HS Hyosung Expands North American Advanced Materials Business with Mexico as Key Base

Signing of Large-Scale Investment MOU with San Luis Potosi Starting in 2027

HS Hyosung is pushing forward with a large-scale investment in San Luis Potosi, Mexico, as it expands its global advanced materials business with a focus on North America.

HS Hyosung announced on the 27th that, on the 25th (local time), during the Korea-Mexico Economic Delegation's visit to Mexico, the company signed an investment memorandum of understanding (MOU) with the government of San Luis Potosi at the World Trade Center in Mexico City to promote a large-scale local production base investment starting next year.

HS Hyosung Advanced Materials and Mexican officials are taking a commemorative photo after signing a memorandum of understanding. From left to right: Kim Jungkwan, Minister of Trade, Industry, and Energy; Sung Nakyang, CEO of HS Hyosung Advanced Materials; Mario Garcia Valdes, Minister of Economic Development of San Luis Potosi; Marcelo Ebrard, Minister of Economy of Mexico.

Under this agreement, HS Hyosung will gradually expand its investment in San Luis Potosi, establishing a production hub for advanced materials and strengthening its production and supply infrastructure targeting the North American and global markets.

The signing ceremony was attended by Marcelo Ebrard, Minister of Economy of Mexico, and Mario Garcia Valdez, Minister of Economic Development of San Luis Potosi, reaffirming their willingness to cooperate on HS Hyosung's investment and local business expansion in Mexico. HS Hyosung also held a separate meeting with Minister Marcelo Ebrard to discuss the local investment plan and future business expansion strategies.

HS Hyosung produces advanced materials for sectors including mobility, energy, aerospace, and defense, with tire cords—a world-leading product—at the forefront. In North America, including Mexico and the United States, it manufactures tire cords, airbags, and mobility interiors, supplying major global companies such as GM and Goodyear, thereby contributing to the establishment of a stable global supply chain.

Nak Yang Sung, CEO of HS Hyosung Advanced Materials, stated, "This investment is a strategy to foster Mexico not just as a production base, but as a key outpost connecting North America and the global market. By strengthening the local supply chain and creating jobs in Mexico, we will also contribute to the development of the local industrial ecosystem."

This content was produced with the assistance of AI translation services.