HYOSUNG TNC

What HYOSUNG TNC does

HYOSUNG TNC is a South Korea-headquartered, publicly listed (KRX:298020) subsidiary of the Hyosung Group conglomerate that manufactures and distributes specialty textile fibers — spandex/elastane (CREORA), nylon (MIPAN), and polyester — serving global apparel, swimwear, intimate apparel, denim, outdoor, and personal hygiene brands through direct sales and a textile mill partner network. The company traces its fiber operations to 1966 (Dongyang Nylon), added polyester in 1973, and entered spandex production in 1992; it is positioned in the source materials as the world's largest spandex manufacturer by market share and operates more than 30 overseas branch offices.

The business model is anchored on B2B enterprise sales of branded fiber SKUs under multi-year contracts to brands and textile mills, priced via quote-based volume-discount structures, and complemented by a trading segment (steel and chemical materials) and an industrial real estate arm (Sevit Island, Gwangju Refrigerated Warehouse). Revenue model mix reflects textile fiber sales as the dominant stream with steel/chemical trading and a real estate tail. Technology is differentiated by a near-$1 billion integrated bio-based production system in Vietnam converting sugarcane into Bio-BDO, Bio-PTMG, and Bio Spandex within a single value chain, alongside GRS-certified regen recycled and bio-based fibers (Ocean Nylon, Polyester, Bio Spandex, Seoul/Jeju regional programs), with sustainability credentials backed by VIVE, SGS, ISO 9001/14001/45001, and product carbon footprint verification.

Recent strategic activity is centered on vertical extension into circular and bio-based inputs through partnerships with Geno (bio-BDO), Loop Industries and Ambercycle (textile-to-textile recycling), Lenzing (cellulosic blends), and ELITe, plus geographic and end-market expansion — most notably a new bio-based spandex product targeting the personal hygiene segment with sugarcane-derived feedstock and a dedicated Personal Healthcare Global Leader hire in July 2025. Go-to-market runs through enterprise field sales, a mill partner channel, specialized product contact channels, and global trade-show presence (ISPO Munich, Global Fashion Summit 2026 as principal sponsor, Kingpins, Performance Days, Interfiliere).

Name

HYOSUNG TNC

Legal name

HYOSUNG TNC

Website

https://hyosungtnc.com

Company type

Private

Founded year

1966

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

HYOSUNG TNC (KRX:298020) is a South Korea–headquartered subsidiary of Hyosung Group and the world's largest spandex/elastane manufacturer, producing CREORA spandex, MIPAN nylon, performance polyester, and regen recycled and bio-based fibers for global apparel, swimwear, denim, outdoor, and personal hygiene brands through direct enterprise sales and a textile mill partner network across 30+ countries.

Ownership category

akta.pro rank

Product category

Synthetic Textile Fibers Manufacturing

NAICS

Artificial and Synthetic Fibers and Filaments Manufacturing (32522), Textile Mills (313)

SIC

Textile Mill Products (2200), Broadwoven Fabric Mills, Man Made Fiber & Silk (2221)

akta.pro primary industry

Man-Made Fiber Manufacturing (Polyester/Nylon/Acrylic/Viscose) (IMAOAAAB)

akta.pro secondary industries

Regenerated & Recycled Fiber Production (rPET/rNylon/Regenerated Cellulose) (IMAOAMAD), Bio-based Materials & Fibers (e.g., cellulose derivatives, lignin-based materials, nanocellulose) (EUAAAIAD), Biobased, Compostable & Low-Impact Material Innovation (Bio-polymers/Dope Dyeing) (IMAOAMAM)

Keywords

• Spandex elastane fibers
• Recycled nylon fibers
• Polyester yarn manufacturing
• Bio-based textile fibers
• Sustainable stretch fibers

Headquarters

HQ city

Mapo

HQ country

South Korea

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Textile Fiber Sales: Primary revenue from selling spandex/elastane, nylon, and polyester fibers under CREORA and regen brands to apparel manufacturers and brands
2. Trading Business: Global trading operations for steel products (hot-rolled, cold-rolled, galvanized, automotive steel) and chemical materials including synthetic fiber raw materials, synthetic resin products, and biofuels
3. Industrial Real Estate: Sevit Island development and Gwangju Refrigerated Warehouse operations

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

HYOSUNG TNC manufactures and globally sells man-made textile fibers including spandex/elastane (CREORA), specialty nylon (MIPAN), and performance polyester under CREORA, regen, and MIPAN brands, supplying apparel brands and textile mills across 30+ countries. The company operates an integrated bio-based production system in Vietnam that converts sugarcane into Bio-BDO, Bio-PTMG, and Bio Spandex, and offers GRS-certified recycled fiber lines (regen Ocean Nylon, regen Polyester, MIPAN regen robic). The company also conducts a global trading business in steel and chemicals and holds industrial real estate assets (Sevit Island, Gwangju Refrigerated Warehouse).

