HS Hoysung Advance Materials signs MoU for Rs1,740cr polymer fabric plant in Butibori

South Korean conglomerate HS Hoysung Advance Materials signed an MoU with the Maharashtra state government to invest Rs1,740 crore in a greenfield polymer fabric plant at the Butibori industrial estate in Nagpur, India. The plant will produce fabric for tyre reinforcement and employ 400 people.

“South Korean conglomerate HS Hoysung Advance Materials signed a memorandum of understanding (MoU) with the state govt, proposing an investment of Rs1,740 crore.”timesofindia.indiatimes.com

• 2 sources
• timesofindia.indiatimes.comSouth Korean co signs MOU for Rs1,740cr plant at Butibori | Nagpur News - The Times of IndiaShishir AryaFeb 27, 2025
• manufacturingtodayindia.comMaharashtra government and HS Hoysung sign Rs 1,740 croreStaff WriterMar 1, 2025

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