Home / Knowledge / News / Textiles / Hyosung to sell its brand creora in the Indian market
Hyosung to sell its brand creora in the Indian market
25
Jun '08
Hyosung Corporation one of Korea's leading multinational conglomerate is all set to capitalize on the growing textile market in India and other Southeast Asian countries.

Hyosung is currently the second largest Spandex producer in the world and sells it under creora Brand.

New production facility:
To meet the increasing demand of its creora brand Spandex, the company has commissioned a new production facility at Nhon Trach, Vietnam.

Said President CH Lee, “We have invested for manufacturing 15,000 tons of creora annually in the Vietnam facility, as the next step in Hyosung's global growth strategy and to better serve the Southeast Asian Markets.

This state of the art facility is globally competitive to ensure fast and reliable service in the region.”

Hyosung and India:
India being the fastest growing economy holds a prominence in Hyosung's global growth strategy. The company has opened its liaison office in New Delhi to effect better customer service in the region.

“We believe that as cost for better goods seem to be increasing in India and other Southeast Asian markets, we are in best position to meet customers needs with our proprietary technology,” said President CH Lee.

Currently Hyosung is expending its business volume in India every year. The major usage of spandex is textile industries, producing garment.

Indian market is growing 5-10% every year and has huge potentiality. It is an attractive point that Hyosung is focusing on India market.

The company aims to be the top supplier of its creora brand Spandex to the Indian market in a years' time.

Hyosung Corporation

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search