NEW YORK — Hyosung Corp. has named former Invista executive Gregory Vas Nunes as president of its Creora spandex business in Europe and the Americas.

Vas Nunes, 46, last served as vice president of Invista’s Asia-Pacific apparel business.

Hyosung will move its spandex division’s marketing function from Seoul, South Korea, to New York, where Vas Nunes will be based. He began his new position last month and reports to Hyosung’s global president, H.T. Cho.

“We have met our first phase goals for business and now must take the next step toward globalization,” Cho said in a statement.

The company, which has the capacity to produce more than 50,000 tons of spandex, maintains sales and marketing offices in 15 countries.

“We must go beyond our current technical and operations expertise and use more sophisticated sales and market skills to deliver against our customers’ unmet needs,” Cho said. “We will build or acquire manufacturing assets in all regions of the world in the coming years, with initial focus on Europe.”

This story first appeared in the February 22, 2005 issue of WWD. Subscribe Today.