Asia
Taekwang Industrial Approves KRW150 Billion Modacrylic Production Line Expansion
Taekwang Industrial (KRX:003240) has approved a 150 billion won investment to expand its modacrylic fiber production line, aiming to secure medium-to-long-term growth drivers and diversify its textile business applications.The expansion will increase annual production capacity from 12,000 tons to 26,000 tons, with the new 14,000-ton line expected to be completed by May 2028, according to a bourse filing on Thursday.The investment represents 3.78% of the company's equity capital of 3.96 trillion won, based on its consolidated audit report for December 2025.The project timeline and budget may be subject to change depending on construction progress and market conditions.
KRX:003240
