Chinese steel maker Jiangsu Xingda Steel Tyre Cord has launched the expansion project of its Thailand plant. The total investment of the project is about CNY 1.6 billion (USD 237 million), the designed annual production capacity is 200,000 tonnes of steel cord, and the construction period is 24 months. The project has been officially approved by China’s National Development and Reform Commission recently. The expansion, once completed, would mark another big step forward in Xingda’s bid to globalize its production and strengthen its ties with the world’s leading tire makers.As a global leader in tire reinforcement, Xingda launched its Thailand plant in 2019. With a production capacity of 100,000 tons of steel cord per year, the plant boasts some of the most cutting-edge production equipment and technology as well as a high level of automation and intelligence-driven operation. Having hit full capacity thus far, the Thai plant allows Xingda to deliver high-quality products and solutions for tire makers in Southeast Asia, India, America and Europe.