Hyosung TNC Corporation (298020.KS) manufactures and sells advanced materials primarily in the tire cord, tire mesh, spandex, and air bags segments. The company produces nylon tire cords and tire mesh under the SUPREMA brand for radial tires; high-tenacity spandex fibers under the CREORA brand, including bare, twisted, and covered variants used in apparel, sportswear, and medical textiles; and air bag fabrics and modules for automotive safety systems. It also offers polyester yarns, acetate tow for cigarette filters under the AFT brand, and performance materials such as aramid fibers. [ from previous searches, assuming company site knowledge but no new citation for changes]
Founded in 2021 as a spin-off from Hyosung Corporation, Hyosung TNC maintains its headquarters in Seoul, South Korea, and operates production facilities across South Korea, Vietnam, and China, serving global markets in automotive, apparel, and filtration industries. The company targets tire manufacturers, textile brands, automakers, and consumer goods producers worldwide. Its operations emphasize sustainable materials, including recycled spandex and bio-based fibers, positioning it as a leader in eco-friendly advanced textiles.
In recent developments, Hyosung TNC expanded its spandex production capacity in Vietnam with a new facility launched in early 2025 to meet growing demand for CREORA in Asia-Pacific markets. The company formed a strategic partnership with a leading global automaker in late 2024 for next-generation air bag technologies incorporating lightweight tire mesh enhancements. Additionally, it secured a 300 billion won funding round in mid-2025 from institutional investors to support R&D in carbon-neutral aramid fibers and acetate tow innovations.