Various stories of activities brought to you by Hyosung TNC
Regen (regen®), an environment-friendly fiber brand of Hyosung TNC, has joined hands with the Ministry of Environment (MOE), Jeju Province Development Co., etc. in order to expand the base of environment-friendly market using PET bottles. □ Hyosung TNC, MOE, and Jeju Province have signed an MOU for the establishment of a resources circulation system.Hyosung TNC has signed an MOU with the Ministry of Environment, Jeju Special Self-Governing Province, Jeju Province Development Co., and Pleatsmama on April 13 for the implementation of “Recycling for Rebirth,” an environment-friendly project. “Recycling for Rebirth” is a project aimed at the establishment of a Recycling Eco-system in the Jeju area. Jeju Province Development Co. will collect the PET bottles thrown away in Jeju Province, and Hyosung TNC will produce “Regen Jeju (regen®jeju),” a recycled fiber, using the collected PET bottles based on its recycled fiber manufacturing technology. Pleatsmama Co., Ltd., a startup company that makes environment-friendly bags, is going to produce the final products using the fiber. The bags are planned to be released on June 5. □ “Regen Jeju,” a recycled polyester product, will be made with the waste PET bottles thrown away in Jeju Province. Despite the rapid growth of the global environment-friendly fashion market, the PET bottles collected in Korea were recycled for use as packing materials, etc. rather than production of clothing. Since the fiber used for clothes has to be pulled out in a long length, recycled PET chips with foreign substances cannot be used for clothes. For this reason, the recycled PET materials used for clothes have been imported from Japan, Taiwan, etc. where a good recycling system is established. Samdasoo is going to secure the raw materials appropriate for clothes and bags by collecting waste PET bottles separately in Jeju Province. It is possible to make an environment-friendly bag with 16 pieces of 500ml PET bottles. Hyosung TNC and the Ministry of Environment expect the “Recycling for Rebirth” project to have the effect of import substitution of recycled plastic as well as increase the use of recycled items including PET bottles nationwide. □ Chairman Cho Hyun-joon “will expand eco-friendly businesses implementing Green Management Vision 2030.” “Hyosung has implemented company-wide environment-friendly management according to ‘Green Management Vision 2030.’ We will actively expand eco-friendly products including recycled low-carbon materials in all business divisions and develop new markets,” Hyosung Chairman Cho Hyun-joon said. Hyosung TNC developed Regen (regen®), a recycled eco-friendly polyester fiber, in 2008 for the first time in Korea. The company has also acquired Global Recycled Standard (GRS) certification in the same year for the first time in the world.
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Now, people can use athletic leisure masks fit for indoor and outdoor exercise and protect against COVID-19. On September 7, Hyosung TNC announced that it has introduced face masks made from antimicrobial fabrics devoid of bad odors by Andar, which is a leading athletic leisure brand.The masks which have been introduced to the market jointly by Hyosung TNC and Andar, allow you to breathe easier than with ordinary KF health masks. These masks include features such as being water proof, antimicrobial, and devoid of bad odors. Andar is known as a domestic brand that has brought about a whirlwind of athletic leisure trending looks. It has engaged in a new marketing campaign with MAMAMOO, a new group of hotshot female singers, as their ‘brand muse’. The government recently made wearing a face mask obligatory for people mingling with others both indoors and outdoors. Thus, there has been an increasing demand for good quality face masks with an inherent function (blocking respiratory droplets) while being easy to breathe and display an individuals’ personality. Andar has worked with Hyosung TNC on the development of materials used for the production of its products and uncovered functional materials made by Hyosung, which were fit for face masks. Commenting on the matter, an Andar official said, “Due to the spread of the pandemic, the demand for masks that can be worn conveniently in people’s everyday lives, including their workout sessions, have increased. We have come to collaborate with Hyosung TNC, known for its global, functional fabrics to make an environmentally-friendly, functional face mask.”For the face masks introduced to the market this time, the following fabrics made by Hyosung TNC were applied: spandex Creora® Fresh odorless, and featuring flexibility Fresh and polyester Aerosilver with good antimicrobial functions. The face masks are being supplied in seven colors including black, rose, and pink. They are washable and reusable. The fabrics made of Creora® Fresh are odorless, with neutralizing ammonia substances and reduces the pressure behind the ears thanks to spandex’s flexibility. Silver ion contained in Aerosilver functions as a defense against microbes. Commenting on the matter, Hyosung TNC President Kim Yong-seop said, “We will cope, flexibly with rapid changes in the market, with safe and convenient goods by listening to customer’s voices.” According to the Korea Research Institute for Fashion Industry (KRIFI), the domestic athletic leisure look market, whose sales stood at about KRW 500 billion in 2008, passed the mark of KRW 2 trillion in 2018, and have grown to KRW 3 trillion this year. The current trend is increasing the demand for fashion masks, as well as matching an individuals’ personality and being effective against diseases. Burberry and the Korea Football Association (KFA) have also introduced their fashion masks to the market.
