Breaking News

Hyosung Adds Chinese Operation

November 1, 2006

The world's second largest spandex producer Hyosung will acquire the Tongkook spandex facilities in southeastern China, which will add 6000 tons of capacity to the company's creora brand portfolio.

“Our vision is to become the leader in spandex through our continued investment and commitment to the textile industry. We have invested in personnel, in the creora brand, in new innovations and in world class manufacturing.” shared Greg Vas Nunes, President of Europe and the Americas. “Hyosung is continuing to explore opportunities for additional investment in spandex facilities in Europe and the Americas. We had a great opportunity to invest in China and, in the short term, this expansion will allow us to better serve the needs of our customers globally.”

The spandex investments are part of the overall global growth strategy of Hyosung. Last month, Hyosung announced the acquisition of the Goodyear Tire and Rubber Co’s tire-cord manufacturing operations in the U.S., Brazil, and Luxembourg solidifying its position as worldwide leader in this segment.


  • Flushable Wipes Update

    Flushable Wipes Update

    Karen McIntyre, editor||April 13, 2016
    INDA president continues to make defending flushable wipes one of his top priorities.

  • Wipes Entrepreneurs Target Men

    Wipes Entrepreneurs Target Men

    Tara Olivo, associate editor||April 13, 2016
    As more men groom with personal care products, new innovators are seeing opportunities in the wipes market.

  • Germany's Dr. Schumacher Expands Personal Care Wipe Plan

    By Jaroslaw Adamowski, correspondent||April 13, 2016
    50,000 square foot facility opens four years after older site was lost in fire.