Xingda to Expand Tyre Cord Capacity

China based manufacturer and distributor of radial tyre cord and bead wire, Xingda International Holdings Ltd., has announced the expansion of its high performance tyre cord by 40,000 to 50,000 tons per year in each of the next three years. This capacity increase will take place at the company’s “Factory No. 8” facility.

At the end of 2007 the company’s radial cord capacity stood at 237,100 tons, a 22.2 per cent increase over 2006, the company reported in its annual statement. The utilisation rate of this tyre cord was 84 per cent, only marginally lower than the year before. The Jiangsu Province based firm aims to reach a total radial tyre cord production capacity of approximately 400,000 tons by 2011. The company quotes the China Rubber Industry Association as saying demand within China for radial cord will exceed 800,000 tons in 2008, an increase of over 25 per cent on 2007.