HS Hyosung (487570) will establish an advanced materials production base in Mexico through a staged investment beginning in 2027, after signing a memorandum of understanding with the government of San Luis Potosi state. The agreement covers a large-scale facility intended to strengthen manufacturing and supply capacity for North America and other global markets. HS Hyosung Advanced Materials CEO Sung Nak-yang said the project would position Mexico as a forward base linking regional and global markets while supporting local supply chains and job creation. HS Hyosung produces materials for mobility, energy, aerospace and defense, and ranks first globally in tire cord. Its North American operations in Mexico and the United States already manufacture tire cord, airbags and mobility interior components for customers including General Motors.