Xingda signs “strategic cooperation agreement” with Continental

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.

Specifically, Xingda will now establish “a mechanism to make rapid response to meet the diversified development needs of Continental on a long-term basis. By improving the supplier management services in Europe, the United States and other regions, Xingda will work to contribute to Continental’s development and expand growth space for the rubber industry.”

According to Xingda representatives, the conclusion of this agreement “shows that…the two enterprises will work jointly to bring their shared vision into reality by enhancing mutual trust and understanding, drawing upon each other’s strengths and increasing mutual gains.”