Hyosung Group is expanding beyond its core spandex business into bio-based materials, using sugarcane as a feedstock for a new production system in Vietnam. The move builds on decades of expertise from Hyosung TNC, the world’s leading spandex producer, as the company looks to meet rising global demand for low-carbon textile inputs.
The plan centers on producing sugarcane-derived bio-BDO, a chemical building block that can be converted into PTMG and ultimately bio-spandex. By connecting these production stages, Hyosung aims to offer customers a more sustainable alternative to conventional, petroleum-based spandex materials.
The bio-materials push forms part of a broader strategy led by Chairman Hyun-Joon Cho, who has focused on power equipment, textiles, chemicals, bio and functional materials, and AI data centers as key growth areas. The approach pairs new investments in emerging sectors with efforts to shift existing businesses toward higher-value products.
Hyosung Heavy Industries also reported gains. Much of that growth came from expanding power equipment production in North America, including a planned 50% increase in ultra-high voltage transformer capacity at its Memphis plant by 2028.
Together, the results point to a company diversifying its growth base while investing in materials designed to lower the carbon footprint of everyday products like textiles.
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