# Hyosung plans $500M yarn investment in Turkey

South Korean company Hyosung is planning a $500 million investment in Turkey for elastane yarn and polyester manufacturing, plus an $80 million line expansion at its existing Tekirdağ facility, starting March 2022.

- Type: Investment
- Announced: 2021-11-09
- Where: Tekirdağ, Türkiye
- Value: $500.0M
- Jobs: 920
- Starts operating: Q3 2023
- Status: announced
- Capacity: 8,400 tons per year (line expansion)
- Products: elastane yarn, spandex yarn, polyester
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Hyosung Group](https://endata.com/companies/2496.md)
- [Hyosung Istanbul Textile](https://endata.com/companies/58879.md) (partner)

## Sources

- [etextilemagazine.com](https://www.etextilemagazine.com/500-million-dollars-yarn-investment-in-turkey-from-hyosung.html), 2021-11-09: "The company, which has been working on expanding lines 3 times since it entered the Turkish market in 2007, is planning 2 different investments, both on the manufacturing of elastane yarn and polyester, on new land this time."

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