Excerpt:

… Hyosung constructed a nitrogen trifluoride plant with the capacity of 13 million tons in March and a spandex plant with the capacity of 16,000 tons in May, both in Quzhou County, China. Nitrogen trifluoride is gas used to etch silicon wafers. Hyosung’s advance to China was what Cho Hyun Joon Chairman intended. Hyosung Cho Hyun Joon Chairman said, “We must target the Chinese market first to be the world No. 1 in spandex business.” He formed Team Project C in the late 1990s and led its penetration into the market. C stands for China. “China subsidiaries carry out localization strategy by appointing local employees to major positions across all business processes including production, marketing and purchase,” a Hyosung official said. “They have served as a role model for all other Hyosung production bases built worldwide later.”

*Original article titled, Hyosung Cho Hyun Joon Chairman Targets the Global Market with ICT and Localization, online at http://www.businesswire.com/news/home/20170920006432/en/Hyosung-Cho-Hyun-Joon-Chairman-Targets-Global

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