HS Hysung Advanced Materials is set to construct a new carpet factory in Da Nang, Vietnam, with an investment of approximately 130 billion won, aiming to strengthen its presence in the global carpet and yarn markets.
The company announced on September 30 that it held a groundbreaking ceremony for the carpet production facility in the Tam Thang Industrial Complex in Da Nang on September 29.
HS Hysung Advanced Materials has secured an additional 110,000 square meters of land, expanding its existing site of 390,000 square meters (about 118,000 pyeong) to a total of 500,000 square meters (about 151,000 pyeong). The new factory is expected to be completed by 2029, focusing on BCF yarn and carpets for automotive and commercial use.
With the establishment of the new factory in Tam Thang, HS Hysung Advanced Materials aims to create a 'yarn-carpet integrated production system' to significantly enhance its competitiveness in the global carpet market.
Recently, HS Hysung Advanced Materials has been continuously strengthening its eco-friendly product lineup to target the rapidly growing sustainable mobility materials market. Notable products include Bio-Based PET carpets made with 30% bio-based content derived from sugarcane, Recycled PET carpets made from discarded plastic bottles, and Recycled nylon carpets made from discarded fishing nets.
Im Jin-dal, CEO of HS Hysung Advanced Materials, stated, "The demand for eco-friendly interior materials, including bio and recycled materials, is rapidly increasing in the global automotive market, particularly for electric vehicles. We will proactively respond to the needs of our global clients and lead market trends with our unique technology and the integrated production system at the Tam Thang factory."
* This article has been translated by AI.
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