# Hyosung to invest $54M in new spandex site in Turkey

Hyosung announced it will invest $54 million in a new 15,000-ton capacity spandex production site in Turkey, aiming to strengthen its position as the world's leading spandex manufacturer.

- Type: New facility
- Announced: 2020-11-24
- Where: Turkey, Türkiye
- Value: $54.0M
- Status: announced
- Capacity: 15,000 tons per year
- Products: spandex
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

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

## Sources

- [tevonews.com](https://www.tevonews.com/industrial-fabrics-news/2588-hyosung-to-expand-in-turkey-with-us-54m-site), 2020-11-24: "Hyosung has announced that it will invest US$54 million in a new 15,000-ton capacity site in Turkey, as it looks to broaden the gap between it and its rivals as the world's leading spandex manufacturer."

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