Hyosung Opens Creora Facility in Brazil
Korean fiber producer Hyosung is claiming the title “largest spandex producer in the world,” with the opening of its newest facility in Araquari, Brazil.
Located in Brazil’s Santa Catarina region, the new facility recently began producing Hyosung’s Creora fiber. The company plans to eventually produce 150,000 tons of spandex fiber.
“We are excited to begin production in our phase I, $100 million investment in Brazil for 10,000 tons,” said Yun-Eun Whang, president of Hyosung’s spandex performance unit. “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. We have plans for additional investment to achieve production of 150,000 tons total because we believe that demand for spandex will continue.”
The new Brazilian facility joins Hyosung’s existing Creora spandex plants in South Korea, China, Turkey and Vietnam.
For more information, visit www.hyosung.com.—Alison A. Nieder
