Doublestar Tire Invests RMB4.5 bln in Smart Manufacturing

A total of 23 key programs, including Doublestar Tire's smart manufacturing project (Industry 4.0), came on stream, or started construction on June 30 in Dongjiakou Economic Zone, Xihaian New Area of Qingdao, Shandong province.

With an overall investment of nearly 60 billion yuan, the programs covered maritime culture, warehousing and logistics, timber transaction, advanced materials, and high-tech equipment manufacturing, etc.

Among the 23 programs, eight had come on stream, with investments of 20.2 billion yuan; seven had started construction, with investments of 18 billion yuan; and eight had signed agreements with the economic zone, with investments of 21.6 billion yuan.

Doublestar Tire's smart manufacturing (Industry 4.0) base program, with total investment of 4.5 billion yuan, is a real "Industry 4.0" smart factory.

The program includes a green tire smart manufacturing base, a green tire equipment manufacturing base and a green tire logistics center.

During the manufacturing process, robots will be used with regard to the plan, and all the roofs of the factories will be installed with solar cell panels for photovoltaic power generation.

Upon completion of the program, the annual capacities will be 4 million sets of all-steel green tires and 6 million sets of semi-steel green tires.

On the same day, Doublestar Group was awarded by the Ministry of Industry and Information Technology as a national "model of quality". It is the only company in the smart manufacturing sector receiving the award.

All programs engaged by Doublestar are in accordance with the industrial development plan of a port as well as the development concept of circular economy, and they will help improve and upgrade the regional industrial structure.

Dongjiakou Economic Zone is one of the nine core regions of blue economic zones in Shandong peninsula and a national demonstration zone of circular economy.