Hyosung, the Korea based leading elastane manufacturer having identified the two locations China and Vietnam as key sourcing and consumption areas has increased the capacity of its China and Vietnam plants at the beginning of this year.
The additional expansion in China comes in the light of growth of consumer demand for elastane as the countryâ€™s middle class continues to grow, while in Vietnam, anticipation of passing Trans-Pacific Partnership Agreement (TPP) agreement has lead the move.
In addition to investment in capacity Hyosung has also opened a Textile Development Centre in China to focus on fabric development and innovation. The centre includes covering, hosiery, seamless, circular knitting and weaving equipment. The intent is to use the facilities to explore new creora product innovation as well as develop new prototype concepts to integrate for business development.
The new development centre will provide a competitive advantage when combined with their latest manufacturing capability for outstanding quality, consistency, and runnability.
Kim, President of Hyosung said that the company is constantly looking for new ways to add value for their customers. Their innovation platforms are focused on improved processing value, enhanced functionality, and new aesthetics. Companyâ€™s intent is support their customers through new innovation and business
In addition to China and Vietnam, Hyosung currently operates Creora elastane plants in Turkey, which has grown to be a greater sourcing and delivery centre for the European continent, in South Korea, as well as a plant in Brazil which opened in 2010 to supply the growing South American markets.
The fresh expansion underlines the company's strategy of placing production as close to their customers as possible. Spandex production has increased along with demand over the last few years as it still is on a garment penetration trend. For example, the latest trends in womenâ€™s knit dresses have spandex for fit and style.
Hyosung have a sales and production network of over 50 bases than spans from Asia to America and Europe, providing convenience to customer in over 130 countries.
A weekly report covering market and price information on the entire chain of polyester along with online access to daily polyester chain prices.
One-time reports that are issued annually cover the demand and supply trends in individual products including polyester, nylon, acrylic, viscose, and cotton.
One-time reports that are issued annually cover the demand and supply trends in the individual country's natural and manmade fiber/filament industries.
Countries Served Worldwide