The hottest Korean company will invest and build a

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Korean company will invest in building polyester fiber factory in Jiaxing. Hyosung, the largest textile company in South Korea, will invest US $30million to build a polyester fiber processing plant in China to expand its share in this rapidly developing market in China

According to the spokesman of Hyosung company, the plant will be built in Jiaxing, Zhejiang Province, with an annual production capacity of 11000 tons of polyester yarn. The new plant is scheduled to be completed and put into operation in March 2003.

it is reported that the company has invested US $130million in China to build a spandex chemical fiber plant, which has been partially put into operation and read back to users

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