Gyeongbuk Yeongju-si and Ace CNTec Sign MOU for 4.12 Billion KRW Investment
New and Expanded Chopt Carbon Fiber Manufacturing Plant, Creating New Jobs
Yeongju City signed a memorandum of understanding for investment on the 18th with Ace CNTec to establish and expand a chopped carbon fiber manufacturing plant.
View original image[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] Yeongju City, Gyeongbuk, signed a memorandum of understanding for investment to establish and expand a chopped carbon fiber manufacturing plant with ACE CNTec on the 18th.
A total of 4.12 billion KRW will be invested in the construction of the manufacturing plant, and 25 new jobs are expected to be created.
ACE CNTec is a materials and components company that processes carbon fiber to produce chopped carbon fiber "ACECA," a precision-cut carbon fiber.
As a leading local export company, it has received the $3 million Export Tower Award on the 55th Trade Day and the Gyeongsangbuk-do New Growth Enterprise Commendation in 2018.
The representative product "ACECA" is chopped carbon fiber that has undergone special surface treatment on carbon fiber and is precisely cut into lengths such as 6mm and 12mm.
It is mainly used for various containers and parts required for semiconductor production, lightweighting of automobiles and mobile devices, and electromagnetic wave shielding components.
Recently, with the expansion of hydrogen vehicles, electric vehicles, and Urban Air Mobility (UAM) related businesses, demand is expected to increase.
CEO Jang Deokheum said, "With the support of Yeongju City, we have grown into a materials and components company," and added, "We plan additional investments to establish ourselves as a global leading carbon fiber materials and components company by achieving an export target of $10 million."
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Mayor Jang Wookhyun said, "We will spare no administrative support so that ACE CNTec, which has global recognition, can grow and develop together with the local community."
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