After 4 years of construction, Xingda Steel Cord (Thailand) Co., Ltd. invested 1 Billion Yuan to build the project with an annual output of 100,000 tons of steel cord in Thailand Hemaraj Eastern Seaboard Industrial Estate 2, the first phase 50,000-ton factory was completed, for which a grand ceremony held on September 26th.
The construction of this project diversifies the operation risk of the company on one hand, on the other hand, it further increases the capacity and expands the Asian industrial chain, which can satisfy the stably increasing market demand of Asia-Pacific Market, make the company constantly realize stable sales growth in the increasingly complex market environment and consolidate the leading position of Xingda as a radial tire steel cord production enterprise.
Besides Thailand company, Xingda also carried out layout in important market, Europe. On December 18, 2018, its wholly-owned subsidy Xingda Europe Co., Ltd. was opened in Luxembourg.
According to the information, in the first half year, Xingda Company realized the operating revenue of 3.769 Billion Yuan, with a year-on-year growth of 2.5%.
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