Boto Tyre to Build New Passenger Car Radial Factory
Shandong Wanda Boto Tyre Co., Ltd., has revealed plans to build a passenger car production facility nearby its existing tyre manufacturing complex in China. Speaking to Tyres & Accessories company representatives explained how, despite the ongoing economic downturn, Boto Tyre's board and shareholders are confident that they can sell the up to 15 million passenger car radials the new plant is scheduled to produce. Around 1 billion yuan is believed to have been earmarked for the expansion and building work is set to begin in June, with the construction project expected to conclude by the end of the year. As vice director of international trade development, Rainbow Zhao told T&A “building projects don't take very long in China.”