Jiangsu Province-based Chinese steelmaker Jiangsu Xingda Steel Cord Co., Ltd, a subsidiary of Xingda Co., has announced that in 2012 its sales revenue totaled RMB 8.06 billion ($868 million).

Jiangsu Xingda Steel Cord holds a share of over 30 percent of the Chinese domestic steel cord market. At present, the company’s exports account for 20 percent of its total sales volume. The steel cord production capacity of Jiangsu Xingda Steel Cord is currently the second largest in the world.