South Korea’s Hyosung TNC Corp hopes its textile business generate sales worth over 1 trillion won ($890 million) in the second quarter. As per reports, most of this demand will be boosted by spandex used in making protective face mask and sportswear.

In the first quarter of FY21, Hyosung TNC recorded sales worth 831.8 billion won from its textile business. The company hopes to generate more than 1 trillion won in revenue from this business in the second quarter as its spandex exports surged amid the global economic recovery. Since last year, Hyosung TNC started ramping up spandex yarn capacity at its Turkey and Brazil factories. The company plans to complete capacity expansion in the second half this year.

A comprehensive fiber manufacturer, Hyosung produces a majority of leading world-class products such as ‘creora, aerocool and askin’ throughout the fiber industry. The company manufactures and supplies nylon, polyester yarn, textiles, and dyed, processed fabric products, including the spandex brand ‘creora’ chosen by globally renowned brands in market segments such as lingerie, swimming suits and stockings.