Sales of Steel Cords for Radial Tires by Hubei Fuxing Science and Technology Plunge in 2015
Hubei Fuxing Science and Technology Co., Ltd. Has released the financial report for 2015.
The report says that impacted by the sluggish manufacturing industrial phenomenonand oversupply in the market, the gross profit margin of the company's metal manufacturing business kept low and the sales had declined.
Metal manufacturing business of Hubei Fuxing Science and Technology generally includes producing and selling steel cords for radial tires, PC steel strands, steel wires, and steel wire lines.
Located in Chenhu town, Hanchuan city of Hubei province, the company is a large one in the locality.
The steel cords for radial tires manufactured by Hubei Fuxing Science and Technology are high-tech products with annual capacity of 150,000 tonnes selling to nearly a score of large tire producers, including Aeolus Tyre Co., Ltd. and The Goodyear Tire and Rubber Co..
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