Positive profits expected to double in 2020, revealing the growth “secret” behind Joy Spreader’s outstanding performance

indie 10 2 月

10 minutes

HONG KONG, Feb 10, 2021 - (ACN Newswire) - On February 8, Joy Spreader published an announcement to alert that its results in 2020 would achieve substantial growth over 2019.According to the announcement, the Company's revenue in 2020 is expected to range from approximately HK$880 million to HK$920 million, an increase ranging from around 63.6% to 71.0% as compared to 2019. The gross profit is expected to range from roughly HK$260 million to HK$300 million, an increase ranging from approximately 95.5% to 125.6% as compared to 2019. The profit before exchange gains and losses is expected to range from roughly HK$170 million to HK$200 million, representing an increase ranging from about 123.7% to 163.2% year on year, equivalent to 2.2 times to 2.6 times compared to the same period in 2019.As disclosed in the prospectus, Joy Spreader's revenue reached a CGAR of 87% and the net profit reached a CGAR of 63% between 2017 and 2019. In the first half of 2020, the revenue and net profit increased by 66.2% and 123.3% year on year, respectively.Since before listing, Joy Spreader has maintained a strong momentum of continuous rapid growth in performance. The growth "secret" behind the outstand...

JCN Newswire

MHI Invests in C-Zero, a U.S. Hard Tech Startup, to Accelerate Efforts to Produce Clean Hydrogen from Natural Gas

ruth 10 2 月

3 minutes

TOKYO, Feb 10, 2021 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) today announced that it has invested in C-Zero, a hard tech startup located in Santa Barbara, Calif., to accelerate the first commercial-scale deployment of C-Zero's drop-in decarbonization technology, which will allow industrial natural gas consumers to avoid producing CO2 in applications like electrical generation, process heating and the production of commodity chemicals like hydrogen and ammonia. The investment has been executed through Mitsubishi Heavy Industries America, Inc.C-Zeros technology uses innovative thermocatalysis to split methane the primary molecule in natural gas into hydrogen and solid carbon in a process known as methane pyrolysis. The hydrogen can be used to help decarbonize a wide array of existing applications, including hydrogen production for fuel cell vehicles, while the carbon can be permanently sequestered. When renewable natural gas is used as the feedstock, C-Zero's technology can even be carbon negative, effectively extracting carbon dioxide from the atmosphere and permanently storing it in the form of high-density solid carbon.With the investment, MHI continues to streng...

JCN Newswire

MHI Thermal Systems Demonstrates the Potential to Remove and Inactivate the Novel Coronavirus (SARS-CoV-2) through Proprietary Air Purification Technology

ruth 10 2 月

3 minutes

TOKYO, Feb 10, 2021 - (JCN Newswire) - Mitsubishi Heavy Industries Thermal Systems Ltd. (MHI Thermal Systems) a part of Mitsubishi Heavy Industries, Ltd. (MHI) Group, has confirmed its latest technology has the ability to remove and inactivate the novel coronavirus (SARS-CoV-2) by enzyme-urea formulation processing technology or irradiation by UV-C LED (ultraviolet-C light-emitting diode). Holding the potential to remove and inactivate airborne viruses with a unique air filer trapping innovation. The results show the ability to control the novel coronavirus by air purification marking a significant step towards MHI Thermal Systems tackling the worldwide pandemic with its expert technology. Tests also confirm efficacy in removing and inactivating traces of the coronavirus through commissioned research from the Satoshi Omura Memorial Institute of Kitasato University, led by Professor Kazauhiko Katayama. MHI Thermal Systems will continue the commissioned research to validate the effectiveness of its latest developments further, before launching to its worldwide markets. BackgroundAs of February 10, 2021, the number of SARS-CoV-2 cases in Japan exceeds 400,000. The country, like much o...

SeaPRwire

Army Ant Limited Announces the Release of Its Encryption Mixer ANTUSDT

pandora 10 2 月

6 minutes

London, UK - Recently, Army Ant has announced the release of its encryption mixer (coin shuffle) ANTUSDT. "Weak Anonymity" V.S the "Black Money", which one would users prefers? Digital currency is actually not completely anonymous (pseudo-anonymity), so the encryption mixer was born – ANTUSDT. The digital currency address will not be linked to a real identity in real life, but if it is not done properly, it will. People can trace back to a particular transaction by associating multiple nodes in the blockchain, and then through the analysis of blockchain data and KYC/AML data, people can know who sent the transaction, and even include more details, such as location, reason of the transaction and so on. The principle of coin shuffle: What is coin shuffle? Speaking of digital currency, it is easy to think of its two characteristics, one is decentralization, the other is anonymity. But the anonymity of cryptocurrencies is limited. Although real-name authentication is not required, and the user’s real identity cannot be matched by the address, the transaction on the blockchain is public. If someone deliberately looks for it, some clues can also be found through big data analysis, unless...

