From Tire Review comes news that Xingda International Holdings, a producer of radial tyre cord and bead wire based in Jiangsu Province, China, is expanding its capacity for high performance tyre cord by 40,000 to 50,000 tons per year in each of the next three years at the company’s Factory No. 8.
Below is a copy of the company’s 2006 financial results. Details on the company’s expansion plans are on slide 17.
Here is the press release on the results and expansion project.
From the Tire Review article:
At the end of 2007 the company’s radial cord capacity stood at 237,100 tons, a 22.2% increase over 2006, the company reported in its annual statement. The utilisation rate of this tyre cord was 84%, only marginally lower than the year before. The Jiangsu Province-based firm aims to reach a total radial tyre cord production capacity of approximately 400,000 tons by 2011.
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