Tire-cord major Hyosung claims market-share gains

Seoul – Hyosung Advanced Materials Corp. (HAMC) has increased its share of tire cord markets in India, Indonesia, Thailand, and Vietnam to 40% from 22% in 2016, the company has recently announced.

HAMC linked the progress – including a six-fold rise in its number of major customer-companies to 12 – to its provision of products tailored to local needs as well as technical know-how.

For example, it said, in India the market requires highly durable products with high-strength tire cords due to the poor road conditions. Optimised…

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