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[Alpha Biz=(Chicago) Reporter Paul Lee] While the local chemical-related industrial group has recently been in a slump due to rising raw material costs and sluggish exports, material company Hyosung is set to overcome the crisis with "carbon fiber" and "hydrogen."
According to the industry on the 5th, Hyosung Advanced Materials is planning to deliver the ultra-high-strength carbon fiber 'T1000' product developed at the end of last year.
Hyosung Advanced Materials is the only Korean company that develops and supplies carbon fiber except for Korea Toray Advanced Materials, a Japanese subsidiary. We succeeded in localizing carbon fiber, which relied on imports. Carbon fiber is a fiber made by heating and carbonizing existing organic fiber in an inert gas.
Hyosung, which succeeded in mass-producing the world's fourth carbon fiber after Japan, Germany and the United States in 2013, has been steadily upgrading the product.
Hyosung Advanced Materials has also set up a long-term plan to increase its carbon fiber production to 24,000 tons per year by investing a total of 1 trillion won in research and development by 2028.
Hyosung has mainly supplied T700 carbon fiber to bicycles, car frames, golf clubs and fishing rods, but at the end of last year, it succeeded in developing a much stronger T1000 carbon fiber.
Hyosung has reportedly set up an internal plan to complete the delivery within this year and set out to push ahead with it in detail.
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
