SEOUL, South Korea—Kolon Industries Inc. has completed an expansion project at its tire cord production facility in Vietnam, four years after opening the plant in Binh Duong Province, north of Ho Chi Minh City.
With the expansion, the South Korean industrial materials and chemicals supplier has now increased production capacity for PET tire cords to 19,200 metric tons per year, up from 16,800 tons previously.
The project, said Kolon in a Sept. 28 statement, brings the group's total tire cord production to 103,200 metric tons per year.
The Korean supplier said the move will reinforce its tire cords business, by securing a production base that offers both "technology and price competitiveness."
The plant, said Kolon, features "a consistent production system from yarn spinning to weaving, processing, heat treatment and finished products."