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Fiber World

Hyosung To Construct Spandex Facility In Vietnam

As part of its strategy to become the leading global spandex producer, South Korea-based Hyosung Corp. will invest $100 million to construct a spandex facility in Nhon Trach, Ho Chi Minh City, Vietnam. Scheduled to be operational by the second half of 2008, the plant will produce 15,000 tons of spandex annually.

“We will be able to better meet the needs of customers for innovation and cost competitiveness with a new state-of-the-art facility using our patented creora® technology,” said Greg Vas Nunes, president, Europe and the Americas, spandex performance unit. “As Southeast Asia is growing as a sourcing area for the United States with increasing demand for shorter lead times, we believe it is essential to install production closer to our customers.”

November/December 2007




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