Hyosung Chairman Hyun-Joon Cho to Invest KRW 1 Trillion in Carbon Fibers

Hyosung Chairman Hyun-Joon Cho to Invest KRW 1 Trillion in Carbon Fibers

Hyosung Chairman Hyun-Joon Cho to Invest KRW 1 Trillion in Carbon Fibers

Hyosung (KRX:004800) seeks to be among global top three producers of carbon fibers through heavy investment. Hyosung will invest a total of KRW 1 trillion in its carbon fibers business by 2028 to expand its production capacity from the current 2,000 metric tons a year (one line) to 24,000 metric tons (10 lines). That will be the world’s single-largest factory. Works for the first round of installation extension are underway. In January 2020 when the first round will be done, a carbon fiber ...