• Linkdin
Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
         Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

Hyosung begins operations of Indian spandex plant

25 Sep '19
1 min read
Pic: Hyosung
Pic: Hyosung

South Korean industrial conglomerate Hyosung’s spandex plant near Aurangabad Industrial City began commercial operation last week, the firm announced. The plant, covering 400,000 sq m, can annually produce 18,000 tonnes of spandex. Hyosung aims to raise its market share in India to 70 per cent from 60 per cent using the new plant, South Korean media reported.

Maharashtra chief minister Devendra Fadnavis in early 2018 signed a memorandum of understanding with Hyosung Corporation for allocating 100 acres of land to the latter to develop the first mega project on the Delhi-Mumbai Industrial Corridor (DMIC).

Hyosung group chairman Cho Hyun-Joon had then announced an investment of ₹3,000 crore in the Aurangabad Industrial City (AURIC) at the ‘Magnetic Maharashtra: Convergence 2018’ event in Mumbai.

Hyosung started operations in India in 2007 and generates more than $300 million in annual sales in the country. The company set up an ultra-high-voltage breaker production plant in Pune in 2016. (DS)

Fibre2Fashion News Desk – India

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search