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Fibres/​Yarns

Hyosung invests in Brazil and Turkey elastane facilities

South Korean fibre producer is advancing its global elastane leadership position with investments in its Araquari (SC) Brazil and Cerkezkoy, Turkey facilities.

4th December 2020

Knitting Industry
 |  Seoul, South Korea

Knitted Outerwear, Hosiery/​Socks

The demand for elastane in the global apparel market continues to grow due to consumer popularity of comfort and athleisure wear, which happen to be garments of choice as people are spending more time at home in the wake of the pandemic. According to global research and consulting firm, Wood Makenzie’s April 2020 report, elastane demand has been growing by 9%, which is more than triple the growth rate of general apparel fibres, which grow 2-3% annually.

To better serve apparel brands who rely on South American and European-made textiles in the development of their performance materials, Hyosung is expanding its creora elastane manufacturing facility based in Araquari (SC) Brazil and in its creora elastane manufacturing facility based in the Cerkezkoy area of Turkey.

We will support these markets by providing ongoing innovation and solutions, which Hyosung is known for

According to Hyosung, the expansion project in its Brazil-based facility, which was established in 2011, will allow the plant to increase annual elastane capacity from 12,000 metric tons to approximately 22,000 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 elastane capacity from 25,000 metric tons to 40,000 metric tons. 

Hyosung’s creora elastane manufacturing facility based in the Cerkezkoy area of Turkey.

“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,” said Hyun-Joon Cho, Hyosung Chairman. “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 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.

Hyosung’s creora elastane manufacturing facility based in Araquari (SC) Brazil.

With a current production capacity of approximately 340 thousand tons per year, Hyosung is the leading producer of elastane, supplying approximately one-third of the world’s elastane. The company’s most recent stretch solutions include new GRS-certified creora regen elastane made with 100% recycled reclaimed waste, creora Color +, dyeable elastane for extraordinary colours in blends with natural blends, and creora 3D Max, for ‘denim you want to live in’.

Hyosung is a comprehensive fibre manufacturer that produces world-class products, providing innovation and solutions to the textile industry. Hyosung’s creora elastane is the world’s largest elastane brand, supplying the broadest range of stretch fibre offerings supported by exceptional technology and quality.  Mipan nylon and specialty polyester provide functional and sustainable fibre solutions that are essential to today’s dynamic textile market.

Visit Hyosung’s blog at blog.hyosungtnc.com for all the latest trend, event and product updates. Hyosung can also be found on Instagram @hyosung_textiles and on LinkedIn at Hyosung Performance Textiles.

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