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HS HYOSUNG ADVANCED MATERIALS Signs Long-Term Supply MOU with Tata Steel (Thailand) for Lower-Carbon Steel Wire Materials
HS HYOSUNG ADVANCED MATERIALS signed a memorandum of understanding (MOU) with Tata Steel (Thailand) on June 18th for the procurement of lower-carbon steel wire materials.
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[{"type":"list","items":[{"val":[{"type":"text","content":"Strategic raw material agreement supports the plan to triple eco-friendly steel tire cord sales by 2027","length":103,"tagName":"p"}]},{"val":[{"type":"text","content":"Expands sustainable product portfolio to align with global tire manufacturers' low-carbon sourcing goals","length":108,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":211,"olType":false},{"type":"text","content":"SEOUL, South Korea, June 18, 2025 /PRNewswire/ -- HS HYOSUNG ADVANCED MATERIALS signed a memorandum of understanding (MOU) with Tata Steel (Thailand) on June 18th for the procurement of lower-carbon steel wire materials.","length":225,"tagName":"p"},{"type":"image","alt":"Nak Yang Seong (left), CEO of HS HYOSUNG ADVANCED MATERIALS, and Mr. Tarun Daga (right), CEO of Tata Steel (Thailand), are posing for a commemorative photo after signing an MOU regarding the long-term purchase of eco-friendly steel raw materials.","displaySize":"","headline":null,"caption":"Nak Yang Seong (left), CEO of HS HYOSUNG ADVANCED MATERIALS, and Mr. Tarun Daga (right), CEO of Tata Steel (Thailand), are posing for a commemorative photo after signing an MOU regarding the long-term purchase of eco-friendly steel raw materials.","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":292,"url":"https://media.zenfs.com/en/prnewswire.com/9971bf95adfd6d940eea5ef9d7e127e1"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/8lGDBOwZ8YZMm1u3wOuTWA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTUxNTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/9971bf95adfd6d940eea5ef9d7e127e1","width":400,"height":292}},"href":"https://mma.prnewswire.com/media/2713846/HS__________________________CEO______________________________MOU.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Under the agreement, HS HYOSUNG ADVANCED MATERIALS will secure a reliable supply of low-emission steel wire materials required for the production of steel tire cord. Tata Steel (Thailand), a subsidiary of India's Tata Group, uses electric arc furnace (EAF) technology to produce steel from recycled scrap metal. Compared to traditional blast furnace operations, EAF production achieves significantly higher energy efficiency and reduces carbon emissions by approximately 60%. By utilizing these materials as raw inputs, HS HYO...