Guopeng rubber was sold at auction
Recently, Shandong Shouguang Court announced to sell Shandong Guopeng Rubber Co.,Ltd's full-steel radial tire production line at auction, with 53,173,300 yuan of auction price, during June 10 to June 11.
The production line was estimated at 66,466,600 yuan.
Shandong Guopeng Rubber Co., Ltd. specializes in research, development, manufacturing and sales of high-end performance automobile tires.
The company is located in Yangkou Manufacturing Industry Park of Shouguang, known as an important economic circle in Bohai Economic Development Zone, and covers an area of 900 mu, with the total investment of RMB 2.24 billion and the annual productivity of 2 million sets of all-steel radial tires in phase I project construction and 12 million sets of semi-steel radial tires in phase II project construction.
Due to capital problems, Guopeng Rubber's asset has been left as a pledge, and frozen by local court.
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