Toray enters Korean market with new carbon fibre plant

Toray Industries and Toray Advanced Materials Korea (TAK) have released plans to build a plant for the mass production of carbon fibre in the Republic of Korea.

The new plant will introduce Toray’s most-advanced technology and will be constructed at TAK’s Gumi Plant No.3 (Gumi-si Gyeongsangbuk-do) with an investment of approximately 63 billion won (US$60.4m). The construction of the plant, which will have an annual production capacity of 2,200 tons, is expected to start early this year and to go into operation in January 2013.

TAK will produce standard modulus carbon fibre with high-strength for applications such as the industrial market and sporting goods.
In January 2010, TAK established a dedicated sales and marketing organisation for carbon fibre, to develop and respond to the growing demand for the carbon fibre in the Republic of Korea. The Republic of Korea has relied on imports for almost all of its carbon fibre requirements until now.

The company is also focused on the growth of its ‘green innovation’ business through products such as its Torayca carbon fibre composite material.

Toray said it is promoting a global operation, built around the Japan-France-US production framework, as well as the new Republic of Korea facility to take advantage of the growing market and further expand its carbon fibre composite materials business.


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