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Chairman Hyun-Joon Cho Steps Up Efforts to Expand Hyosung's Presence in the Global Market Sep.09, 2019

- Participated in the ‘China Composites Expo 2019’

Hyosung is actively promoting its carbon fiber in the global market following Korea.
Hyosung announced its carbon fiber brand “TANSOME®” at the “China Composites Expo 2019” held in Shanghai, China from September 3 to 5.
At this exhibition, Hyosung introduced products made of TANSOME®, such as wire core materials and high-pressure vessels for hydrogen cars, promoting its technology and quality as well as raising awareness of the TANSOME® brand in Asia. At the same time, the company attracted customers’ attention by presenting a trend in the carbon fiber composite material market and meeting customers to seek business opportunities.
Chairman Hyun-Joon Cho said, “We will play a pivotal role in building a ‘material powerhouse Korea’ by growing carbon fiber further as the material has infinite possibilities in the upstream industries and the hydrogen economy has opened a new chapter in the carbon fiber market.”
The China Composites Expo is Asia’s largest international composite materials industry fair held in Shanghai every year with the active participation of the world's leading carbon fiber manufacturers and major composites and equipment makers.
Carbon fiber weighs one-fourth the weight of steel but is 10 times stronger, and Hyosung became the first Korean company to develop carbon fiber with its own technology in 2011. The company established a carbon fiber plant with the annual production capacity of 2,000 tons in Jeonju, North Jeolla Province in 2013 and plans to expand its annual production capacity to 24,000 tons by 2028 with a total investment of KRW 1 trillion in the carbon fiber industry.

*About Hyosung
Hyosung is a South Korean industrial conglomerate, founded in 1966. It operates in various fields including heavy Industrial machinery, advanced materials, chemical industry, and textiles. Its CEO is Hyun-Joon Cho and the headquarter is in Mapo-gu, Seoul. Hyosung has a global network of about 90 sites in the U.S., China, Europe and other parts of the world, with about 30,000 employees. Tire reinforcements, spandex, and seatbelt yarns are No.1 in global market share.

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