Kolon Industries Inc., the chemical and fashion unit of Kolon Group, said that it will invest 88.2 billion won ($79.7 million) to build a colorless polyimide (CPI) production line with an aim to complete the construction by the first quarter of 2018.

The company is the first in the world to build such a factory aiming to mass produce CPI film to take the lead the promising market, it claimed. The investment accounts for 4.49 percent of the company’s equity capital on a consolidated basis as of late last year.

CPI is a transparent film like glass, but it can withstand extremely high temperatures and boasts of high flexibility, allowing it to be folded or rolled like paper without damages to its form. It is expected to replace glass for display substrates, including screens for next-generation, foldable smartphones.


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