HYOSUNG Begins Production On New Plant In Brazil And Becomes The Largest Spandex Producer In The World

Hyosung, the largest spandex producer in the world, has begun production of creora® spandex in the
newest plant located in Araquari in the Santa Catarina region of Brazil. There are Hyosung creora®
spandex plants in South Korea, China (3 plants), Turkey and Vietnam. Hyosung opened the factories
in Turkey & Vietnam in 2008 and the Brazil plant will officially open this September.

“We are excited to begin production in our phase I $100 million dollar investment in Brazil
for 10,000 tons. Many Brazilian and South American brands and retailers require production
proximity for speed to market, so we are now better positioned to ensure fast delivery to these

We have plans for additional investment to achieve production of 150,000 tons total because
we believe that demand for spandex will continue. We want to offer the best combination of
innovation with best quality through our state of the art, patented manufacturing processes for our
customers to continue to grow and thrive.” said President Whang of Hyosung’s Spandex Performance

September 27, 2011