Product overview

Hyosung TNC is a complete sustainable textile solutions provider offering world-class products under two main brands: CREORA (spandex/elastane) and regen (sustainable fibers). CREORA is the world's largest spandex brand with specialized variants including recycled (regen), color-enhancing (Color+), comfort-focused (Comfort, eco-soft), performance-oriented (ActiFit, PowerFit), functional (Fresh, highclo, Shield), and specialty (Black, 3D Max) offerings. The regen brand encompasses sustainable fiber solutions including recycled materials (Ocean Nylon, Polyester, Ocean Robic Nylon, MIPAN regen) and bio-based alternatives (BIO Spandex) derived from sugarcane. The company operates an integrated bio-based production system in Vietnam converting sugarcane into Bio-BDO, Bio-PTMG, and Bio Spandex within a single value chain. Specialty nylon (MIPAN) and polyester complete the product portfolio serving activewear, sportswear, intimates, swimwear, denim, and industrial applications.

Differentiator

Problem solved

Functional benefit

Brands

• CREORA: World's leading spandex/elastane brand with the highest market share, offering innovative product lines including plant-based spandex (regen bio-based spandex) and recycled spandex (regen spandex).
• regen
• MIPAN
• CREORA regen
• Mipan regen ocean

Products and services

• CREORA Spandex/Elastane CREORA is HYOSUNG TNC's flagship spandex/elastane brand, the world's largest spandex brand by market share, supplying the broadest range of stretch fiber offerings for apparel manufacturers and brands across activewear, denim, intimates, swimwear, and outdoor applications.
• regen Sustainable Fibers regen is HYOSUNG TNC's GRS-certified sustainable fiber brand covering regen Ocean Nylon (from discarded fishing nets), regen Polyester (from recycled PET bottles), regen BIO Spandex (sugarcane-derived), and regional regen Seoul/Jeju recycling lines, sold to apparel brands seeking circular economy materials.
• regen BIO Spandex for Personal Hygiene First bio-based spandex specifically developed for the personal hygiene market, using sugarcane-derived feedstock verified under the VIVE Program, providing sustainable alternatives to fossil-based elastane in hygiene applications.
• MIPAN Nylon Specialty Fibers MIPAN is HYOSUNG TNC's specialty nylon fiber brand offering functional and sustainable nylon yarn solutions including the GRS-certified MIPAN regen recycled line and MIPAN regen robic, the first recycled high-tenacity nylon from reclaimed waste, sold to apparel and industrial fabric manufacturers.
• Performance Polyester Fibers HYOSUNG TNC's multi-function and sustainable polyester fiber line including recycled variants such as regen Polyester, essential to today's dynamic textile market and supplied to apparel brands and textile mills globally.
• Steel and Chemical Trading Global trading operations for steel products (hot-rolled, cold-rolled, galvanized, automotive steel) and chemical materials (synthetic fiber raw materials, synthetic resin products, biofuels), sold to industrial buyers under HYOSUNG TNC's Trading business division.
• Sevit Island and Gwangju Refrigerated Warehouse (Industrial Real Estate) HYOSUNG TNC's industrial real estate operations including the Sevit Island development and Gwangju Refrigerated Warehouse, generating service and rental income alongside the core textile and trading businesses.

Quantifiable outcome

• creora regen spandex reduces CO2 emissions by approximately two-thirds compared to conventional spandex (per third-party verified LCA)
• +2 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Twelve partnerships are on record, tiered flagship, core and minor.