Hyosung TNC has started supplying eco-friendly material to ‘Osprey’, which is the world’s No.1 backpack brand in the United States, as part of its plan to make a foray into the global eco-friendly textile markets. MIPAN®regen robic developed by Hyosung TNC is the world’s first eco-friendly heavy-duty nylon thread. It is a material made using recycled textile byproduct. It is light and excels in tearing intensity and durability of abrasion. Thus, it is fit for outdoor products like backpack, work clothes, or bathing suit. Recycled nylon fabrics are counted as the leading eco-friendly materials considering the fact that the production of every kilogram reduces greenhouse gases by 6 to 7kg.In the last quarter, Hyosung TNC started supplying MIPAN® regen robic to Osprey. Osprey plans to introduce ‘Talon / Tempest Series’, which is its flagship backpack line adopting MIPAN® regen robic, to the market next spring.At the ISPO, known as one of the world’s top 3 leading sports fairs, held in February 2019 in Munich, Germany, the American backpack manufacturer asked Hyosung TNC, which had supplied ordinary robic to it, to make an eco-friendly and heavy-duty product. After a little over a year of R&D, Hyosung TNC succeeded in the production of MIPAN® regen robic which could meet Osprey’s requirements.Looking at the Americas and Europe, which are premium markets, businesses’ demand for eco-friendly goods to be used in their products is increasing rapidly in connection with the need to enhance their corporate value. And the EU plans to adopt the Carbon Border Adjustment, which will impose carbon tax on imported goods releasing a lot of greenhouse gases.The global eco-friendly textile market is growing at the rate of about 10% a year and is expected to reach the $70 billion (=83 trillion won) mark by 2025.1) In step with such a trend, Hyosung TNC’s sales in eco-friendly textile has posted a higher than two-fold annual increase since 2017. The company plans to make forays into the global markets with its eco-friendly products such as MIPAN® regen (nylon), regen (polyester), and creora regen (spandex).Commenting on the matter, Hyosung Chairman Cho Hyun-Joon said, “Customers ask businesses for a high-level recognition and sense of responsibility related to environment. We at Hyosung will continue to expand products, materials, and business models that can realize eco-friendly values based on our Green Management Vision 2030.”Osprey is the world’s No.1 brand, whose global backpack market share comes to 43%. Its products are known for their lightness in weight and durability. Business observers say that it is differentiated from the other brands in the market in terms of innovativeness, use of environmentally friendly materials, the speed of developing new products, and high productivity.
The Hyosung Group donated KRW 300 million to the Korean Red Cross as relief fund for flood victims amid the long spell of rain and heavy downpour, which have caused damage to many households and cost many lives this summer.The fund has been paid by Hyosung Corporation as the holding company of the group, Hyosung TNC, Hyosung Heavy Industries, Hyosung Advanced Materials, and Hyosung Chemical. “We fully sympathize with the flood victims. We sincerely hope that this donation we made will help them get back on their feet,” Hyosung Chairman CHO Hyun-Joon said.
Representatives of the HYOSUNG Group delivered KRW 70 million in support fund on August 10 for a program run by the Jongno Women Resources Development Center for job-seeking women from less-privileged households, as the Group has done every year since 2013. The support fund is for the program for training school meal cooks, social welfare workers, and after-school caretakers. So far, 200-plus women have landed jobs with the help of this program. This year, the center is operating a new three-month program for training geriatric care workers along with after-care caretakers beginning August. Even after the completion of the program, the center’s staff continues to provide support including provision of information on businesses hiring employees until the trainees land jobs.“Geriatric care workers and after-school caretakers are the types of jobs welcomed in our society, where the areas of welfare are expanding. We sincerely hope that more women succeed in restarting their career through corporate support like ours and accomplish economic self-reliance,” a HYOSUNG official said.The HYOSUNG Group operates a wide variety of programs designed to help those from less-privileged households land jobs and join the economically active population. It also provides support for artists belonging to the Jamsil Art Studio (catering to artists with disabilities as the only one of its kind) of the Seoul Foundation for Arts and Culture and financial support for the improvement of job facilities for those with severe disabilities by operating as a subordinate organization of the Eden Welfare Foundation.