MOU between the Ministry of Trade, Industry and Energy and Emerging Growth Fields
Expansion of Carbon Fiber and Aramid Facilities,
Dorey Group is holding a signing ceremony for investment agreements at the Gumi National Industrial Complex on the 22nd and taking commemorative photos. From the fifth person on the left, Minister of Trade, Industry, and Energy Ahn Duk-geun, Torey CEO Mitsuo Oya, Torey Advanced Materials Chairman Lee Young-kwan, Kim Young-suk Torey Advanced Materials President. Photo provided by Torey Advanced Materials,
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, ‘Japan’s Dorey, the world’s leading company in the carbon fiber sector, will invest 500 billion won in the Gumi National Industrial Complex to strengthen high value-added materials such as carbon fiber and aramid. Since entering Korea in 1963, Dorey has invested a total of 5 trillion won contributing to the development of Korea’s advanced industries.’,
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, ‘Dorey and its Korean subsidiary, Dorey Advanced Materials, signed a memorandum of understanding (MOU) with the Ministry of Trade, Industry and Energy, Gyeongsangbuk-do, and Gumi City on investment in emerging growth areas such as high-performance carbon fiber and aramid fibers, and eco-friendly materials.’,
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, ‘Under this MOU, Dorey Advanced Materials plans to invest 500 billion won by 2025 to expand the production facilities for carbon fiber and aramid.’,
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, ‘In the carbon fiber sector, Dorey has been expanding its 3rd plant at the Gumi 4th factory by 3,300 tons since last year. Once it starts operation in the second half of 2025, it will secure a production capacity of 8,000 tons per year.’,
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, ‘For aramid, it plans to expand the 2nd unit at the Gumi 1st factory by 3,000 tons. Aramid fiber is a super fiber that is 5 times stronger than steel and can withstand temperatures of up to 500 degrees, used in various industries such as electric vehicle drive motors, heat-resistant protective clothing, and ultra-high voltage transformers. Once this expansion is completed, the production capacity is expected to increase to around 5,000 tons, enhancing cost and quality competitiveness.’,
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, ‘Dorey Advanced Materials also plans to expand its eco-friendly materials business by investing in fast-growing advanced industries such as semiconductors, batteries, and next-generation mobility. Kim Young-suk, President of Dorey Advanced Materials, stated, “In response to the rapidly changing materials industry, we will continue to expand our advanced materials business focusing on eco-friendliness and high functionality, and create new added value.”‘,
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