A Number of Tire-related Projects Involved in Shandong’s Technical Innovation List
The Economy and Information Commission of Shandong Province has released the third batch of plans for technical innovation, including 1,070 projects (excluding those from Qingdao city).
Included were 41 projects from 21 rubber companies with an overall R&D expense of some 360 million yuan. Upon completion of the projects, about 2.98-billion-yuan worth of sales revenues will be generated.
Among the rubber companies, seven projects with an investment of 125.5 million yuan belonged to the Triangle Group.
Shandong Linglong Tire plans to invest 62.5 million yuan; while Shandong Fengyuan Tire Manufacturing has six projects involved in the list.
Basic Information of the 3rd Batch of Projects for Technical Innovation in Shandong Province
(Unit: Million Yuan)
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- Tireworld Insight: Domestic tire makers eye overseas expansion
- Tireworld Insight: Price disparity severe between China's rubber exports and imports
- Tireworld Insight: China tire exports dependent on US market performance
- Tireworld Insight: SHFE rubber expected to move in tight range in short-term
- Tireworld Insight: Rubber futures to test near-term resistance at 15,000 yuan/tonne
- Tireworld Insight: China’s tire industry on track of rapid growth