SeaPRwire

Army Ant宣布上线加密混合器ANTUSDT更好保護隱私

aseanpr 10 2 月

1 minute

London, UK – 近日，Army Ant宣布正式上线加密混合器ANTUSDT，更好的保护用户隐私。弱匿名性 VS 可能性的“黑幣”，用戶更願意選擇哪一個呢？數字貨幣實際算不上完全的匿名（偽匿名性），加密混合器因此誕生——ANTUSDT。數字貨幣位址不會聯繫到現實生活中某個真實的身份，但是如果操作不當，實際上是會的。人们可以通過關聯區塊鏈中的多個節點，追溯到某一筆特殊的交易，然後通過分析區塊鏈資料和KYC/AML資料，知道是誰發的這筆交易，甚至包含更多細節，如：地點、交易緣由等。首先，瞭解下混幣原理。混幣是什麼？提到數字貨幣，人們很容易想到它的兩個特性，一是去中心化，另一個是匿名性。不過加密貨幣自身匿名性是有局限性的。雖然不需要實名認證，不能通過位址對應出使用者的真實身份，但是區塊鏈上的交易是公開的，如果有心人刻意去查找，也是可以通過大資料分析找到一些線索的，除非每個人都像中本聰一樣謹慎無跡可尋。不過，有一種服務卻可以為使用者提供足夠高的隱私保護，那就是混幣服務。混幣，顧名思義就是將來自不同發幣位址的幣混合起來，然後再發送出去。通過這個過程切斷了一個交易的輸出位址和輸入位址之間的對應關係，從而更好的保護用戶的隱私。其實混幣過程就像是好多人往許願池裡扔硬幣，如果大家扔進去的硬幣都是1元的，那麼人们雖然可以知道誰在什麼時間扔進去多少1元硬幣，但是當工作人員清理這些硬幣並整理的時候，人们是無法分辨哪個硬幣是由誰扔進來的。由於比特幣區塊鏈是一種公共總帳，它記錄了比特幣網路上的每一筆交易，而通過混幣之後就無法知曉到底哪一個進來的交易應該對應哪一個出去的交易，因此也就很難查詢到交易者的加密貨幣存儲在哪裡，存儲了多少，最大程度的保護了用戶隱私。一般情況下，多次混幣、每次少量幣，效果更好。结论：混幣是一個隱私保護的功能，混幣交易難以追蹤。將資金與其他用戶的資金進行混合，在現有使用者的帳戶系統和混幣後的新帳戶之間創建隨機的關係，這樣的機制可以實現交易的匿名和所有服務的匿名。 ANTUSDT平臺優勢根據市場調查，市場上的混幣器都是對商戶開放，ANTUSDT是唯一對商戶與散戶開放的混幣器。 ANTUSDT其業務範圍還包括：加密貨幣代收、代付、壓幣借現、壓現借幣、多國多平臺承兌等。 ANTUSDT混幣實現收益的原理商戶需要用到相應的幣種，散戶供應商戶使用，商戶給予相應的傭金（為保證資金池有充足閑餘資產供提幣，每次混幣都需要使用者主動授權，得到用戶授權資產才會進行協助混幣。合作商戶均已繳25枚BTC等值的押金，以及5倍以上足額流動保證金，確保ANTUSDT業務零風險）。 ANTUSDT規則介紹普通用戶可以通過單次授權，參與兩種混幣方式賺取混幣傭金。 ANTUSDT跨鏈混幣由ANTUSDT打造大型混幣池，集合了市面上流通量最大的幣種。 ...

