Hyosung Chairman Cho Hyun-Joon signed a memorandum of understanding with Amin H. Nasser, president and CEO of Saudi Aramco, a global petrochemical company of Saudi Arabia, at Conrad Seoul in Yeouido, Seoul, on June 25 to consider building a carbon fiber plant.
Under the MOU, Hyosung (KRX:004800) and Saudi Aramco will positively consider a plan to build carbon fiber plants in Saudi Arabia and South Korea through cooperation in the development and application of carbon fiber production technolo...