Hyosung TNC announced that it will expand the production scale of its spandex plant located in Santa Catarina in the southern part of Brazil by 10,000 tons by December next year through an investment of KRW 40 billion (approx. USD 36 million). Once the expansion is completed, the production capacity of the plant in Santa Catarina will increase to 22,000 tons totally, which is around double the current production capacity. This expansion was decided in line with a rapid rise in the demand for spandex, a synthetic fiber known for its exceptional stretch, as the sale of comfortable clothing, such as home wear and athleisure wear, increases in the Central and South American clothing market due to the spread of COVID-19. With the plant expansion, Hyosung TNC expects to not only meet the increasing demand in the American region but also preemptively respond to the post-COVID-19 era by solidifying its leadership from the competitors.