Guizhou Tyre increasing solid tyre capacity

Another investment for China’s Guizhou Tyre. Only a couple of months after announcing plans to lift its Zhazuo factory’s annual OTR tyre capacity by 380,000 pieces and increase investment in its plant in Vietnam by US$58.08 million, the company says it will also invest RMB 300 million (£33.5 million) in a new solid tyre product at the Zhazuo site.

The tyre maker will build a new facility and relocate a number of curing presses there. It will also purchase new equipment for the calendering, moulding, curing and testing processes. Construction work is scheduled to be completed within 22 months, and once the project is finished, Guizhou Tyre will have the capacity to produce 1.3 million solid tyres per year.