SeaPRwire

Foreign Minister Vivian Balakrishnan and US Secretary of State Antony Blinken discuss Asean cooperation, Covid-19, Myanmar situation in phone call

aseanpr 10 2 月

2 minutes

SINGAPORE - Singapore Minister for Foreign Affairs Vivian Balakrishnan and his US counterpart Antony Blinken discussed Asean cooperation, Covid-19, climate change and Myanmar situation on Wednesday (Feb 10) as they reaffirmed bilateral ties in a telephone call. Dr Balakrishnan congratulated Mr Blinken on his appointment as Secretary of State. "They reaffirmed the excellent and longstanding relations between Singapore and the United States, and the strong and growing cooperation in defence and security, as well as in trade and investment. "They also agreed to collaborate closely on the global response to Covid-19 and climate change," Singapore's ministry of foreign affairs said in a statement. Dr Balakrishnan welcomed the Biden administration's efforts to engage with the region and strengthen cooperation with Asean and other regional partners. "They also agreed to collaborate closely on the global response to Covid-19 and climate change," the statement added. Mr Ned Price, US State Department spokesman said in a separate statement confirming the phone call: "Secretary Blinken and Foreign Minister Balakrishnan reflected on the enduring friendship and shared interests between our nati...

SeaPRwire

Singapore resident population in HDB flats falls to 3.04m, with smaller households spread over more flats

aseanpr 10 2 月

6 minutes

SINGAPORE - The number of Singapore residents living in HDB flats has dipped for the first time since 2003, even as the number of HDB households continued to climb. A total of 3.04 million Singapore residents - or about 76 per cent of Singapore residents - lived in HDB flats in 2018, as compared to 3.06 million in 2013. They made up 1.01 million households, up from 0.91 million five years ago, according to the latest HDB Sample Household Survey, which is conducted once every five years. One reason for this trend is that the size of household units living in HDB flats is shrinking, with an average of 3.1 people per household in 2018, down from 3.4 in 2013 and 2008. This could also be due to more residents upgrading to private property, said Ms Christine Sun, OrangeTee & Tie's senior vice-president of research and analytics. She noted that there had been a substantial number of mass market private home and executive condominium launches between 2013 and 2018. The HDB report, which surveyed about 7,800 HDB households in 2018, tackled issues related to public housing ranging from HDB residents' housing aspirations, to their family ties and aspirations. More single households, fewer ext...

SeaPRwire

S’pore residents living in smaller HDB flats more likely to have aspirations for better housing

aseanpr 10 2 月

4 minutes

SINGAPORE - Singapore residents who live in smaller Housing and Development Board (HDB) flats are more likely to have aspirations for better housing, as compared to those who live in five-room or executive flats. Such aspirations to have a bigger flat, to live in private property, or to live in a purchased flat instead of a rental flat, are also the most prevalent among younger HDB residents, with more than seven in 10 of those aged below 35 who wanted to do so. Meanwhile, close to eight in 10 elderly HDB residents aged 65 and above said they were content with their flat type. These findings were captured in the latest HDB Sample Household Survey released on Wednesday (Feb 10). It is conducted once every five years. The report, which surveyed about 7,800 HDB households in 2018, tackled issues related to public housing, ranging from residents' housing aspirations, to their family ties and aspirations. Aspirations for better housing saw the highest increase among those living in one- and two-room flats, with more than half saying in 2018 that they wished to have better housing, compared to 37 per cent of respondents in 2008. The figure increased by 10.8 percentage points from 2008 to...

SeaPRwire

A-level results release set for Feb 19

aseanpr 10 2 月

2 minutes

SINGAPORE - Students who sat the A-level examinations last year will receive their results next Friday (Feb 19) at 2.30pm, said the Ministry of Education (MOE) and the Singapore Examinations and Assessment Board (SEAB) in a joint statement on Wednesday. Given the Covid-19 situation, arrangements have been made for school candidates to receive their results in their classrooms instead of as a cohort. Only those collecting their results will be allowed entry into schools, and they will be expected to observe safe management measures, said MOE and SEAB. Students who are unwell, or on quarantine order, stay-home notice or leave of absence should not go to school to get their results and instead should view their results online via the SEAB's results release system. The system will be accessible from Feb 19 to March 5. The A-level results will be released online from 3.15pm on Feb 19. Students eligible for SingPass can log in to this system using their SingPass account, while international students should use their SEAB-issued PIN, which has been sent to the e-mail addresses provided to SEAB by their schools. Students can also appoint a proxy to collect a physical copy of their results....

