Carbon fiber is used to make various products like high-pressure vessels for hydrogen, aircraft parts, racing car bodies, and golf club shafts. The new facility, which is TAK’s third unit for carbon fiber production, will increase the annual manufacturing capacity in Korea by 3,300 tons to 8,000 tons.

TAK produces special materials like films for industrial applications, carbon fibers, water treatment filters, and resin chemicals. It began operating the first unit of carbon fiber production in 2013. Established in 1972, TAK has invested more than $1 billion in manufacturing materials like engineering plastics, wallpapers, and car dash pads.

"TAK will create values with world-class technologies and qualities, while closely cooperating with partners and contributing to local economic revitalization", said CEO Jeon.