# Hyosung T&C to build new spandex plant in Ningxia, China

Hyosung T&C will set up a corporation in Ningxia, China in January 2021 to build a spandex factory, with a planned investment of 75 billion won in 2021. The company also announced expansions of its spandex plants in Turkey (60 billion won) and Brazil (40 billion won) in the previous two months.

- Type: Expansion
- Announced: 2021-01-18
- Where: Ningxia, China, China
- Value: $68.0M (75.0B KRW)
- Status: announced
- Products: spandex
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Hyosung T&C](https://endata.com/companies/52578.md)

## Sources

- [businesskorea.co.kr](https://www.businesskorea.co.kr/news/articleView.html?idxno=58674), 2021-01-18: "Hyosung T&C will set up a corporation in Ningxia, China this month to set up a spandex factory there."

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