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Hyosung Spandex (Guangdong) Co., Ltd started construction of its second projects at the Gaolan Port Economic Area earlier this month. This time, HYONSUNG is building a carbon fiber production project. This project covers an area of 7000 square meters with an investment of US$ 15 million and an annual production value of about $63 million USD.
Hyosung Corporation is one of the top ten enterprises in South Korea. HYOSUNE spandex production capacity ranks the first in the world made its main product. Its production technology is in the leading level. Hyosung spandex (Guangdong) Co., Lid was set up in 2003 with factories in Ping Sha town with the main business of elastic fiber, nylon and other traditional chemical fiber products.
With the rapid development of the Pingsha Yacht industry, high-grade hull and mast sail requires new carbon fiber material. This trend gradually comes within Hyosung vision. In addition to the ship manufacturing, carbon fiber is also very popular in high-end sports bicycle, automobile spare parts. Carbon fiber in the world market is gradually warming up. Hyosung determined to increase investment in its new carbon fiber project in March. It is expected to be completed and put into production in September this year. It formed the upstream industry chain with the downstream local yacht enterprises.
According to local government responsible person, Hyosung will also invest more than US$ 100 million to expand the existing spandex production scale. Through the new round of spandex project capital expansion plan, HYOSUNG production value will exceed $40 million USD in Zhuhai.
Original language Chinese