Hyosung, the South Korean industrial conglomerate that is one of the largest spandex producers in the world, has begun production of its Creora spandex in the company’s newest plant located in Araquari in the Santa Catarina region of Brazil.
Yun-Eun Whang, president of Hyosung’s Spandex Performance Unit, said the opening of the facility is the first phase in a $100 million investment in Brazil. The initial production is aimed at manufacturing 10,000 tons annually.
“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,” Whang said. “We have plans for additional investment to achieve production of 150,000 tons total [annually] 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.”
This marks the seventh production facility for Creora worldwide, joining existing plants in South Korea, Turkey, Vietnam and three in China.