# Hailide to invest $52M in Vietnam tire cord fabric plant expansion

Zhejiang Hailide New Material announced an investment of about $52 million to build a 18,000-ton-per-year high-performance tire cord fabric plant in Tay Ninh, Vietnam, as an expansion of its existing Vietnam base.

- Type: Expansion
- Announced: 2023-07-31
- Where: Tay Ninh Province, Phuoc Dong Industrial Park, Vietnam
- Value: $52.0M
- Status: announced
- Capacity: 18,000 tons per year
- Products: high-performance tire cord fabric
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Zhejiang Hailide New Material](https://endata.com/companies/31995.md)

## Sources

- [ctc.webtex.cn](http://ctc.webtex.cn/info/2023-7-31@726147.htm), 2023-07-31: "The company plans to invest about US$52 million to implement the annual output of 18,000 tons of high-performance tire cord fabric Vietnam (Phase I) project"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.