Tongli Tire to build up 2 mln units/year of full-steel tire project in Yanzhou
2014-7-2 15:02:00Editor：AmandaFont Size：Big Medium Small
Recently, Tongli Tire Co.,Ltd has pushed 2 million units/year of full-steel radial heavy duty tire project under construction in Yanzhou, Shandong Province, according to Tireworld’s report.
With 1.97 billion yuan of total investment, Tongli Tire plans to completed construction in April 2015.
After finished, the project is predicted to recover its investment in 6 years and realize 2.99 billion yuan of revenue within 263 million yuan of net profit every year.
Tireworld
Related Article
- 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
