24 January 2011
24 January 2011
Toray Advanced Materials Korea (TAK) will build a plant for mass production of carbon fibre in Republic of Korea, to be constructed at TAKs Gumi Plant No. 3 (Gumi-si Gyeongsangbuk-do) with an investment of approximately 63 billion won (5 billion yen).
The construction of the plant, which will have an annual production capacity of 2,200 tons, is expected to start in early 2011 and go into operation in January 2013. TAK will produce standard modulus carbon fibre with high-strength, which has become the de-facto standard in industrial and sporting goods applications.
In January 2010, TAK established in advance a dedicated sales and marketing organization for carbon fibre, as part of its efforts to develop and tap into the growing demand for the carbon fibre in Republic of Korea. Through the construction of the mass production plant, Toray aims to accelerate to develop and cultivate the market of Republic of Korea for carbon fibre composite materials in wide-ranging applications from sporting goods to industrial applications.
The Republic of Korea until now has relied on imports for almost all of its carbon fibre demand. The construction of the new plant at TAK would enable the domestic production and a stable supply of carbon fibre in Republic of Korea. With this move, Toray aims to reliably respond to the rapidly growing carbon fibre demand in Asia led by Republic of Korea and China.
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