KT&G announced that it will cooperate with Kolon Industries to jointly develop cigarette filters using environmental-friendly lyocell fibers

KT&G announced that it will cooperate with Kolon Industries to jointly develop cigarette filters using environmental-friendly lyocell fibers. The signing ceremony between the two parties was held on February 20 at KT&G's Seoul headquarters.

The two companies plan to establish a promotion committee to manage business progress and make major decisions that will accelerate the development of cigarette filters using environmental-friendly materials in the future.

Kim Jin-han, head of strategic planning at KT&G, said the company will continue to fulfill its environmental responsibilities and promote ESG management in accordance with global standards. Yoon Kwang-bok, managing director of Kolon Industries, said that they hope to strengthen exchanges and cooperation between the two sides by jointly developing an environmental-friendly material (lyocell) based on natural raw material pulp.