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Hyosung Chairman Cho Hyun-joon Turns ESG Investments into New Growth Engines

PR Newswire by PR Newswire
22 September 2026
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  • Hyosung TNC establishes an integrated bio-BDO and bio-spandex production system in Vietnam
  • Securing global growth engines through sustainable bio-based materials

SEOUL, South Korea, Sept. 22, 2026 /PRNewswire/ — In response to carbon neutrality and the restructuring of global industries, Hyosung Chairman Cho Hyun-joon is accelerating the group’s ESG initiatives through proactive investments. Under the strategic leadership of Hyosung Chairman Hyun-Joon Cho, proactive investments have materialized into proprietary technologies and expanded production bases across major affiliates.

“Eco-friendly practices are an irreversible global trend and the essential key to achieving sustainable growth in the global market,” emphasized Chairman Cho. Driven by this vision, Hyosung TNC has successfully established a fully integrated bio-BDO to bio-spandex production system in Vietnam.

Hyosung TNC Expands Low-Carbon Textile Market with Bio-Spandex

As the global leader in spandex market share, Hyosung TNC is aggressively expanding its bio-materials business to address tightening European Union (EU) climate regulations and the textile and fashion industry’s shift toward bio-based and recycled raw materials.

The company has built a comprehensive “integrated bio-spandex production system” in Vietnam, encompassing everything from sugarcane-based raw materials to final textile products. Under this structure, the facility in Ba Ria-Vung Tau produces 50,000 tons of bio-BDO annually, which is then processed into bio-PTMG and ultimately manufactured into bio-spandex at the Dong Nai plant.

Produced by fermenting sugars extracted from sugarcane and corn using technology from the American biotechnology firm Geno, bio-BDO can reduce carbon emissions by more than 90% compared to traditional fossil fuel-based products. This bio-spandex maintains conventional elasticity and durability, making it highly applicable for sportswear, swimwear, and denim.

With a total investment of USD 1 billion, Hyosung TNC plans to expand its annual production capacity to 200,000 tons. This strategic move aims to enhance raw material procurement stability and cost competitiveness while significantly reducing transportation-related carbon emissions.

“The bio-business, transitioning from traditional fossil raw materials to plant-based alternatives, will become the core pillar for Hyosung’s next 100 years,” stated Chairman Cho. “We must strengthen our global market penetration based on this integrated bio-BDO and bio-spandex production system, further elevating Hyosung’s premium brand status.”

Looking ahead, Hyosung TNC plans to expand bio-BDO applications to include TPU for automotive interiors, biodegradable PBAT resin, and shoe soles, nurturing its Vietnam production base into a comprehensive bio-materials integration platform.

Website: https://www.hyosung.com/en/

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