▶주메뉴 바로가기

▶본문 바로가기

THE INVESTOR
September 18, 2019
Big Reunion

Industrials

Hyosung, Aramco to mull carbon fiber factory

  • PUBLISHED :June 27, 2019 - 14:16
  • UPDATED :June 27, 2019 - 14:18
  • 폰트작게
  • 폰트크게
  • facebook
  • twitter
  • sms
  • print

South Korean textile and chemical giant Hyosung Group and Saudi Arabian oil company Saudi Aramco signed a memorandum of understanding that includes potential partnership to build a carbon fiber factory, the Korean company said June 27.

Hyosung Chairman Cho Hyun-joon met with Saudi Aramco CEO Amin H. Nasser in Seoul to sign the memorandum on joining forces in development and production technologies for carbon fiber, a high-tech material widely used across industries, and a potential factory either in South Korea or Saudi Arabia. 


Hyosung Chairman Cho Hyun-joon and Saudi Aramco CEO Amin H. Nasser sign a memorandum of understanding to collaborate on carbon fiber development on June 25. (Hyosung)


Related:
Hyosung continues global expansion at Intertextile Shanghai 2018
Hyosung chairman confirms solid ties with China’s Zhejiang province


Hyosung and Armco will also strengthen ties in various areas, including chemicals -- such as Polyketone, an advanced new material developed by Hyosung -- electric supply and the service sector.

Hyosung has operated a carbon fiber facility with production capability of 2,000 tons a year in Jeonju, North Jeolla Province, since 2013. It is adding another 2,000-tons-a-year factory to the Jeonju field.

The strongest carbon fibers are 10 times stronger than steel and eight times that of aluminum but weigh only one-fourth. The material is also the core of hydrogen fuel tanks.

The new memorandum represents ongoing partnership between the two, said the company. In March, Hyosung and Aramco signed a memorandum to cooperate in the chemical, new material and hydro businesses.

“I hope by joining forces, with Aramco’s management know-how and Hyosung’s unique technology, new future business, such as carbon fiber, could leap forward,” Cho said.

By Park Ga-young (gypark@heraldcorp.com)

  • facebook
  • twitter
  • sms
  • print

EDITOR'S PICKS