Enhancing Competitiveness in Overseas Markets

Hyosung chairman Cho Hyun-jun has met leaders of the target foreign countries, including Indian Prime Minister Narendra Modi and Vietnamese Prime Minister Nguyen Xuan, to seek cooperation for the company's global expansion.

Hyosung T&C announced on Sept. 19 that it has turned its spandex factories in Dongnai, Vietnam and Quzhou, Jiaxing, Guangdong, and Zhuhai in China, into "smart factories."

Hyosung ITX, a company specializing in information and communication technology (ICT), led this smart factory construction. Hyosung ITX established a standard data collection and data management system after an on-site inspection of each factory to provide a system that monitors data management and controls the process automatically.

In particular, last month, Hyosung ITX successfully supplied Bot Plus (BOT +) solution, which can detect the quality defects in the manufacturing process by combining the big data analysis optimized for Hyosung T&C spandex factories and the smart sensor.

This enabled Hyosung T&C to monitor the status of factories around the world in real time, providing a production environment, in which factories can now mass produce the same quality products. Hyosung T&C plans to maximize efficiency of the factories by collecting, analyzing, and managing the data from all aspects of production, from raw material importation to production and shipments.

From the construction of the smart factory, Hyosung's reputation as the global leader in the spandex market is expected to rise. Hyosung T&C plans to further increase its supply by constructing more spandex factories in foreign countries, including India, next year. Meanwhile, Hyosung chairman Cho Hyun-jun has been showing bold moves to expand the company's presence in the global markets. He has met leaders of the target foreign countries, including Indian Prime Minister Narendra Modi and Vietnamese Prime Minister Nguyen Xuan, to seek cooperation.

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