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[THE INVESTOR] South Korean synthetic fiber manufacturer Hyosung, said on Oct. 4 that it plans to ramp up its spandex production in Turkey to cope with rising demand in Europe and the Middle East.
The company will spend US$27 million to expand spandex output there by 5,000 tons to 25,000 tons, by the end of the first half of next year.
When the construction of its new Chinese plant with a capacity of 16,000 tons is completed during the first half of next year, its combined annual spandex output will reach 221,000 tons.
The company will spend US$27 million to expand spandex output there by 5,000 tons to 25,000 tons, by the end of the first half of next year.
When the construction of its new Chinese plant with a capacity of 16,000 tons is completed during the first half of next year, its combined annual spandex output will reach 221,000 tons.
Hyosung developed its own technology to produce spandex in 1992 and has maintained its leading status in the global spandex market since 2010.
(theinvestor@heraldcorp.com)
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