# HS Hyosung Advanced Materials to build tire cord plant in Nagpur, India

HS Hyosung Advanced Materials announced a $30 million investment to establish a new subsidiary and build a tire cord factory in Nagpur, Maharashtra, India, with completion planned for 2027.

- Type: New facility
- Announced: 2025-11-12
- Where: Nagpur, Maharashtra, India
- Value: $30.0M
- Starts operating: 2027
- Status: announced
- Products: polyester tire cord
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [HS Hyosung Advanced Materials](https://endata.com/companies/88417.md)

## Sources

- [biz.newdaily.co.kr](https://biz.newdaily.co.kr/site/data/html/2025/11/12/2025111200368.html), 2025-11-12: "HS효성첨단소재는 12일 공시를 통해 3000만 달러(약 430억원)를 출자해 타이어코드 생산을 위한 인도 현지 법인을 설립한다고 밝혔다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.