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Brief History

Continuous growth and challenge that created the history of innovation

Our History

Towards a global leader2010 ~ Present

  • 2018
    December
    Received a commendation for excellent volunteer service in 2018 from the Seocho City Office
    Certified as the Best Family-Friendly Management of 2018 by the Ministry of Gender Equality and Family
    November
    Established a new tire cord manufacturing unit in Quang Nam Province, Vietnam
    August
    Expansion of carpet weaving capacity in Qingdao, China
    Held the joint corporate - IR session, “Corporate Day”
    Expansion of nylon tire cord facilities in Vietnam
    July
    Hyosung Advanced Materials was listed on the KOSPI (July 13)
    June
    Hyosung Advanced Materials was established (June 1)
  • 2017
    September
    Built a facility for production of yarns for carpets within the Ulsan Plant site
    Created an organization devoted to substantiation of smart factories
    Completed a new GST factory in Torreon, Mexico
    June
    Established Smart factory in Vietnam factory
  • 2016
    March
    Completed a factory for automotive carpets in Qingdao, China
  • 2015
    December
    Opened an incubator for carbon startups within its Jeonju site
    November
    Concluded an MOU with Jeonbuk on support for nurturing of specialty businesses
    August
    Expanded its GST site in Romania
    March
    Awarded a prize for innovation at JEC 2015, the world's largest fair for composite materials Launched a factory in Dong Nai, Vietnam
  • 2014
    November
    Recognized at Korea's technology awards with TANSOME® and selected as a provider of one of Korea's top 10 new technologies
  • 2013
    December
    Received an internationally accepted 'Carbon Balloon Label Certificate' in tire reinforcement
    May
    Completed a carbon fiber plant in Jeonju
    Commercialized high strength and intermediate modulus carbon fiber (TANSOME®) that it had developed first in Korea
    April
    Completed a GST factory in Changshu, China
  • 2011
    August
    Acquired 100% shares of Global Safety Textiles (GST), the then number one supplier of airbag fabrics in the world
    June
    Became the first in Korea to develop high performance carbon fiber based on its proprietary technology
    Concluded a long-term agreement with Goodyear of U.S. on supply of steel cord worth $1.8 billion and acquired two production plants

Towards an industry leader1990 ~ 2009

  • 2009
    August
    Commercialized aramid yarn (ALKEX®)
    March
    Launched a plant for automotive carpets in Decatur
  • 2007
    July
    Launched a tire cord plant in Vietnam
  • 2006
    March
    Concluded a long-term agreement with Goodyear of U.S. on supply of tire cord worth $3.2 billion and acquired four production plants
  • 2005
    July
    Concluded a long-term agreement with Michelin of U.S. on supply of steel cord worth $650 million and acquired a production plant
    May
    Completed a plant for industrial yarns in Jiaxing, China
    January
    Endorsed as a manufacturer of world class product of korea with 'yarn for tire reinforcement'
  • 2004
    December
    Tire & Industrial Reinforcements PU completed a steel cord plant in Qingdao, China
    July
    Textile research institute and Technical Yarn PU became Korea's first to develop vinyl fiber PVA
    May
    Hyosung Innotech PU developed S-GREEN, eco-friendly material for interior finishing
    April
    Tire & Industrial Reinforcements PU completed a tire cord plant in Jiaxing, China
  • 2003
    December
    Developed PEN tire cord
    Developed Lyocell tire cord
    October
    Opened Hyosung Steelcord (Qingdao) Co., Ltd., a local entity, in Qingdao, Shandong Province, China
    September
    The Ulsan Plant of Tire & Industrial Reinforcements PU became the first in Korea to receive ISO/TS 16949 : 2002 certificate
    August
    Opened Hyosung Chemical Fiber (Jiaxing) Co., Ltd. in the economic development district in Jiaxing, Zhejiang
    March
    Completed a production plant for polyester industrial yarn in Jiaxing, China
    Opened Hyosung Tire Cord(Jiaxing) Co., Ltd. in Jiaxing
  • 2002
    November
    Concluded a long-term agreement with Michelin of U.S. on supply of tire cord worth $350 million and acquired a production plant
    January
    Won at a patent lawsuit against Honeywell on tire reinforcement
  • 2001
    May
    Became the world's first to commercialize top end PTT carpet and received IR52 Jang Young Sil Award for it
  • 2000
    July
    Had the world's largest production capacity for polyester tire cord
  • 1997
    August
    Concluded an agreement with Tokyo Rope of Japan on transfer of steel cord technology
  • 1996
    June
    Became Korea's first to develop nylon yarn for airbags
    February
    Started to supply automotive option mats for the entire Hyundai passenger car line-up.
  • 1995
    July
    Tongyang Nylon Co., Ltd. expanded its steel cord production to 2,500 tons per month through SS-2 project Developed and started producing high strength steel cord for trucks and buses
    Developed and started producing high strength steel cord for trucks and buses
    March
    Completed a tile carpet plant in Daejeon
  • 1994
    January
    Tongyang Nylon's central research institute developed an antimicrobial and deodorizing carpet
  • 1993
    December
    Commercialized Nylon 66 tire cord

Building a foundation for chemical fiber business1960 ~ 1989

  • 1989
    October
    Started production of polyester low shrinkage yarn and commercialized nylon high tenacity yarn
    April
    Tongyang Nylon opened an office in Eonyang (currently Steel Wire Technical Center)
  • 1988
    December
    Started export of option mats for automobiles to ITOCHU Corporation of Japan
  • 1987
    December
    Sold over 100 billion won of tire cord a year
    May
    Started production and sale of steel cord
    April
    Completed production units for bead wire and steel cord within the Eonyang Plant
  • 1986
    November
    Swan Carpet received Q mark from the FITI Test Institute
    March
    Entered into a partnership with Heungkuk steel of Japan for transfer of steel cord technology
  • 1983
    October
    Exported technology to manufacture tire cord to India
    June
    Received quality certification for its high tenacity bead wire from Goodyear, Firestone and Goodrich
    February
    Tongyang Nylon completed production facility for BCF carpet
  • 1980
    November
    Developed industrial yarns including yarns for tarpaulin and sewing thread
    August
    Received quality certification for its bead wire from Firestone and General Tire
  • 1979
    April
    Started steel wire business for tire reinforcement
    February
    Became Korea's first to commercialize polyester tire cord
  • 1978
    October
    Became Korea's first to develop polyester tire cord
  • 1977
    July
    Became Korea's first to develop BCF yarn for carpets
  • 1976
    April
    Received quality certification from Goodyear
  • 1975
    April
    Received quality certification from General Tire, Goodrich and Yokohama
  • 1974
    July
    Tongyang Nylon received quality certification for its tire cord from Firestone
  • 1973
    June
    Succeeded in producing globally competitive (9.3g/d), high tenacity tire cord yarn based on its proprietary technology
  • 1972
    September
    Southeast Asia became the first destination for the company to export its tire cord
  • 1968
    June
    Became Korea's first to produce tire cord
  • 1966
    May
    Completed a tire cord plant in Ulsan

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