South Korea Xiaoxing plans to set up a new plant in Brazil, which will become the largest spandex producer.
South Korea Xiaoxing Co., Ltd. plans to invest $1billion in Brazil to build a new spandex plant, and signed a memorandum of cooperation with Pakistan. It is reported that the plant will be built in the Brazilian state of Santa Catalina, with an initial plan to produce about 10000 tons of spandex per year, and is expected to be officially put into production next year. Because Xiaoxing spandex wants to become the largest spandex producer in South America, it plans to continue to invest in serving users in the future, so as to achieve the goal of an annual total output of 20000 tons of spandex
"The reason why we invest in Brazil is that we recognize the growth potential of the South American continent, especially the importance of Brazil in the global textile industry in the future. This new factory will better meet the needs of customers in this region with product innovation, reliable service and delivery time. We believe that with domestic technology such as discovery loosening technology and the world-class creora patented manufacturer, according to the estimated maximum load technology, we will be customers The continuous growth and prosperity of households provide a perfect combination of innovation and cost competitiveness, which is very important in the production of products that do not cost much more than before. " Huang Yunyan, President of Korea's Xiaoxing spandex division, said, "with the full launch of this investment, our Xiaoxing is expected to become the largest spandex producer in South America and consolidate our vision of becoming a global leader in spandex."
in addition, this investment, like previous investments in Turkey, Vietnam and China, shows Xiaoxing's firm commitment to the textile industry
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