Hankook’s factory in Chongqing, China, was fined 251,000 yuan (about £27,000; 32,000) by the Chinese Environmental Protection Department for not “storing hazardous waste” according to standards.
Recently, Hankook stated that it would carry out technical transformation on the TBR production line of the Chongqing factory. Specifically, the tyre manufacturer plans to invest 47 million yuan (about £5.1 million; €5.9 million) to increase the daily production capacity of TBR from 2,560 to 2,960 (annual production capacity from 900,000 to 1.036 million) within 16 months. Hankook says the project will not add new land and will be built in its existing factory workshop.
On the afternoon of 16 August Cheng Shin announced that production at its Chongqing factory would be suspended between 16 and 23 August to cooperate with the local government’s power policy. It is reported that Changshou District, Chongqing City, where the Cheng Shin factory is located, has experienced continuous high temperatures recently, and the power supply gap has continued to expand. The local government advocates for industrial enterprises to stop production to ensure electricity consumption for residents and ease the pressure on the power supply.
Giti Tire closed its Chongqing, China truck tyre factory in November 2015 the company has confirmed. This means that roughly 90 per cent of the plant’s 1,100 workers will lose or have already lost their jobs, leaving around 100 staff in work.
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Hankook
Xuda Wang