IRAN SEES FIRST MAJOR SOUTH KOREAN TEXTILE INVESTMENT PLEDGE
May 1st, 2016
South Korean spandex-manufacturer TK Chemical Corp, an affiliate of the SM Group conglomerate, yesterday (May 26) confirmed to just-style that it will build a 10,000-tonne-a-year spandex plant with an initial investment of South Korean Won KRW80 billion (USD68 million) in Iran. The announcement was the first major fixed assets investment pledge by a South Korean textile company following an ice-breaking state visit to Iranian capital Tehran by South Korean President Park Geun-hye, May 1-3. TK Chemical, which has been exporting spandex to Iran since 2001, now sees ...
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