Home    Resource Store    Past Issues    Buyers' Guide    Career Center    Subscriptions    Advertising    E-Newsletter    Contact

Textile World Photo Galleries
November/December 2014 November/December 2014

View Issue  |

Subscribe Now  |

Events

Beltwide Cotton Conferences
01/05/2015 - 01/07/2015

SURFACES 2015 International Flooring Event
01/21/2015 - 01/23/2015
02/24/2014 - 02/24/2014

ExpoProducción
02/04/2015 - 02/06/2015

- more events -

- submit your event -

Printer Friendly
Full Site
Fiber World

Hyosung Invests In Turkey, Expands Guangdong Capacity

South Korea-based Hyosung Corp. is to build a spandex facility in Turkey, capable of producing 15,000 tons of spandex per year. The plant, with a price tag of $130 million, is expected to be up and running by the end of the year.

“We are investing in Turkey as part of Hyosung’s global growth strategy and to demonstrate our commitment to the textile industry,” said Greg Vas Nunes, president, Europe and the Americas, Hyosung.

“We will be able to better meet the needs of customers for innovation and cost competitiveness with this state-of-the-art facility using our patented creora® technology. As Turkey, Israel, Jordan and Morocco are important sourcing areas for the US with increasing demand for shorter lead times, we believe it is essential to install production closer to our customers to better service their needs.”

In other company news, Hyosung is also set to increase capacity at its Guangdong plant in Zhuhai, China.

The company hopes its latest investments and acquisitions will grow the company to a total production capacity of 87,000 tons per year by the end of 2008.


May/June 2007



Advertisement