• BBC StoryWorks Commercial ProductionsflagshipGTM or Marketing Partner · 13 May 2026Production of Fashion Redressed II documentary series exploring fashion industry sustainability transformations. Film follows sugarcane field to finished bio-based spandex journey.
• Global Fashion AgendaflagshipGTM or Marketing Partner · 5 May 2026Principal Sponsor of Global Fashion Summit 2026 in Copenhagen. Participation in panel discussions, leadership roundtables, and Innovation Forum presence. Co-production of Fashion Redressed II video series with BBC StoryWorks.
• Lenzing GroupcoreStrategic or Co-development Partner · 4 November 2025Collaboration announced November 2025 for sustainable yoga collection combining Hyosung's regen sustainable fibers with Lenzing's cellulosic fibers. Joint marketing at Performance Days and product development for sustainable activewear and yoga wear.
• ELITe (Ester Loop Infinite Technologies)coreStrategic or Co-development Partner · 24 September 2025Joint venture between Ester Industries (India) and Loop Industries (Canada) partnered with Hyosung TNC to convert recycled polyester into performance yarns under Regen brand. Strategic alliance to expand circular polyester adoption.
• Loop IndustriescoreTechnology or Integration · 20 September 2025Partnership to convert textile waste into materials for global apparel brands using Loop's patented depolymerization technology to produce rDMT, rMEG, and rPET resin converted to performance yarns under Hyosung's Regen brand.
• PleatsmamaminorStrategic or Co-development Partner · 24 February 2025Three-way collaboration with Hyosung and Loop Industries to pioneer circular fashion with Infinite Loop textile-to-textile recycling technology.
• AmbercyclecoreStrategic or Co-development Partner · 12 June 2024Partnership to scale decarbonized, circular polyester by combining Hyosung's fiber manufacturing expertise with Ambercycle's textile-to-textile recycling technology for producing circular polyester fibers.
• GenocoreTechnology or Integration · 1 May 2024Partnership for development of certified regen BIO Spandex using Geno's bio-based 1,4-butanediol (Geno Bio-BDO) technology. $1B invested in creating world's first integrated production of BIO Spandex from raw material to fiber.
• Textile ExchangecoreGTM or Marketing PartnerPartner-level member of Textile Exchange, supporting industry sustainability goals and standards development for preferred fibers and materials.
• VIVE StandardcoreTechnology or IntegrationVerification program for sugarcane feedstock used in bio-based spandex production, ensuring sustainable sourcing credentials for brands.
• IKARminorStrategic or Co-development PartnerCollaboration on CREORA EasyFlex Elastane seamless bodywear collection for Performance Days Munich 2026.
• Surfers Against SewageminorGTM or Marketing PartnerOcean network partnership for ocean protection initiatives and awareness campaigns related to ocean plastic pollution.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Others

• Shenghong Group:

Direct peers

• Far Eastern New Century: Taiwan-based polyester and recycled-fiber producer with significant rPET and recycled polyester offerings under TopGreen and other brands. Competes with Hyosung in regen polyester and sustainable fiber segments.
• Indorama Ventures: World's largest PET producer with a significant recycled-PET (rPET) fiber business under brands like Deja. Direct competitor in regen polyester and a potential rival for sustainable feedstock.
• Asahi Kasei: Japan-based materials manufacturer and direct competitor with Roica spandex/elastane, plus synthetic fibers and performance materials targeting the same apparel, intimates, and sportswear customers as Hyosung's CREORA portfolio.
• Teijin: Japanese materials company producing polyester fibers, aramid, and carbon fiber with growing sustainable and recycled textile offerings. Competes with Hyosung in performance polyester and nylon markets.
• Invista: Owner of the Lycra spandex brand and a major nylon (Cordura) producer. Direct competitor in stretch fibers and performance nylon, serving the same apparel and activewear OEMs as Hyosung TNC.
• Toray Industries: Global manufacturer of synthetic fibers including polyester, nylon, and spandex (Lycra competitor). Competes directly with Hyosung in performance and sustainable textile fibers across apparel and industrial end-uses.

Regional players

• Kolon Industries: Korean chemicals and materials company with industrial fiber and film businesses. Regional Korean peer with overlapping specialty fiber exposure and similar chaebol-era industrial DNA to Hyosung.

Emerging players

• Lenzing Group: Austrian leader in sustainable cellulosic fibers (Tencel, Lenzing Ecovero). Both partner and adjacent competitor — Hyosung's recent collaboration with Lenzing for yoga wear shows overlap in sustainable activewear fibers.

Broad incumbents

• Reliance Industries: India-based conglomerate with one of the world's largest polyester and textile businesses (Recron, R|Elan). Competes broadly with Hyosung's polyester yarn and sustainable fiber portfolio, especially in Asian markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCvBFyIAN9nmGmfin6R5eq0w
• LinkedInlinkedin.com/company/hyosung-performance-textiles
• Instagraminstagram.com/hyosung_textiles

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HYOSUNG TNC