Xingda International Holdings Makes Heavy Investment in Thailand
2017-1-10 20:21:11Editor：AmandaFont Size：Big Medium Small
Xingda International Holdings Co., Ltd. plans to invest 5.13 billion Thai baht, about 994 million yuan, in Chonburi province, Thailand, to establish a steel cord factory.
It is the first time for Xingda to make investment in Thailand and the products will be supplied to local tire producers.
Xingda entered the steel cord industry in 1992 and established Jiangsu Xingda Steel Cord Co., Ltd. and Shandong Xingda Steel Cord Co., Ltd. in succession.
Today, Xinigda has established long-term partnership with China’s top 10 radial tire producers by sales volume, and provides products for a number of renowned foreign tire producers.
Tireworld
- Tireworld Insight: Domestic tire makers eye overseas expansion
- Tireworld Insight: Price disparity severe between China's rubber exports and imports
- Tireworld Insight: China tire exports dependent on US market performance
- Tireworld Insight: SHFE rubber expected to move in tight range in short-term
- Tireworld Insight: Rubber futures to test near-term resistance at 15,000 yuan/tonne
- Tireworld Insight: China’s tire industry on track of rapid growth
