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Hyosung to expand spandex plant in Turkey

All Headlines 09:57 October 04, 2016

SEOUL, Oct. 4 (Yonhap) -- Hyosung Corp., a leading South Korean synthetic fiber manufacturer, said Tuesday it plans to increase its spandex output in Turkey in order 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.

Spandex, a highly elastic textile, is known for enhancing comfort and activity in multi-functional and value-added clothing products.

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.

sam@yna.co.kr
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