# 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.

- Type: New facility
- Announced: 2025-02-28
- Where: Butibori, Nagpur, Maharashtra, India
- Value: $200.0M (17.4B INR)
- Jobs: 400
- Status: announced
- Products: polymer fabric for tyre reinforcement
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [HS Hoysung Advance Materials](https://endata.com/companies/83216.md)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/city/nagpur/south-korean-co-signs-mou-for-rs1740cr-plant-at-butibori/articleshow/118610690.cms), 2025-02-27: "South Korean conglomerate HS Hoysung Advance Materials signed a memorandum of understanding (MoU) with the state govt, proposing an investment of Rs1,740 crore."
- [manufacturingtodayindia.com](https://www.manufacturingtodayindia.com/maharashtra-government-hs-hoysung), 2025-03-01: "As this would bring a new unit of the company to Nagpur, the company is also expected to carry out expansion at its existing facilities in Pune and Chhatrapati Shambhaji Nagar."

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