Hyosung to Build Its First Tire-Cord Plant in India
HS Hyosung Advanced Materials has announced plans to establish its first polyester tire-cord plant in India, setting up a new subsidiary, HS Hyosung India Private Ltd., in Nagpur, Maharashtra. The company is investing US$30 million (around €26 million) in the facility. European Rubber Journal
Hyosung has secured a 230,000 sq m plot in the Nagpur Industrial Complex and expects to complete the plant by 2027. The move is part of Hyosung’s strategy to tap into growing domestic and global demand for tire-cord materials and to diversify its manufacturing footprint.
As India becomes the world’s third-largest automotive market, Hyosung says local sourcing of tire-reinforcement materials like tire cord is becoming more important. The new plant is expected to serve not just the Indian market but also become a key export hub.
Hyosung claims to be the global leader in polyester tire cord, holding about 50% of the global market. It already has production facilities in Vietnam, China, and the U.S., and this new Indian plant will further strengthen its supply chain.
Beyond tire cord, Hyosung is also considering future expansion into airbag fabrics and other advanced material lines at the Nagpur site.
Editor’s View
Hyosung’s decision to build a tire-cord plant in India is a smart bet on the country’s booming automotive market. As tire production grows locally, especially among EVs and commercial vehicles, having a domestic source for reinforcement materials like polyester tire cord becomes a big advantage. It gives tire makers a more reliable, lower-cost supply chain and helps Hyosung reduce its exposure to geopolitical risks in other regions.
For the tyre industry, this could be a turning point. Reinforcement materials account for a significant part of a tire’s strength and durability, and locally made cords could mean faster turnaround times, localized innovation, and maybe even more competitive tyre pricing. Hyosung’s move also signals that global material suppliers see India not just as a market, but as a production hub, which could spark more upstream investment in textile- and rubber-based raw materials.
