Double Coin expands Jiangsu OTR tyre plant
The Double Coin Jiangsu factory recently applied to the local environmental protection department to expand its OTR tyre production capacity. The Jiangsu factory is a joint venture established in January 2024. The company can produce 2.9 million all-steel radial (truck) tyres and 74,000 OTR tyres annually.
Double Coin Jiangsu factory plans to invest 150 million yuan (approximately £16 million; €19 million) to transform the existing production line and improve the production capacity of OTR products. The scheduled commissioning date for the project is August 2023. Ultimately, the Double Coin Jiangsu factory will have an annual production capacity of 2.6 million all-steel radial tyres and 154,000 OTR tyres.
According to Shuangqian (Jiangsu), there are two types of OTR tyres for this increase in production capacity, including 42,000 tyres with a specification of 14.00R25 and 38,000 tyres with a specification of 16.00R25. The tyre manufacturer stated that the project would use the original factory buildings, eliminate some of the original equipment, and purchase and renovate some of the equipment. After the renovation of this project, the Double Coin Jiangsu factory will keep the employees the same.
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