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Daye increased two steel cord production lines

Shandong Daye Co.Ltd. released its progress on financing and investment projects on Aug.8.

According to the announcement, its third phase project of steel cord for radial tire was still under construction.

One of production line has put into operation by August 8, and the other production line would be put into operation by August 23.   

The company predicted that it would complete the first phase project by the end of 2019.

In December 2019, Daye Co.,Ltd. issued 493 million yuan of company bonds for the above construction.