# Hyosung to invest $430M in spandex plant expansion in Turkey

Hyosung Corporation announced a $430 million investment to expand its spandex production facility in Çerkezköy, Tekirdağ, Turkey. The expansion will double capacity from 15,000 tons to about 40,000 tons annually by July 2021.

- Type: Expansion
- Announced: 2020-11-12
- Where: Çerkezköy, Tekirdağ, Turkey, Türkiye
- Value: $430.0M
- Starts operating: Jul 2021
- Status: announced
- Capacity: from 15,000 to about 40,000 tons annually
- Products: spandex yarn
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

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

## Sources

- [etextilemagazine.com](https://www.etextilemagazine.com/430-million-dollars-investment-from-hyosung-to-cerkezkoy.html), 2020-11-12: "Hyosung Corporation... announced that it will invest 430 million dollars in order to increase capacity in its textile production facilities in Çerkezköy, Tekirdağ."

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