South Korea-based Hyosung Corp., manufacturer of creora® spandex, will invest more than US$100
million to open a new plant in Brazil that will manufacture 10,000 metric tons of creora spandex
per year. The facility will be located in the Santa Catarina region and is expected to go online
next year.
“We are investing in Brazil because we recognize the growth potential of the South American
continent and in particular Brazil’s importance in the future of the global textile business,” said
Yun-Eun Whang, president of Hyosung’s Spandex Performance Unit. “This plant will better serve the
needs of regional customers for product innovation, reliable service and delivery.”
According to Whang, once production at the facility begins, Hyosung is expected to be the
largest spandex producer in South America. The company plans an additional future investment to
increase the facility’s production capacity to 20,000 metric tons.
April 21, 2010