Dongying tyremakers set to build multiple projects in 2024

As an important manufacturing centre for China’s tyre industry, the tyre companies gathered in Dongying City, Shandong Province, have been relatively conservative in recent years and rarely build new projects. Meanwhile, many prominent local enterprises have fallen into the crisis of “interconnection and mutual protection”. Bankruptcy and reorganisation have become common occurrences in the Dongying tyre industry. On the other hand, China pursues policies of high-quality development and carbon emission control. Tyres are a high-energy-consuming industry, and it is not easy for new projects to get approval from the authorities.