Hailide New Material

Hailide New Material is advancing construction of its $52 million tire cord fabric plant in Tay Ninh, Vietnam. Civil construction is complete and equipment installation and commissioning has begun.

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 is adding 42,000 tonnes of polyester filament annual capacity at its plant in Tay Ninh, Vietnam, by the end of March 2021. The plant has a total designed capacity of 110,000 tonnes with €130 million investment.