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Envioneer and Toray Advanced Materials Korea signed a strategic partnership on June 14, 2022 to produce aramid paper for EV insulators. Toray will exclusively supply meta-aramids to Envioneer until 2035, and Envioneer will start mass production in 2025.
Envioneer will invest KRW 30 billion to expand its Jecheon factory and conduct R&D by 2024, and build a new factory for carbon fiber composite materials in Jecheon's 3rd industrial complex by 2026.
| Site | Largest | Latest |
|---|---|---|
| Jecheon, South Korea | $27.0M | 2021-06-30 |