SeaPRwire

President Halimah urges Singaporeans to get vaccinated in Chinese New Year message

aseanpr 10 2 月

3 minutes

SINGAPORE - The response to Singapore's Covid-19 vaccination effort has been encouraging but could be better, President Halimah Yacob said as she urged all Singaporeans to get vaccinated against the virus. In a Chinese New Year message on Wednesday (Feb 10), she said Singapore is entering the Year of the Ox with a greater sense of hope and optimism because a Covid-19 vaccine is now available. "However, having the vaccine is only one part of the equation. What is of equal importance is to make sure that everyone is vaccinated," she said. "The response has been encouraging but we can do even better. So please get vaccinated to protect yourselves and your loved ones." Even with a vaccine, it will still be important to continue practising safe distancing, as it will take some time to develop immunity, the President noted. "The faster we resolve this health crisis, the quicker we will recover economically. Everyone has a part to play." Madam Halimah said she understood how difficult it will be to celebrate Chinese New Year with the various restrictions in place this year due to the coronavirus, but added that she hoped Singaporeans will still be able to spend time meaningfully with thei...

JCN Newswire

NEC, ParityQC Collaborate to Develop Highly-scalable, Practical Quantum Computers

ruth 10 2 月

3 minutes

Tokyo, Japan and Innsbruck, Austria, Feb 10, 2021 - (JCN Newswire) - NEC Corporation (TSE: 6701) and ParityQC today announced that they have started collaborating in the field of quantum annealing, a method of quantum computing. NEC will be the first company worldwide(1) implementing the ParityQC architecture for quantum annealing devices. The collaboration entails NEC implementing the ParityQC Architecture(2), ParityQC's new paradigm on how to solve optimization problems on a quantum computer, into its own superconducting parametron quantum devices(3). This will pave the way for highly-scalable, practical quantum annealers capable of solving large-scale combinatorial optimization problems such as financial portfolio optimization and manufacturing planning. NEC aims to develop such quantum annealers for practical use by 2023. The combination of ParityQC's software, which ensures a compact encoding of industry-relevant problems, and the architecture's capabilities allow organizations to benefit by performing larger computations. Realizing quantum devices using the ParityQC architecture provides a path to resolving challenges on the route to practical large scale quantum annealers. N...

ACN Newswire

Apollomics, Inc. and Edison Oncology Announce Licensing Agreement for Novel Protein Tyrosine Kinase Inhibitor Targeting Solid Tumors

indie 10 2 月

4 minutes

FOSTER CITY, Calif. and HANGZHOU, China and MENLO PARK, CA, Feb 10, 2021 - (ACN Newswire) - Apollomics, Inc., an innovative biopharmaceutical company committed to the discovery and development of mono- and combination- oncology therapies, and Edison Oncology Holding Corp., today announced that Apollomics has been granted worldwide rights, excluding China, Hong Kong and Taiwan, for the development and commercialization of EO1001. EO1001 is a protein tyrosine kinase inhibitor (TKI) that has demonstrated irreversible inhibition of EGFR (ErbB1), HER2 (ErbB2) and HER4 (ErbB4) as a single agent. "We are excited to add EO1001 to our clinical development portfolio as its pan-erbB inhibition and well-tolerated preclinical safety profile makes it a potential targeted therapy for the treatment of solid tumor malignancies that overexpress EGFR and/or HER2," said, Sanjeev Redkar, PhD, Co-Founder and President of Apollomics. "In preclinical models, EO1001 is potent against mutations in both the intracellular and extracellular domain of EGFR and has demonstrated activity in tumors with the ability to penetrate the central nervous system. As we advance our clinical development pipeline, we continu...

ACN Newswire

[A Share Highlight] Intco Medical (300677:CH) Announced Record High Net Profit with Planned H-share Listing To Propel Expansion

indie 10 2 月

6 minutes

HONG KONG, Feb 10, 2021 - (ACN Newswire) - Intco Medical (300677:CH), a leading Shenzhen listed personal protective equipment (PPE) provider, announced on 24 January a positive profit alert for the 12 months ended December 31, 2020. The company expected profit attributable to shareholders to range from RMB6,800 to RMB7,300 million during the review period, representing a year-on-year increase of 3713.45% to 3993.85%. The sharp jump in earnings was driven by surging global demand for disposable protective gloves amid the COVID-19 pandemic. This backdrop spearheaded significant increase in the prices of the company's disposable protective gloves, thereby boosting both sales revenue and gross profit margin.The company also passed the resolution of H-share listing plan at the extraordinary general meeting of shareholders on January 6. In response to its favorable corporate development, many securities companies released research reports on the company. Among these brokerage commentaries, Guosheng Securities pointed out that the operations and expansion of leading companies in Malaysia were constrained by the COVID-19 pandemic, but the Mainland-based market leaders have managed to becom...

