Hyosung Spandex (Ningxia) Co., Ltd. is located in Ningdong Energy and Chemical Base

Foreign investment company Hyosung Spandex (Ningxia) Co., Ltd. is located in Ningdong Energy and Chemical Base, jointly funded and built by Hyosung TNC of South Korea and Hyosung Company of Turkey, with a total investment of 12 billion yuan and 360kt/year of spandex and 300kt/year of polytetrahydrofuran (PTMEG) capacity, with an estimated annual sales income of 10.2 billion yuan after it is completed and put into production.