Hyosung to build world's largest carbon fiber production base

Recently, Hyosung Group, one of the seven major comprehensive trading companies in South Korea, held a signing ceremony for a new carbon fiber investment, announcing that it plans to invest 1 trillion won (about 8 billion yuan) by 2028 to build the world's largest carbon fiber production ba.

Hyosung Group Chairman Zhao Xianjun announced the Hyosung Group's 9-year plan for the next 9 years: 9 new carbon fiber production lines will be built at the plant in Jeonju, North Jeolla Province, and the current production capacity of the current 2,000-ton (1 production line) plant will be expanded by 202 12 times, reaching an annual output of 24,000 tons (10 production lines), which will create about 2,300 jo.

Hyosung started its own research and development of carbon fiber in the early 2000s, and has invested a total of about 320 billion won so f.

Carbon fiber is light in texture, 4 times lighter than iron, but more than 10 times stronger than ir.

As of the end of 2018, with the global carbon fiber demand of 93,000 tons, the global carbon fiber production capacity was 135,000 to.

In 2018, the actual output of domestic carbon fiber was 9,000 tons, but the production capacity was as high as 26,000 tons, and the capacity utilization rate was only 3

The total size of the global carbon fiber market is 6 billion US dollars (about 18 billion yuan), but from carbon fiber to carbon fiber products provides a huge value-added space, the top five leading manufacturers in the carbon fiber field Toray, Hexcel, SGL, Mitsubishi, Teijin has carried out a vertical layout from carbon fiber to carbon fiber produc.

In 2018, in terms of carbon fiber revenue, Toray was $2 billion, Hexcel was $8 billion, and SGL was $500 milli.