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Korean elastane firms on the move?

London-Asia Pulse, an Australian news agency, highlights a 16 Nov. report in China Textile News which claims that South Korean urethane-based elastomeric fibre makers are moving to China in a bid to maintain their competitive edge.The China Textile News report cites Hyosung Corp., SK Chemicals Co. Ltd, and Tae Kwang Chemical Industry Co. Ltd, as firms that have shifted production to other Asian countries or come to China to set up joint ventures.”

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