Hyosung TNC Invests $1 Billion in Future "Bio" Business [Yahoo! Finance]
L'OREAL UNSP/ADR (LRLCY)
NASDAQ:AMEX Investor Relations:
loreal-finance.com/eng
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Source: Yahoo! Finance
Replacing fossil raw materials with those from sugarcane, entering the bio raw material market Applications across various industrial sectors including textiles (PTMG, a raw material for spandex), engineering plastics, and biodegradable plastics, etc. Upon completion, it will be the world's first fully-integrated production system for bio-spandex "from raw material to fiber" The future plants will be powered by Geno, US-based sustainable materials and technology leader, further unlocking deployment of its GENO BDO™ technology at scale Geno's proven technology enables Hyosung TNC to fast track their project and unlocks the production and selling of Bio-BDO with an annual capacity of 50,000 tons in the first half of 2026. A rapidly changing marketplace with focus on sustainable fiber - proactively responding with a differentiated value proposition of superior sustainability Chairman Hyun-Joon Cho states, "The bio business will become a core pillar of Hyosung for the next 10
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