Kolon Industries Expands Tire Cord Production Capacity in Vietnam by 20,000 Tons

Utilizing Idle Facilities in China... Additional Heat Treatment Facilities
"Expanding Presence in Southeast Asia, the World's Largest Production Hub"

Kolon Industries is increasing the production capacity of its Vietnam plant to strengthen its competitiveness in the global tire cord market.

On the 14th, Kolon Industries announced that it will invest approximately 30 billion KRW to add tire cord heat treatment facilities at its Vietnam plant. Tire cords are fiber reinforcements that serve as the framework of tires and are essential materials that ensure the safety and performance of automobiles.

Exterior view of Kolon Industries Vietnam Tire Cord Factory. Provided by Kolon Industries

In particular, heat treatment is a key process that affects not only the production volume but also the performance of tire cords. With this facility investment, the tire cord production capacity of Kolon Industries' Vietnam plant will be significantly expanded from 36,000 tons per year to 57,000 tons per year.

Kolon Industries plans to utilize idle facilities from its Nanjing plant in China for this expansion. Through this, the investment cost, which normally amounts to about 200 billion KRW, was greatly reduced while achieving the effect of building a new plant. The new production line is scheduled to start operation in January 2027.

A Kolon Industries official said, "This investment was decided to expand tire cord supply in Southeast Asia, one of the world's largest tire production hubs," adding, "We will continue to expand our presence in the tire cord market through ongoing investments."

This content was produced with the assistance of AI translation services.