Core Insights - The Lycra Company has established a new spandex plant in Ningxia Province, China, emphasizing its commitment to local supply and distribution networks while enhancing smart manufacturing capabilities [1][3] - China is strategically significant for The Lycra Company, accounting for over 50% of the global apparel production market, allowing the company to optimize its product mix and meet rising demand for quality spandex [1][2] Investment and Capacity - The new facility represents a total investment of RMB800 million (approximately $112 million) and is developed in collaboration with the Yinchuan Financial Capital Investment Group [2] - In its initial phase, the plant will add 30,000 tons of spandex production capacity, generating an annual output exceeding RMB1 billion and creating around 500 jobs [2][3] Future Expansion - The plant is expected to expand production capacity to 120,000 tons annually to meet the increasing demand for high-quality spandex in China and the Asia-Pacific region, facilitating faster and more flexible supply chain solutions [3] - This facility is The Lycra Company's second in China, integrating expert management teams and global R&D capabilities to create a highly automated and intelligent production ecosystem [3] Sustainability Initiatives - Production at the Yinchuan facility aligns with The Lycra Company's sustainability framework, focusing on energy savings, emission reductions, and advanced manufacturing processes to link business growth with environmental responsibility [4]