Xiao Xing Bought The World'S Largest Airbag Textile Enterprise
According to reports, Xiao Xing decided in August 18th to acquire 100% of the world's top ranked airbag textile company, Global Safety Textiles (GST).
At present, GST
global market
The occupancy rate is 13%, especially in European fabric (33%), European fabric (36%) and North American OPW (39%) market.
Based on last year's benchmark, GST reached 2 trillion and 200 billion won in the world's airbag textiles market.
Meanwhile, demand for airbags in emerging countries is increasing, so the company is expanding at a market scale of about 8~10% a year.
Through the acquisition of GST, Xiao Xing owns 11 business locations in 8 countries, including Germany, Poland, Czech, Romania, China, South Africa, the United States and Mexico.
At the same time, Xiao Xing used it from the original airbag.
Wool yarn industry
Expanded to cloth and cushion industry, formed the industry's first vertical serialization operation, and has entered the largest airbag production market in Europe and North America.
GST is located in Germany, is a company engaged in the production of airbag fabrics, cushions and high value-added products "OnePiece Woven (OPW)" and other enterprises.
Xiao Xing has been used in tire materials (tire cord) and safety belt.
Wool yarn
Production occupies the first place in the world.
At the same time, in March this year, we also independently developed "10 carbon fiber, which is more than 1/4 times the weight but not 1/4". It is expected to be mass produced in 2013.
Carbon fiber will be applied to electric vehicles and other parts, such as electric vehicles.
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