Double Coin Holdings to support earthquake relief efforts in China

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Double Coin Holdings, parent company of CMA, is supporting the relief effort that is mounting in the Sichuan Province after the devastating earthquake on May 12. Double Coin, as well as the people of Shanghai and other parts of China, realize the magnitude of this natural disaster and are actively pledging support in money, goods and services to assist in the relief effort.

This week alone, Double Coin’s subsidiaries that manufacture batteries, soap and shoes 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 about 10 million RMB, or $1.4 million U.S. Confirming previous reports, Double Coin is supporting 20 orphaned children and pledge to help them 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” says Mike Yang, president of Double Coin’s U.S. subsidiary, CMA, which has marketed Double Coin tires in the United States since 1992. “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.”

To assist in the relief efforts, contact the International Committee of the Red Cross at www.icrc.org.