# Toray Advanced Materials breaks ground on $100M+ IT film and aramid fiber plant in Gumi

Toray Advanced Materials held a groundbreaking ceremony for an IT film and aramid fiber production plant in Gumi, South Korea, with an investment of over $100 million. The plant will produce 300 million m²/year of MLCC release film and expand aramid fiber capacity by 3,000 tons/year.

- Type: Expansion
- Announced: 2024-10-23
- Where: Gumi, Gyeongsangbuk-do, South Korea
- Value: $100.0M
- Status: under construction
- Capacity: 300 million m²/year MLCC release film; 3,000 tons/year aramid fiber
- Products: MLCC release film, aramid fiber
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Toray Advanced Materials](https://endata.com/companies/58160.md)
- [Toray](https://endata.com/companies/29633.md) (partner)

## Sources

- [mk.co.kr](https://www.mk.co.kr/en/business/11148518), 2024-10-23: "Toray Advanced Materials will invest more than $100 million to expand its aramid fiber and polyester film production facilities."

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