Xingda, the steel tyre cord manufacturer, has released its sustainability report for 2022, the second of its kind. Within the details, the fact that 32.89 per cent of Xingda’s output consisted of super-high or ultra-high tensile strength products, commonly used in EV tyres, is noteworthy.
Jiangsu Xingda, a leading tyre cord supplier, registered an 11 per cent growth in sales volume in the first half of 2023. Within the overall sales increase, steel cord sales grew by nearly 12 per cent, bead wire sales grew by 6 per cent, and hose wire sales grew by 12 per cent.
After having led the company over the past three years, Oswald Schmid will retire as CEO of Bekaert on 31 August. The company’s Board of Directors has appointed former Bridgestone executive Yves Kerstens his successor as CEO, effective 1 September.
Asahi Kasei has decided to discontinue its Asahi Kasei Cord Co., Ltd. business and liquidate the company. Around 70 people currently work for the Hyuga, Japan-based operation, where production is scheduled to cease by or on 31 March 2024. The plant will close a year later.
A couple of weeks after Apollo Tyres unveiled car tyres containing 75% sustainable materials, JK Tyre & Industries has seen Apollo’s 75 and raised it 5. The company has produced a passenger car radial with 80% recycled and renewable materials – and says it will offer such a range “in due course.”
On 17 March, Xingda Steel Tyre Cord held a ceremony celebrating the commencement of production at the second phase project of the company’s Shandong factory. Liu Tao and Hang Youming, deputy general managers of the steel tyre cord manufacturer, attended the event. In his speech, Liu Tao revealed that the Shandong factory’s second phase mainly serves tyre companies in Shandong Province and northern China.
Tyre cord manufacturer Xingda and Continental Group recently signed a strategic cooperation agreement at Xingda Steel Tyre Cord (Thailand) Co. Ltd. Details of what is involved in the agreement remain to be seen at this stage, but Xingda representatives report that the cooperation includes improving the supplier management services in Europe.
Teijin Frontier Co., Ltd. claims a world first with the commercialisation of a tyre cord that combines an adhesive that does not contain resorcinol formaldehyde (RF) with a chemically recycled polyester fibre. Test production of the tyre cord will begin next year, and the Teijin Group company aims to achieve annual production of 200,000 tonnes by 2030.
Tyre and construction reinforcement specialist Kordsa is investing US$20 million in its North American facilities with the goal of boosting its cord fabric production for the tyre industry. The company says the investment will enable it to expand the tyre cord dipping line at its facilities to meet increased demand from tyre manufacturers.
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.
On 28 July, Xingda, which specialises in rubber reinforcement such tyre cord, officially released its 2021 sustainability report with a special event at its headquarters. According to the company, it is the first sustainability report released by Xingda, also the first by any Chinese steel cord or bead wire maker.
Bekaert’s newly-expanded Russian tyre cord production operation is receiving strong demand – but solely from local producers. Speaking in the company’s full-year 2021 conference call on 25 February 2022, NV Bekaert SA CEO Oswald Schmid told investors that “all the business we do is for Russian customers. There’s no export outside.” At 12 years old, Bekaert’s tyre cord-focused Lipetsk plant is one of the firm’s newer plants. It employs about 500 people.
Chinese tyre cord manufacturer Xingda has opened a European office in Luxembourg. The new European operation has been registered as Xingda Europe Limited and is a subsidiary of Xingda International Holding Company.
Kordsa has been named as one of the Global 100 enterprises. According to a study conducted by Platin magazine in association with IPSOS. Platin also gave Kordsa the Industry 4.0 award in the textile category.
Kordsa has spent roughly US$100 million buying Fabric Development Inc (FDI) and Textile Products Inc. (TPI), which provide advanced composite materials to the commercial aviation industry. With these acquisitions Kordsa aims to follow the same path that led to leadership in tyre reinforcement technologies.