SeaPRwire

Jurong Port to take over O.K. Lim family’s stake in Universal Terminal: Sources

elean 10 2 月

3 minutes

SINGAPORE (REUTERS) - Government-owned Jurong Port is set to take over the shares in a major oil storage terminal held by the Lim family behind collapsed oil trader Hin Leong, three sources with knowledge of the matter told Reuters. The deal marks the sale of the crown jewel among oil and shipping assets owned by oil tycoon Lim Oon Kuin, better know as O.K. Lim, his son Evan Lim Chee Meng and daughter Lim Huey Ching. It comes nearly a year after Hin Leong, once Asia's largest oil trader, racked up some US$4 billion (S$5.3 billion) in debt and entered court restructuring, followed by Ocean Tankers and Xihe Group also owned by the Lim family. Jurong Port is set to take over the Lim family's stakes in the terminal, the sources said, declining to be named as they are not authorised to speak to the media. The Lim family managed and owned 41 per cent of Universal Terminal through Universal Group Holdings. "Jurong Port's participation was well received by existing investors as it's a neutral partner as compared with commercial parties such as a trading house," said one of the sources. The investment details were not immediately clear but a previous sale of a stake in the terminal in 2016 ...

SeaPRwire

DBS posts 33% fall in Q4 profit to $1.01 billion

elean 10 2 月

2 minutes

SINGAPORE - DBS Group Holdings posted a 33 per cent plunge in fourth-quarter earnings as its net interest margin fell and it set aside higher allowances for potential bad loans. South-east Asia's biggest lender on Wednesday (Feb 10) reported net profit of $1.01 billion, down from $1.5 billion a year ago. Its earnings were in line with an average estimate of $1.02 billion from four analysts, according to estimates compiled by financial data platform Refinitiv. The board has declared a final dividend of 18 cents a share, down from 33 cents for the year-ago period, to which the bank's scrip dividend scheme will apply. The bank's net interest income dipped 13 per cent year on year to $2.12 billion. Its net interest margin fell 37 basis points to 1.49. Net interest margin is a key gauge of profitability for banks, measuring the difference between income earned from loans and the interest paid to depositors. Total allowances at $577 million, were almost five times higher than the year before. DBS' earnings per share for the fourth quarter stood at $1.54, a decrease from $2.31 a year ago. For the full year, the bank's net profit dropped 26 per cent to $4.72 billion due to a decline in net...

SeaPRwire

Bitcoin soars towards US$50,000 as Tesla takes it mainstream

elean 10 2 月

5 minutes

NEW YORK (REUTERS) - Bitcoin powered to a record high on Tuesday (Feb 9), approaching the US$50,000 (S$66,300) mark, basking in the afterglow of Elon Musk-led Tesla's investment in the cryptocurrency that had investors believing it may become a mainstream asset class. The most popular cryptocurrency has gained 1,150 per cent since its March 2020 lows, as institutional investors searched for alternative investments and retail traders rode the wave. It traded at a few hundred dollars only five years earlier. Glassnode, which provides insight on blockchain data, said in its latest report that bitcoin's limited supply suggested further gains for the virtual asset. Bitcoin's liquid supply is continuing to decrease, as investors increasingly acquire and "hodl" the asset for the long term. "Hodl" is crypto slang for the act of an investor holding the asset instead of selling it. Currently, around 78 per cent of issued bitcoin are either lost or being "hodled." This leaves less than four million bitcoins to be shared among future market entrants - including large institutional investors such as PayPal, Square, S&P 500 companies, and exchange traded funds, Glassnode said. On Monday, bitcoin...

