Guangrao County, Shandong Province’s environmental protection department announced recent administrative penalty information in June. Tyrepress found that tyre manufacturer Yongsheng Rubber received six fines of 1.2 million yuan (£149,560; 173,892 euros; $178,830). Meanwhile, the person in charge of the related projects was fined 300,000 yuan.
Tyrepress has learned from people familiar with the matter that the shareholding of Shandong Yongsheng Rubber Group Co., Ltd. has changed recently. After the equity change, Tian Xiuzhen held 50 per cent and became the group’s major shareholder. Liu Zijun and Liu Huiqin each own 25 per cent of the shares.
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Yongsheng Rubber