Established in 1966, Hyosung Co., Ltd. is a core industry in the fields of chemical industry, fiber, heavy industry, trade, and intelligence. Among them, tire cord fabrics rank first in the world and spandex ranks second in the world. Hyosung has more than 30 overseas subsidiaries in the world, including offices in Beijing, Shanghai, Chongqing, Guangzhou and Qingdao, and a number of large-scale production enterprises in Beijing, Jiaxing, Zhuhai and Qingdao. Fiber, heavy industry and many other fields.
       Since 1999, Hyosung Co., Ltd. has established Hyosung Spandex (Jiaxing) Co., Ltd., Hyosung Chemical Fiber (Jiaxing) Co., Ltd. and Hyosung International Trade (Jiaxing) Co., Ltd. in Jiaxing Economic Development Zone. The total investment is: 132 million US dollars, 279 million US dollars, 1.428 million US dollars, mainly engaged in the production and sales of spandex, tire cord fabric, differential fiber yarn, polyester industrial yarn, nylon film. At present, the total investment of Hyosung Group in Jiaxing Economic Development Zone exceeds 400 million US dollars.