Carbon Fiber Business Division Completes Construction of Jeonju Plant for New Dream Material Carbon Fiber

On May 15, the Carbon Fiber Business Division held the completion ceremony of the Carbon Fiber Jeonju Plant in the eco-friendly industrial complex (Phase 3-1) in Palbok-dong, Jeonju. About 500 people participated to grace the occasion, including Vice-Chairman Lee Sang-woon; Cho Hyun-sang, Head of Industrial Materials PG; Han Gwang-seok, Head of Carbon Fiber Business Division; and Bang Yun-hyeok, Jeonju Plant Manager from our company. There were also participants from the government agencies, including Yoon Sang-jik, Minister of Trade, Industry and Energy; Kim Wan-ju, governor of Jeollabuk-do; Song Ha-jin, mayor of Jeonju; and Kim Seong-joo, member of the National Aassembly. In 2007, our company established the pilot carbonization process of carbon fiber with the annual capacity of 150 tons with the city of Jeonju. In April of the following year, we launched a joint research and developed Korea’s first high-performance carbon fiber mass production technology in March 2011. In June of the same year, we made an investment agreement to establish a carbon fiber manufacturing plant. Our company will expand the carbon fiber production capacity to 14,000 tons by investing KRW 1.2 trillion in the carbon fiber field by 2020 and create 1,000 jobs.
“We will try our best with all our might to produce diversified and good-quality products to contribute to regional and national development,” said Cho Hyun-sang, Head of Industrial Materials PG, in this completion ceremony. He expressed gratitude toward many people who did not spare their interest and support on completing the construction, as well as the participants of the ceremony.