# 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.

- Type: Expansion
- Announced: 2024-05-24
- Where: Gumi National Industrial Complex, Gumi, South Korea
- Value: $365.0M
- Starts operating: 2025
- Status: announced
- Capacity: carbon fiber: 3,300 to 8,000 tons/year; aramid fiber: 3,000 to 5,000 tons/year
- Products: high-performance carbon fiber, aramid fiber, eco-friendly materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Toray Industries](https://endata.com/companies/4565.md)
- [Toray Advanced Materials Korea](https://endata.com/companies/24789.md) (partner)

## Sources

- [investkorea.org](https://www.investkorea.org/ik-en/bbs/i-465/detail.do?ntt_sn=492559), 2024-05-24: "Toray Industries Inc. will invest 500 billion won ($365 million) to expand facilities at the Gumi National Industrial Complex by next year."

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