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Yongtai Chemical-owned Covpress in administration

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Former Birmingham City Council leader Lord Whitby (pictured) visited Yongtai’s Dongying production plant and Covpress China project in October 2015, describing it as a “blueprint for the future”

Coventry-based car panel OE supplier Covpress entered administration at the end of September, with administrators stressing there are no current plans for redundancies amongst the 800 staff. Rather there is a good chance the business will be sold as a going concern. So far around 50 companies are said to have expressed an interest. But with business on the up at Covpress, could a deflated Chinese tyre business be behind the news?

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