Hyosung, one of the major spandex producers of the world, has started production of creora® spandex at its newest Brazilian plant located in Araquari in the Santa Catarina region. So far, there are already Hyosung creora® spandex plants in South Korea, China (3 plants), Turkey and Vietnam. Hyosung opened the factories in Turkey and Vietnam in 2008 and the Brazil plant was officially opened in 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 regions," commented President Whang of Hyosung’s Spandex Performance Unit. “We have plans for additional investment to achieve production of 150,000 tons total because we believe that demand for spandex will continue.”

Hyosung Corporation is one of Korea’s leading multinational conglomerates with annual worldwide sales of more than $8.7 billion. The company maintains a global network of more than 73 subsidiaries and international branch offices around the globe. Hyosung operates in seven performance groups: textiles, industrial materials, chemicals, power & industrial systems, construction, trading and information & communication.
Hyosung plant in Araquari, Brazil
Hyosung plant in Araquari, Brazil