Xingda investing £200 million expanding Thailand tyre cord factory
Opened in 2019, Xingda’s Thailand factory was the company’s first plant outside China, “but definitely not the last”, according to executives (Photo: Xingda)
At the end of July, Chinese tyre cord manufacturer Xingda announced that it is investing 1.6 billion yuan (£200 million; 232.432 million euros; $237 million) adding 200,000 tons of steel cord annual production capacity to its Thailand factory. The planned construction period is 24 months and the project has been officially approved by China’s National Development and Reform Commission.
ZC Rubber
SD-International
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