Related Keywords: China and Vietnam, circular knitting and weaving equipment, explore new creora product, fabric development, growth of consumer demand, hosiery, Hyosung, Korea based elastane manufacturer, opened Textile development centre, seamless, TPP agreement
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 country’s middle class continues to grow, while in Vietnam, anticipation of passing Trans-Pacific Partnership Agreement (TPP) agreement has lead the move.
