Hyosung, promotes the ‘Jeonbuk Carbon Valley’ at the world's largest ‘carbon industry’ exhibition

Hyosung participates in the world's largest composite materials exhibition ‘JEC World 2016’ held in Paris, France from 8th (local time) to 10th and massively shows diverse products made by applying the carbon fiber brand ‘TANSOME®’ developed by Hyosung's independent technology. Hyosung also actively pursues construction of the Jeonbuk Carbon Valley by jointly participating in the exhibition with the outstanding carbon venture company CUBE.

JEC World is the industry's highest reputation exhibition which is necessarily participated by composite materials and carbon fiber companies from around the world as well as US and Europe. It is held every March in Paris, France and, in the last year, was participated by 1,200+ companies from about 100 countries and visited by about 40 thousand people.

For this exhibition, Hyosung has the strategy to exhibit TANSOME products to accelerate global marketing. Such TANSOME products as CNG high pressure vessels, electric wire core and arrows have high strength features. Hyosung plans to make aggressive promotions of TANSOME's features and quality targeting various industrial markets with high growth potential including the high pressure vessels. Along with this, Hyosung seeks to secure new customers by understanding the trend of the carbon fiber composite materials market and getting information of competitors to take preemptive actions for customer needs.

In particular, at this exhibition, Hyosung helps outstanding carbon venture companies develop market as can be seen from operating a joint booth with the drone company ‘CUBE’ which received attention by applying carbon fiber. This is a part of the program that establishes Jeonbuk as the carbon valley of relaying in the order of ‘carbon fiber material → parts → complete products’, and helps realizing creative economy together with CUBE which is developing products by using carbon fiber. CUBE showed its potential last year winning at the Competitive Exhibition of Start-up Ideas held by Hyosung and Jeonbuk, and Hyosung and the Jeonbuk Creative Economy Innovation Center supported the company for prototype making and commercialization so that the idea could be relayed to business. CUBE has the experience of participating in the ‘2015 China Composite Expo’ with Hyosung and plans to make a full scale invasion to the European market through this exhibition.

Mr. Cho Hyun-sang Head of the Industrial Materials PG (vice president) said, “Through successful production of goods by CUBE, it is possible to show the power of carbon cluster from Hyosung's carbon fiber materials to the complete products of outstanding carbon venture companies,” and “Hyosung will keep doing differentiation research for carbon fiber and processing technology, and actively support goods development, marketing and management activities of various outstanding carbon venture companies so that Korean carbon fiber industry will be able to lead the world market.”

On the other hand, Hyosung is cooperating with Jeollabukdo to build the ‘Carbon Cluster’ in which related companies, institutions and local administrative organizations can create synergy together, to make outcome of Creative Economy with Jeollabukdo at the center. Since November of last year when Hyosung opened the Carbon Specialized Business Incubation Center in Jeonju which would be the center for expanding the Carbon Cluster, Hyosung has been nurturing 10 outstanding carbon venture companies in priority. Hyosung plans to give such supports as providing management knowhow of large companies, commercialization of outstanding ideas and market development making use of Hyosung's global network, to the companies that moved in the incubation center.