Our company won the Innovation Award at the ‘JEC World 2017’, an international exhibition for composite materials held in Paris, France on March 15. The honor was extended to our company’s roof rack* product which was co-developed with Hyundai Motor Company.
Hosted by the JEC Group, a union of French corporations in the composite materials industry, ‘JEC World’ is the largest exhibition for composite materials in the world with more than 1,200 companies from related fields participating in the event every year. ‘JEC World’ also selects winners for its Innovation Award each year for companies with outstanding technology for new materials in automobiles, airplanes, and ships. Our roof rack product featuring Continuous Fiber Thermoplastic (CFT), a lightweight material our company developed independently, is not only approximately 30% lighter than other aluminum products but it also requires one-fifth in terms of the number of parts that go into its production, meaning it is effective in reducing production costs. Our company plans to mass produce roof racks using CFT next year and supply it to automobile makers in Korea.
