Qingdao has closed more than 30 tyre companies

The Qingdao Municipal Government of Shandong Province recently stated that it would build a rubber industry chain worth 100 billion yuan (RMB). According to reports, the city’s government departments will list rubber products and equipment as the focus of future industries and make every effort to promote these industries’ development.

The data from the Qingdao Municipal Bureau of Industry and Information Technology shows that there are 122 large-scale rubber products enterprises in Qingdao. These companies achieved 14.76 billion yuan (about 1.81 billion pounds, 2.1 billion euros) in the year’s first half, a year-on-year increase of 7.7%, accounting for 2.2% of Qingdao’s industrial revenue.

It is reported that Qingdao has closed more than 30 rubber tyre companies in recent years. Meanwhile, the government has promoted tyre enterprises to carry out fully enclosed automatic feeding transformation of internal mixing equipment and upgrade the nitrogen process of radial tyre curing equipment.

It is worth noting that the Qingdao Municipal Bureau of Industry and Information Technology stated that the Shandong provincial government has agreed that the Sailun Dongjiakou factory may not carry out tyre capacity replacement. In other words, the tyre factory does not need to eliminate any original tyre production capacity to start construction, which is particularly rare for Shandong Province, which advocates high-quality development and strictly controls the overall tyre production capacity.