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In the first quarter of this year, Hyosung TNC started supplying MIPAN regen robic, a high-strength reclaimed nylon yarn, to Osprey. Osprey will release ‘Talon/Tempest Series,’ a flagship backpack line created with MIPAN regen robic, for the spring season next year, according to a press release by Hyosung. At the ISPO (a global trade fair for sporting goods and sportswear), one of the world’s three trade fairs for sports and outdoor businesses, held in Munich, Germany in February 2020, Hyosung was directly requested by Osprey to supply an ‘eco-friendly and high-strength product.’ Having won recognition for its technological power and supply capacity by supplying ‘robic,’ a general version of MIPAN regen robic, to Osprey for several years, Hyosung TNC released MIPAN regen robic, a customised and eco-friendly nylon yarn, after a development process of around one year. Meanwhile, the demand for eco-friendly products is rising among businesses to increase their enterprise values as of late especially in the premium markets, such as the Americas and Europe. The global eco-friendly fibre market is growing on an average of approximately 10 per cent per year. The market scale is expected to reach around $70 billion (approximately KRW 83 trillion) by 2025. In line with this trend, the annual sales of Hyosung’s eco-friendly yarn division have been more than doubling since 2017. Hyosung has established a policy to strengthen entry to the global market with its eco-friendly products, such as MIPAN regen (nylon), regen (polyester), and creora regen (spandex). “Customers have started demanding businesses to have a high level of awareness of and responsibility for the environment. Based on the Green Management Vision 2030, Hyosung will continue expanding products, materials and business models with which to realise the eco-friendly values,” chairman Cho Hyun-joon of Hyosung said. Osprey is a leading brand with approximately 43 per cent share in the global outdoor backpack market. Famous for lightweight and highly durable backpacks, this company has secured differentiated competitive power based on its high-speed development and high-efficiency production of innovative and eco-friendly materials.
Fibre2Fashion News Desk (GK)
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