Toray Group to invest $365M to expand Gumi plant complex in South Korea

Toray Industries Inc. will invest 500 billion won ($365 million) to expand facilities at the Gumi National Industrial Complex by next year. The investment covers high-performance carbon fiber, aramid fiber, and eco-friendly materials. Toray Advanced Materials Korea will increase annual capacity at Gumi Plant 4 from 3,300 tons to 8,000 tons, and at Gumi Plant 1 for aramid fiber from 3,000 tons to 5,000 tons.

“Toray Industries Inc. will invest 500 billion won ($365 million) to expand facilities at the Gumi National Industrial Complex by next year.”investkorea.org

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• investkorea.orgToray Group to invest $365mn to expand Gumi plant complexView Details | Investment News | InvestKOREA(ENG)May 24, 2024

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