Triangle Tire to set up factory in Bashkortostan
The Republic ofBashkortostan's government announced recently thatChina's Triangle Group Co., Ltd planned to invest 250 million Euro to build up a factory with an annual production capacity of 4 million tires in Bashkortostan.
Now, Triangle Group is inspecting two pieces of land near Sterlitamak.
TheRepublicofBashkortostan's government will offer preferential policies to Triangle Group, such as free their ten-year's property tax and several other categories of taxes. The republic will also pay for the expenses of related infrastructure construction.
China's Triangle Tire Holding Group was established in 1976. Its main products are all types of tires, such as tires for passenger car, truck, coach, special vehicle, oversized tires est. Now, its annual output reaches 30 million tires.
- 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
