Hyosung Chairman Cho Hyun-Joon completes bio-spandex base in Vietnam
Hyosung TNC, the world’s largest spandex maker by market share, has launched an integrated production system in Vietnam connecting sugarcane-based bio materials to finished textile products. The investment, carried out under the leadership of Hyosung Chairman Cho Hyun-joon, is aimed at reducing reliance on fossil fuel-based raw materials while internalizing the entire supply chain, from raw…
Hyosung TNC, a global leader in spandex production, has established an integrated production system in Vietnam, connecting bio-based materials to finished textile products. This strategic move, spearheaded by Hyosung Chairman Cho Hyun-joon, aims to decrease the company's dependence on fossil fuel-derived raw materials and consolidate its supply chain from raw materials to finished goods.
The company recently inaugurated its Bio-Butanediol (BDO) plant in Ho Chi Minh City, Vietnam, boasting an annual production capacity of 50,000 tons.
The $1 billion investment, which supports a potential expansion to 200,000 tons annually contingent on market growth, enables Hyosung TNC to manufacture BDO through the fermentation of sugarcane-derived sugars. This bio-based approach to BDO production, traditionally reliant on petrochemical resources, aligns with the company's commitment to responsible sourcing and traceability.
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- Hyosung Chairman Cho Hyun-Joon completes bio-spandex base in Vietnam koreatimes.co.kr
