The Chinese parent compay of tire maker Double Coin announced it is supporting the relief effort that is mounting in the Sichuan Province of China after last Monday's devastating earthquake.
Double Coin Holdings, parent company of China Manufacturers Alliance, which sells Double Coin tires, also has subsidiaries that manufacture batteries, soap and shoes, and they have prioritized company supplies and assets to the affected areas. In addition, Double Coin executives have contributed money - much of it personal - to assist in the relief effort. To date, the estimated amount of support was approximately 10 million RMB or $1.4 million U.S. Dollars. Confirming previous reports, Double Coin is supporting 20 orphaned children and pledge to make sure they can return to a normal life once the immediate danger of the disaster is over.
"Double Coin understands that at this point in time, even daily necessities like shoes and soap are needed and we are here to help at all costs" states Mike Yang, President of Double Coin's U.S. subsidiary CMA. "In the past few days, I have had many conversations with affiliates in China and the nation's people are very sad. This catastrophe is not just affecting the Sichuan province; it is affecting all of China. The compassion that all Chinese people are showing to help is monumental."
As reported by worldwide news sources, the Sichuan province and its capital Chengdu were severely damaged by the seismic activity. Sichuan and the city of Chengdu are one of the most densely-populated areas in the country.
Double Coin Holdings, parent company of China Manufacturers Alliance, which sells Double Coin tires, also has subsidiaries that manufacture batteries, soap and shoes, and they have prioritized company supplies and assets to the affected areas. In addition, Double Coin executives have contributed money - much of it personal - to assist in the relief effort. To date, the estimated amount of support was approximately 10 million RMB or $1.4 million U.S. Dollars. Confirming previous reports, Double Coin is supporting 20 orphaned children and pledge to make sure they can return to a normal life once the immediate danger of the disaster is over.
"Double Coin understands that at this point in time, even daily necessities like shoes and soap are needed and we are here to help at all costs" states Mike Yang, President of Double Coin's U.S. subsidiary CMA. "In the past few days, I have had many conversations with affiliates in China and the nation's people are very sad. This catastrophe is not just affecting the Sichuan province; it is affecting all of China. The compassion that all Chinese people are showing to help is monumental."
As reported by worldwide news sources, the Sichuan province and its capital Chengdu were severely damaged by the seismic activity. Sichuan and the city of Chengdu are one of the most densely-populated areas in the country.
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