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, utilizing sugarcane-based bio materials to create finished textile products. The company's chairman, Cho Hyun-joon, spearheaded this investment to decrease dependence on fossil fuel-based raw materials and to consolidate the entire supply chain, from raw materials to finished products, thereby solidifying Hyosung TNC's position in the global sustainable textile market.
Hyosung TNC recently initiated commercial operations at its Bio-Butanediol (BDO) plant in Ho Chi Minh City, Vietnam, with a production capacity of 50,000 tons per year. This facility, backed by a $1 billion investment, is poised to expand its annual production capacity to a potential 200,000 tons, contingent upon future market growth.
Historically, BDO, a crucial component in spandex production, has been derived from petrochemical resources like coal. However, Hyosung TNC's Bio-BDO is produced by fermenting sugars derived from sugarcane. The company ensures responsible sourcing and traceability for its Bio-BDO.
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- Hyosung Chairman Cho Hyun-Joon completes bio-spandex base in Vietnam koreatimes.co.kr
