HS Hyosung to Build Advanced Materials Production Base in Mexico
HS Hyosung is set to establish an advanced materials production base in Mexico as part of efforts to strengthen its local manufacturing capabilities and expand its presence in the North American market.HS Hyosung said it signed a memorandum of understanding with the government of the Mexican state o
HS Hyosung is planning to construct an advanced materials production base in Mexico as part of its strategy to bolster its manufacturing capabilities and expand its footprint in the North American market. The company signed a memorandum of understanding with the government of San Luis Potosi, a key manufacturing hub in Mexico, during the Korea-Mexico Business Forum in Mexico City.
HS Hyosung aims to utilize this new base to bolster its supply capabilities for customers in North America and beyond, leveraging the region's industrial infrastructure to enhance its local supply chain. The investment, set to commence in 2027, aligns with HS Hyosung's broader efforts to diversify its advanced materials portfolio and cater to growing demand from North American customers, including General Motors, while exploring new applications in energy, aerospace, and defense sectors.
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