SeaPRwire

Nasdaq edges to record, extending rally

elean 10 2 月

2 minutes

NEW YORK (AFP) - The Nasdaq edged to a fresh record again on Tuesday (Feb 9), extending a bull run for markets buoyed by rising hopes for fiscal stimulus and expectations of a strong economic rebound. Investors remained optimistic about additional government spending and President Joe Biden met with the CEOs of JPMorgan Chase, Walmart and other companies to build support for his US$1.9 trillion (S$2.5 trillion) rescue plan. The Dow Jones Industrial Average was essentially flat, dipping less than 0.1 per cent to end at 31,375.83, retreating slightly from an all-time high set Monday. The broad-based S&P 500 slipped 0.1 per cent to 3,911.23, also sinking just below Monday's record. But the tech-rich Nasdaq Composite Index gained 0.1 per cent to 14,007.70, ending at a record for the fourth straight day. Besides stimulus expectations, the market also has been boosted by progress on coronavirus vaccines that have raised hopes for earnings growth in 2021 and beyond. "Indeed the good times are rolling in the capital markets, which are acting as if they have more money than they know what to do with, so they just keep doing what's been working: putting money to work in risk assets," said Br...

SeaPRwire

Climate change is Temasek’s focus moving forward, says incoming CEO Dilhan Pillay

elean 10 2 月

4 minutes

SINGAPORE - Incoming Temasek chief executive Dilhan Pillay Sandrasegara said the state investor's focus and biggest consideration is climate change. "It's impacting businesses in every sector, in every part of the world, and we have to think what that means for the various geographies that we're operating in," he told a briefing held at Temasek's Dhoby Ghaut office on Tuesday (Feb 9). Mr Pillay, who will continue in his current job as CEO of the commercial arm Temasek International, will succeed Ms Ho Ching in her roles as Temasek CEO and executive director on Oct 1. He joined the company in 2010 and was appointed CEO of Temasek International in 2019, where he oversees its investment and portfolio activities. Temasek chairman Lim Boon Heng said that Mr Pillay, 57, will oversee Temasek's "stewardship role", particularly in its constitutional responsibilities to safeguard its own past reserves as a Fifth Schedule entity. Mr Lim added that Mr Pillay has shown that he can deliver the goods and rally a team to achieve the end results. Ms Ho said she is confident that Mr Pillay will take Temasek to the next level. She told the briefing that he has the willingness and confidence to bring ...

SeaPRwire

World-Renowned Keynote Speakers announced for POWER WEEK ASIA 2021

pandora 9 2 月

4 minutes

SINGAPORE, Feb 9, 2021 - (ACN Newswire) - The POWER WEEK Organising Committee is proud to announce the updated speaker lineup for POWER WEEK ASIA Virtual Conference, which is set to commence on 15 - 18 March 2021. Across 4 days, we will be broadcasting live interactive presentations, in-depth panel discussions, and networking sessions from leading experts across the world.POWER WEEK ASIA attracts the industry leaders from national power companies, government regulators, policy makers, renewable & IPPs, investors and suppliers from around the globe. With C-level speakers and attendees all under one roof, it offers the chance to learn the success strategies and pitfalls of notable power projects.The conference features 20+ engaging sessions covering government regulation & policy, market liberalisation, energy mix & integration, fossil fuels in power market, demand & supply, renewable energy outlook, energy transition, utility-scale solar development, wind energy, tariffs, energy storage, smart grid technologies, mini-grid & microgrid, digitalisation, electric vehicles, power trading, project finance, project development, energy efficiency and many more.Join in fr...

ACN Newswire

Shougang Century Announces Positive Profit Alert

indie 9 2 月

3 minutes

HONG KONG, Feb 9, 2021 - (ACN Newswire) - Shougang Concord Century Holdings Limited ("Shougang Century", together with its subsidiaries, "the Group"; stock code: 0103.HK) is pleased to announce that, based on its preliminary assessment of the unaudited consolidated financial statements of the Group for the year ended 31 December 2020, the Group expects a profit after tax of not less than HK$130 million, at least 20% more than that of HK$108 million for the previous year. Such increase was primarily attributable to the improvement of gross profit margin arisen from the decrease in production costs and the reduction in finance costs.Shougang Century is primarily engaged in manufacturing of steel cords for radial tyres, sawing wires and other wire products. The Group's two large production bases, which are located in Zhejiang Province and Shandong Province, produce approximately 200,000 tonnes of steel cords in total every year. In 2019, the Group kicked off an expansion plan in its Tengzhou factory and invested in new brass wire production facilities to add a further 100,000 tonnes of steel cord production capacity. As the construction progress is satisfactory, the Group is building ...

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