Abstract
On July 13, 2023, Toray Industries, Inc. announced plans to increase regular tow carbon fiber production capacity at two facilities. Capital investments will add lines to the Spartanburg plant in South Carolina, USA of Toray Composite Materials America, Inc. and the Gumi plant in Gyeongsangbuk-do, Korea of Toray Advanced Materials Korea Inc. These investments will increase the Toray Group's annual capacity by over 20% to 35,000 metric tons beginning in 2025.
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