# 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.

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

## Companies

- [Hailide New Material](https://endata.com/companies/53823.md)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/chinas-hailide-to-spend-usd52-million-on-vietnam-tire-cords-plant-to-avert-trade-risks), 2023-08-01: "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."

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