Triangle tyre to invest 275 million expanding TBR capacity
Tyre maker Triangle Tyre Co. Ltd is reportedly planning to invest 275 million euros in raising its production capacity to 2 million radial truck tyres a year. According to reports published by Tyres & Accessories’ German sister publication NeueReifenzeitung (reifenpresse.de), the investment is earmarked for the development of the company’s operations in Weihai, Shandong province. NeueReifenzeitung reported that the large Chinese tyre manufacturer has a total of three plants in Weihai where is also produces OTR production as well as tyres for cars, agricultural and industrial vehicles.