To satisfy the increasing demand for carbon fiber that is forecasted to grow by 10%-15% per year, Hyosung will be increasing annual production capacity of carbon fiber for High Strength and Intermediate Modulus fibers by an additional 2,000 MT at the start of 2013. Hyosung plans to grow and become a Leading manufacturer in carbon fiber production by 2020, with annual capacity increasing to 4,000MT. During this time Hyosung research and development will build upon their existing fiber technology in order to bring new carbon fiber products to meet the needs of their customers.