South Korean fibre giant Hyosung is expanding its Creora spandex manufacturing facilities in Araquari, Brazil and in the Cerkezkoy area of Turkey in order to better serve apparel brands who rely on South American and European-made textiles for performance materials.
The demand for spandex in the global apparel market continues to grow due to consumer popularity of comfort and athleisure wear. According global research and consulting firm Wood Makenzie’s April 2020 report, spandex demand has been growing by 9%, which is more than triple the growth rate of general apparel fibers, which grow 2 to 3% annually.
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According to Hyosung, the expansion project in its Brazil-based facility, which was established in 2011, will allow the plant to increase annual spandex 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 spandex capacity from 25,000 metric tons to 40,000 metric tons.
The Brazil and Turkey plants are production bases for South American and European customers. Hyosung said it would support these markets by providing ongoing innovation and solutions.
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.
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By GlobalDataWith a current production capacity of approximately 340 thousand 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 GRS-certified Creora Regen made with 100% recycled reclaimed waste, Creora Color +, dyeable spandex for extraordinary colours in blends with natural blends, and Creora 3D Max, for denim you want to live in.
