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Related Keywords: annual spandex production capacity in Vietnam, gradually increase tire cord production capacity, Hyosung Corp, investment in Vietnam, plans to ramp up, produced textiles and industrial materials, South Korea based leading chemical and textile company, to become its largest spandex manufacturing production base, Trans Pacific Partnership

Hyosung Corp., a South Korea based leading chemical and textile company plans to ramp up its annual spandex production capacity in Vietnam to 80,000 tons from current 50,000 tons, a move that will make the plant to become its largest spandex manufacturing production base, and gradually increase the tire cord production capacity from current 100,000 tons per year.

Hyosung Corp. is expected to up investment in Vietnam after its operation in the Southeast Asian country delivered the most impressive earnings among its subsidiaries last year.

Related Keywords: asian market, brand Creora, China facility, demand for spandex, elastic synthetic fiber, Hyosung Corp, spandex maker

Hyosung Corp.,South Korean textile and industrial materials maker plans to expand production of spandex yarns at its China facility in Guangdong Province by 14.3 percent to 80,000 tons per year, according to company officials.

With the expansion, the firm's total production of the elastic synthetic fiber will reach 190,000 tons and will help Hyosung and its spandex brand Creora snap up more than 30 percent of the global market share.

Spandex is a highly elastic textile used in various types of garments such as leggings, sports apparels and belts.