To better serve apparel brands that rely on South American and European-made textiles in the development of their performance materials, Hyosung is expanding its Creora spandex manufacturing facilities in Araquari, Brazil, and in the Cerkezkoy area of Turkey.
The Seoul, South Korea-based Hyosung said demand for spandex in the global apparel market continues to grow due to consumer popularity of comfort and athleisure wear, as people are spending more time at home in the wake of the pandemic. The company cited global research and consulting firm Wood Makenzie’s April report that said spandex demand has been growing by 9 percent annually.
According to Hyosung, the expansion project in its Brazil-based facility, established in 2011, will allow the plant to increase annual spandex capacity from to 22,000 metric tons from 12,000 metric tons. Completion of the project is scheduled for mid-2022.
The company’s Turkey-based expansion, which is expected to be complete by the third quarter of 2021, will allow this facility to increase annual spandex capacity to 40,000 metric tons from 25,000 metric tons.
“We are proud to strengthen our presence in the South American and European premium textile markets with the expansion of our plants in Brazil and Turkey, which are production bases for our regional South American and European customers,” Hyosung chairman Hyun-Joon Cho said. “We will support these markets by providing ongoing innovation and solutions, which Hyosung is known for.”
To provide faster product delivery and reduce its carbon footprint, Hyosung has strategically expanded its manufacturing network to serve clients on each continent since its start in South Korea in 1992. In 1999, the company expanded into China, and now has bases in Brazil for the Americas, India for emerging Asian markets, Vietnam for the rest of Asia and Turkey for Europe.
With a current production capacity of approximately 340,000 tons per year, Hyosung is the leading producer of spandex, supplying approximately one-third of the world’s spandex. The company’s most recent stretch solutions include new Global Recycling Standard-certified Creora regen made with 100 percent recycled reclaimed waste, Creora Color + dyeable spandex and Creora 3D Max for denim.