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