Hyosung’s leads the world textile industry with its spandex, polyester and nylon yarns. The company produces various differentiated polyester and nylon yarns from regular to high functional specialty yarns to create high value for customers. The last two years were excellent for Hyosung’s global spandex business. It increased capacity in China and Vietnam. Vietnam expansion was aimed at meeting the growing demand from Southeast Asia, including India.
Hyosung is the largest producer of spandex in the world with its brand ‘Creora’. It expects to reach 2,30,000 metric tons by the end of this year. Creora is being used on intimate wear, denim, knitwear, woven garments and swimwear. Creora has many classified products to meet various requirements. Hyosung has six regional offices in India and now it plans to invest in a spandex factory in the country.
The company launched anti-odor spandex and now is looking to penetrate the denim market since Creora spandex can add value on denim garment. In addition to regular spandex, Creora has various kinds of specialty yarns. To meet consumer need for perfect fit and comfort from four way stretch denim, Hyosung launched Creora Fit2, and some Indian denim mills testing this product.
