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Executives and local dignitaries gathered to celebrate the grand opening of The LYCRA Company's state-of-the-art spandex manufacturing facility in Yinchuan, China, on November 7, marking a significant milestone in regional investment and the company's strong commitment to developing localized supply and distribution networks.

With a total investment of more than RMB 800 million, the Yinchuan facility is being developed in partnership with The LYCRA Company and Yinchuan Financial Capital Investment Group. In its initial phase, the plant will add 30,000 tons of spandex production capacity, generating an annual output of over RMB 1 billion and creating approximately 500 jobs. Looking ahead, capacity is expected to expand to 120,000 tons annually, addressing the growing demand for high-quality spandex across China and the Asia-Pacific region, while enabling faster, more flexible supply chain solutions.

As The LYCRA Company's second production site in China, the Yinchuan facility brings together the company's expert management teams and global R&D capabilities to establish a highly automated, intelligent production ecosystem. Production at the Yinchuan facility will align with the company's sustainability framework, driving energy savings, reducing emissions, and advancing manufacturing processes, ensuring that business growth and environmental responsibility remain inextricably linked.

"China is strategically important, representing over 50% of the global apparel production market, and this partnership enables us to optimize our product mix more broadly while meeting the increase in demand for quality spandex," said Gary Smith, CEO of The LYCRA Company. "I would like to express my gratitude to the local authorities and all our partners for their support and commitment."

About The LYCRA Company

The LYCRA Company innovates and produces fiber and technology solutions for the apparel and personal care industries and owns the leading consumer brands: LYCRA(R), LYCRA HyFit(R), LYCRA(R) T400(R), COOLMAX(R), THERMOLITE(R), ELASPAN(R), SUPPLEX(R) and TACTEL(R). Headquartered in Wilmington, Delaware, U.S., The LYCRA Company is recognized worldwide for its sustainable products, technical expertise, and marketing support. The LYCRA Company focuses on adding value to its customers' products by developing unique innovations designed to meet the consumer's need for comfort and lasting performance. For more information, visit thelycracompany.com.

LYCRA(R) is a trademark of The LYCRA Company.

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