This year, the Hixih Rubber Industry Group is investing nearly RMB 6 billion (£682.3 million) in its two subsidiaries, Shenzhou Tire and Tongli Tire. Two separate projects will see the creation of a new car tyre facility and a doubling of capacity for all-steel truck radials.
Ningxia Shenzhou Tire Co. Ltd. has broken ground on a new tyre plant in the city of Shizuishan in Ningxia Province, China. Company representatives have been quoted as saying that the production capacity forms the second phase of £1 billion project, the output of which is destined for high-end markets in the Europe and the USA.
If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.