UPDATE 1-S.Korea Hyosung wins $350 mln order from Michelin

Newswire

(Recasts, adds Hyosung comments, details, updates shares) SEOUL, Nov 26 (Reuters) - South Korea's Hyosung Corp said on Tuesday it had won a $350 million order from Michelin to supply tyre cords and agreed to acquire a U.S. plant from the French tyre maker for an unspecified amount. Hyosung , the world's largest polyester tyre cord maker, said in a statement its U.S. unit, Hyosung America Inc, would acquire Michelin's tyre cord plant in Virginia. It did not disclose the terms of the ...

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