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Daye invests in Morocco bead wire and steel cord plant

Shandong Daye, a supplier of raw materials for tyres, has decided to invest 1.485 billion yuan (about £160 million; €190 million) to open a manufacturing centre in Morocco.

The Moroccan factory is planned to be carried out in two phases. The investment amount of the first phase project is 850 million yuan (about £92 million; €110 million), and it is planned to build a production line capable of producing 40,000 bead wires and 40,000 tons of steel cord per year in two years. The project’s first phase is scheduled to start construction in January 2025 and be completed and put into operation in December 2026.

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Related news:

  1. Sentury Morocco factory starts construction, annual tyre production capacity increased by 6 million
  2. Tatneft investing 217 million euros in Kazakhstan tyre factory
  3. Xingda investing £200 million expanding Thailand tyre cord factory
  4. Haohua investing $500 million in Vietnam tyre factory
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Bekaert commences certified recycled steel deliveries

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Steel wire firm Bekaert shares that it has obtained the first third-party certificates for its tyre reinforcement with high recycled steel content and has delivered the initial batches of this steel to Bridgestone Corporation. According to the company, high recycled content halves the CO2 footprint of its product, and such certification helps meet demand from customers and end markets while addressing a “critical challenge in the industry.”

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If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

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  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
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Related news:

  1. Bekaert and Angang Steel Establish Steel Cord Joint Venture
  2. Bekaert Completes Acquisition of Bridgestone Tyre Cord Plants
  3. Bekaert in talks to buy Pirelli steel cord business, says paper
  4. Bekaert wins EIPM Excellence award
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Xingda investing £200 million expanding Thailand tyre cord factory

Xingda

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.

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Related news:

  1. Xingda published first ever sustainability report by a Chinese steel cord maker
  2. Hangzhou Zhongce confirms Thai factory reports
  3. Jiangsu General investing US$300 million in Thailand tyre plant
  4. Prinx Chengshan invests £19 million in purchasing land for new Thailand tyre factory
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Xingda published first ever sustainability report by a Chinese steel cord maker

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.

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Related news:

  1. Xingda tyre cord opens European office
  2. Radar Tires a ‘carbon neutral’ brand
  3. Firms from six countries represented in Pirelli’s 2017 supplier awards
  4. Linglong presents sustainable rubber tyre prototypes
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