Yongtai Chemical-owned Covpress in administration
![](https://www.tyrepress.com/wp-content/uploads/2016/11/yongtai.jpg)
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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