Hailide New Material to build $52M tire cord plant in Vietnam

Hailide New Material plans to invest USD 52 million in the first phase of a new tire cord fabric factory in Tay Ninh province, Vietnam, with an annual capacity of 18,000 tons. The project aims to mitigate trade friction risks.

“Hailide New Material intends to invest USD52 million in kicking off a new facility in southern Vietnam to minimize any adverse effects of trade frictions.”yicaiglobal.com

• 1 source
• yicaiglobal.comChina's Hailide to Spend USD52 Million on Vietnam Tire Cords Plant to Avert Trade RisksTang ShihuaAug 1, 2023

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