Hyosung TNC Invests $1 Billion in Future "Bio" Business
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月曜日, 4月 1, 2024
Sustainability, Millennials, Certification, Attention, Tax, Plastics industry, Textile, Biotechnology, Survival, Partnership, Beauty, Natural Resources, Raw material, BDO, BIO, SGS, Transport, Carbon, Plant, Sugar, Ivivva athletica, Plastic, Pollution, Chemical industry, Coal, Geno's Steaks, Greenhouse, Marketing, Economics, Geno, Engineering
Chairman Hyun-Joon Cho states, "The bio business will become a core pillar of Hyosung for the next 100 years.
Key Points:
- Chairman Hyun-Joon Cho states, "The bio business will become a core pillar of Hyosung for the next 100 years.
- SEOUL, South Korea, April 1, 2024 /PRNewswire/ -- Hyun-Joon Cho, chairman of Hyosung announces major investment in the bio business, embarking on future new business ventures.
- Hyosung TNC plans to proactively respond to the global materials market's reorganization around sustainable products by investing $1 billion to establish multiple Bio-BDO production plants capable of producing 200,000 tons annually.
- From Raw Material to Fiber, Hyosung TNC Establishes the World's First Fully-Integrated Production System for Bio-Spandex
With this investment, Hyosung TNC has secured the largest bio-spandex factory in Vietnam.