Double Coin plans to produce 11.34 mln units of tires in 2018

On April 11, Double Coin released the company's 2018 tire production target, which would be 11.34 million units in 2018.

In 2017, Double Coin tire realized 8.036 billion yuan of operation income, yearly decreasing 4.94%, and its operation cost reduced 2.62% to 7.172 billion yuan compared to the same period of 2016.

The company produced 9,913,300 units of tires in 2016, year-on-year rising by 12.09%, and sold 9,993,600 units, yearly up 10.07%

Double Coin Holdings Ltd. is one listed company which publishing both stock A and stock B , majority-owned by Shanghai Huayi (Group) Company. The company is a famous tyre manufacture enterprise, with two famous brands of “Double Coin” and “Warrior”. With its strong force on technological research and development, the company possesses a state-level technical center. The company’s product is stable and reliable in quality and comparatively complete in specifications and types. The company sells its products to over 100 countries and regions and it also provides auxiliary products to over 30 domestic famous automobile manufactures.