The Ministry of Industry and Information Technology of the People’s Republic of China has released the 2023 Green Manufacturing List, which prominently features XINGDA Steel Tyre Cord as a National Green Factory. This recognition applauds the company’s exceptional achievements in green manufacturing, low-carbon development, and energy management, signifying a significant leap forward in its sustainability journey.

In the realm of energy mix optimization, XINGDA has made substantial progress.. By the end of 2023, XINGDA has successfully installed photovoltaic power stations across its three main production bases in Jiangsu, Shandong, and Thailand, collectively generating an impressive 24.9 MV and an annual output of 27 million kWh.

Looking ahead, XINGDA plans to expand its renewable energy capacity to 61 MV by the end of 2024, which is expected to yield an annual generation of 67 million kWh..

XINGDA has also demonstrated a commitment to enhancing energy efficiency. In 2023, the company managed to reduce its energy consumption per unit of production by 5.1% and decrease carbon emissions by 4.5% compared to the previous year.. By 2030, the company will fully meet its heat demand through self-generated energy throughout the entire production process.

Moreover, leveraging its smart cloud platform, XINGDA has implemented a refined carbon emissions management system. By calculating CO? emissions based on production and operational metrics, the company is strategically positioned to contribute to the national goals of carbon peak and neutrality.

XINGDA’s commitment to sustainability has borne fruit dearly so far. In 2023, the Company received the Ecovadis Gold Medal, scored an industry-leading B in CDP rating and passed the SBTi certification. It has joined the United Nations Global Compact, and has been included in S&P Global’s first issue of “Sustainability Yearbook (China Edition)”.

Looking into the future, XINGDA will continue to fulfill its social responsibilities and build upon the ESG concept with ambitious sustainability goals.