# Hyosung Corp to invest Rs 3,000 crore in spandex plant in Maharashtra

Hyosung Corporation plans to invest around Rs 3,000 crore in a spandex manufacturing facility in Aurangabad Industrial City, Maharashtra. The first phase of Rs 1,250 crore is expected to start production in May 2019.

- Type: New facility
- Announced: 2018-02-16
- Where: Aurangabad Industrial City, Maharashtra, India
- Value: $466.0M (30.0B INR)
- Jobs: 1,000
- Starts operating: May 2019
- Status: announced
- Products: spandex yarn
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Hyosung Group](https://endata.com/companies/2496.md)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/hyosung-corp-to-invest-rs-3000-cr-in-maha-spandex-project/articleshow/62943588.cms), 2018-02-16: "Hyosung Corporation is likely to invest around Rs 3,000 crore in a manufacturing facility in Maharashtra."
- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/hyosung-to-make-spandex-in-india/), 2018-02-20: "Hyosung will invest $100 million to build a plant for spandex production in India by 2019."

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