Hyosung, one of the leading elastane producers in the world, has just started expanding its plant in Brazil. The brand is part of Texbrasil (Internationalization Program of the Brazilian Textile and Fashion Industry) – the result of a partnership between Abit (Brazilian Textile and Apparel Industry Association) and ApexBrasil (Brazilian Trade and Investment Promotion Agency).
The operation of the new factory spaces started in January of this year, after BRL 200 million in investments. The company’s industrial park is located in Araquari (SC) and is responsible for the production of Creora elastane.
With the expansion, Hyosung increased its production capacity by 80%, from 12,000 to 22,000 tons per year. “The investment was made to meet the growing demand for elastane, as well as to guarantee the supply of the textile industry in Brazil and the Latin American market,” explains the company president, Do Jun Cho.
In addition to the plant in Brazil, Hyosung has factories in South Korea, China, Turkey, Vietnam, and India. In 2021, the company ended the year with a world production of 390 thousand tons. With the expansion in Brazil, this number should reach 400 thousand.
“Brazil has become a special country for Hyosung. It is a great achievement to get another investment for our country, creating more jobs and delivering more reliability to our customers”, comments Jessé Moura, the company’s marketing manager. “With this new investment we will be able to increase our market share in Brazil as well as in other countries around us,” he adds.
Keeping an eye on the planet’s health
One of the highlights in the brand’s manufacture is the concern for the environment. Hyosung recovers 95% of the solvent used in Creora production using the distillation process. Through the wastewater treatment plant, all the water used in the plant returns to nature without changing its characteristics. In addition, the company is OEKOtex certified, ensuring safety in the use of its products.
