S.Korea Hyosung wins $350 mln order from Michelin

Newswire

SEOUL, Nov 26 (Reuters) - South Korea's Hyosung Corp said on Tuesday it had won a $350 million order from French tyre maker Michelin to supply tyre cords. Hyosung, South Korea's largest textile company, said its U.S. unit Hyosung America Inc would make the delivery to Michelin's plant in Virginia. The first shipment under the seven-year contract is scheduled to begin next year, a Hyosung spokesman told Reuters. The South Korean company said in a statement it expected to increase its ...

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