Toray (South Korea) plans to acquire SK Chemical's Ulsan and Qingdao factories to enter the carbon fiber prepreg market

On October 5, Toray Advanced Materials (South Korea) announced that it would spend 30 billion won (about 164 million yuan) to acquire SK Chemical's prepreg factories in Ulsan, South Korea and Qingdao, China, and obtained 16 million square meters of carbon fiber prepreg capacity
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In this way, the company's carbon fiber business has been extended to the midstream of the industry chain and overseas markets, further expanding the company's global influence
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Toray Advanced Materials (South Korea) stated that the move is in response to market demand in fields such as wind power, hydrogen energy vehicles, electric vehicles, and urban air mobility
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Since then, on the premise of meeting the domestic demand in Korea, the company will gradually expand the export of carbon fiber and prepreg produced from Gumi and Ulsan, and actively develop the carbon fiber prepreg market in China with Qingdao as the center
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At the same time, relying on the R&D strength of the company's Advanced Composites Technology Center, Toray Advanced Materials (Korea) will continue to develop lightweight solutions to provide customers with high-quality technical services
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In the future, Toray Advanced Materials (Korea) will continue to expand its business areas in the upstream and downstream of the carbon fiber industry chain, focusing on the development of end-use applications in the fields of automobiles, environment, energy, aviation, and sports
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