Hyosung Corp. history, profile and corporate video
Hyosung Corp. engages in a variety of industrial and technology areas. It operates through the following business areas: Industrial Materials, Textile, Chemicals, Construction, Trading, Information, Communication, Power and Industrial Systems. The Industrial Materials business area handles tire cord production facility, technical yarns, carpets, and aramids. The Textile business area provides spandex, polyester, nylon yarns textiles and dyed products. The Chemicals business area exports such as terephthalic acid, polypropylene and other chemicals. The Construction business area provides services such as reconstruction, redevelopment commercial, office facilities, civil works, environment works and social overhead capital business. The Trading business area offers trading service mainly based on its steel and chemical business. The Information and Communication business area offers products such as automated banking machines, data storage, mobile solutions, content delivery network and light-emitting diode. The Power and Industrial Systems business area manages transformers, switch gears motors, industrial pumps and wind energy. The company was founded on November 3, 1966 and is headquartered in Seoul, South Korea.“
“Hyosung History
2011. 07/01 Hyosung Wire Luxembourg S.A., 8 route de Bissen L-7759 Roost, Luxembourg
2010. Completed a steel cord plant in Vietnam; established a plant in Brazil and made an MOU; exported gear boxes for wind power turbines to India’s Ghodawat Energy Ltd; made a contract for the electric power business in Qatar
2009. Announced Hyosung Way; work for the Aramid Plant completed; work for the TAC film plant completed; StarLease Co., Ltd. and Hyosung Capital merged; obtained the international certification for the 2 MW/750 kW Wind power turbine system from DEWI-OCC; launched Hyosung Toyota; obtained the GRS for the eco-friendly recycle yarn
2008. Work for the Spandex Plant in Turkey completed; work for the spandex / tire cord plant in Vietnam completed; expanded the Nantong Hyosung Transformer Co., Ltd. factory in China; acquired Chinhung International, Inc.
2007. Acquired StarLease Co., Ltd; work for the NF3 factory completed; built facility for anti-bacterial filled PET bottles; construction of a #1 solar power system was completed; exceeded KRW 5 trillion in sales for Hyosung Co., Ltd.
2006. Contracted with Goodyear for the long-term supply of Tire Cords and Contracted to take over four Factories around the World; acquired an Agfa photo production facility inGermany; acquired the Nantong Hyosung Transformer Co., Ltd. in China; acquired Dongguk Trade’s spandex factory in China
2005. Work for the nylon film plant in Jiaxing, China completed
2004. Completed work for the spandex plant in Zhuhai, China; completed work for the transformer plant in Baoding, China; completed work for the tire cord plant in Jiaxing, China; signed a supply contract for 750 kV switchgear with Northwest Street Power Grid Corp, China; expanded the nylon film facilities at the Gumi 1 factory
2003. The Class Hyosung was established, Hyosung Spandex (Guangdong) Co., Ltd was established in Guangdong Province, China; Hyosung Film (Jiaxing) Co., Ltd was established in Zhejiang Province, China
2002. Took over the Tire Cord Plant of Michelin in Scottsville, U.S.A.; Aerocool was selected as one of the world’s best products.
2001. Adopted ERP; established the Spandex Plant in China; concluded a contract with Beijing Coca Cola for the long-term supply of PET bottles
2000. Established the spandex plant in Gumi
1999. Acquired Korean Trade (KT) marks for the Hyosung Computer, Ultra High Voltage GIS (Gas Insulated Switchgear), and Polyester Fiber (Aerocool)
1998. T&C, Trading Company, Life Industry, and Heavy Industry all merged into Hyosung Co., Ltd.; developed 800 kV GIS, a first in Korea, and only the 3rd time Globally
1996. Established the nylon film plant in Daejeon
1995. Established PET bottle company in China; established the tile carpet plant in Daejeon
1990. Entered the spandex Business
1989. Entered the PP and propylene business; established Hyosung EBARA Co., Ltd.
1983. Developed a microfiber that combines Nylon and Polyester
1979. Started producing PET bottles at the Eonyang Plant
1977. Established the heavy industry plant in Changwon
1975. Acquired Hanyoung Industries Co., Ltd. (formerly Hyosung Heavy Industry)
1973. Established Tongyang Polyester Co., Ltd.; established Tongyang Dyeing Co., Ltd.
1972. Exported tire cords to Southeast Asian countries for the first time
1971. Established R&DB Labs, a first in Korea
1968. Completed the Ulsan plant
1957. Hyosung Corporation founded”
*Information from Forbes.com and Wikipedia.org
**Video published on YouTube by “효성TV“