Xingda publishes 2022 sustainability report, EV tyre cord >32% of output

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.

Meanwhile, carbon emission for every ton of steel cord produced decreased by 18.31 per cent compared to 2021, marking a big step forward in its carbon reduction commitment, which has been certified by the Science Based Targets initiative (SBTi).

To meet tyre makers’ growing demand for recycled feedstock, Xingda tested the production of steel cord and bead wire using wire rods made from Electric Arc Furnace (EAF) process, where as much as 40 per cent of scrap steel was included. Moving forward, company representatives reported that Xingda will look to further increase the ratio of scrap steel whilst starting the delivery of products made from EAF-based wire rods to clients in 2023.

In 2022, Xingda expanded its environmental and social impact assessment to all key suppliers and conducted sustainable procurement training for all the procurement personnel.

In terms of community and human capital development, Xingda’s employees received an average of 21 hours of training per person in 2022. “We plan to provide an average of 40 hours of vocational training per year for each employee by 2025”, a statement added.

Xingda achieved a “B” rating on the CDP Climate Change Questionnaire, and was included, as the only recipient of such honour among industry peers, in the CSA Yearbook 2023 China Edition, compiled by S&P to highlight stand-out CSA performers among public-traded companies in China.