According to Hyosung, the expansion project in its Brazil-based facility, which was established in 2011, will allow the plant to increase annual spandex capacity from 12,000 metric tons to approximately 22,000 metric tons. Completion of the project is scheduled for mid-2022.

The company’s Turkey-based expansion, which is expected to be complete by the third quarter of 2021, will allow this facility to increase annual spandex capacity from 25,000 metric tons to 40,000 metric tons.  

“We are proud to strengthen our presence in the South American and European premium textile markets with the expansion of our plants in Brazil and Turkey, which are production bases for our regional South American and European customers,” said Hyosung chairman Hyun-Joon Cho. “We will support these markets by providing ongoing innovation and solutions, which Hyosung is known for.”

To provide faster product delivery and reduce its carbon footprint, Hyosung has strategically expanded its manufacturing network to serve clients on each continent since its start in Korea in 1992. In 1999, the company expanded into China, and now has bases in Brazil for the Americas, India for emerging Asian markets, Vietnam for the rest of Asia, and Turkey for Europe.

With a current production capacity of approximately 340,000 tons per year, Hyosung is the leading producer of spandex, supplying approximately one-third of the world’s spandex. The company’s most recent stretch solutions include new GRS-certified creora regen made with 100 per cent recycled reclaimed waste, creora Color +, dyeable spandex for extraordinary colours in blends with natural blends, and creora 3D Max, for denim one wants to live in.

Fibre2Fashion News Desk (RKS)