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Hyosung’s supply of its high-performance carbon fiber Tansome for the car body construction of Hyundai Motor Company’s future concept car Intrado
This is the first time to apply carbon fiber developed by a Korean company to a car. Hyosung, a global chemical fiber and industrial materials company, has developed and produced carbon fiber for the car frame, hood, and side panels of Hyundai Motor Company’s concept car Intrado.Carbon fiber is 75% lighter than steel, but at least 10 times stronger. Accordingly, the car frame of Intrado in which carbon fiber was used, is 60% lighter than the body of a conventional car made with steel plates increasing fuel efficiency.Hyosung’s new carbon fiber product is eco-friendly. It reduces the weight of the car, cutting down fuel usage and lowers carbon monoxide emissions, which is the main cause of air pollution. The eco-friendly aspect of the product is expected to strengthen Hyosung’s competitiveness in overseas markets such as Europe where environmental regulations are becoming stricter.Hyosung was the first company in Korea to succeed in developing high-performance carbon fiber with its own technology. The company built a production plant with an annual capacity of 2,000 tons in Jeonju, Jeollabuk-do, South Korea beginning its commercial production in May 2013. It has started its global marketing activities upon the launch of Hyosung’s carbon fiber brand - Tansome.Upon its high-level of technology demonstrated through the short R&D time required to develop high-strength and high-performance carbon fiber, Hyosung is now transforming itself into a top-class carbon fiber manufacturer through active sales promotion activities in the Asian sports and leisure goods market as well as targeting the advanced carbon fiber composite materials markets in the U.S. and Europe, which have high entry barriers for new entrants.Carbon fiber, a new and advanced material expected to replace steel in the future, is used in various fields: industrial applications including automotive, wind power generator wings, civil engineering, construction, and pressure vessels; aerospace applications including aircrafts such as Boeing 787 and Airbus 380; sports and leisure equipment applications including golf clubs, fishing rods, rackets, and bicycle frames. The annual market size is currently 50,000 tons (US$ 2 bil.) with a high annual growth of 11% reaching a market size of US$ 5 bil. by 2020.More information:www.hyosung.com