Haohua Tire increased 30% production capacity in 2018

Recently, Haohua Tire completed its seven projects' construction and put into operation, which helped the company rank the 38th position in Global Top 75 Tire Companies, and the 12th position of China's Top Tire Companies.

According to the company' general manager Wang Keqiang said, Haohua Tire was founded in 2011, with 8.5 billion yuan of total investment. The whole investment divided into seven phases.

The first and second phases were building up 12 million units/year of half-steel radial tire plants; the third phase was to build up 1.8 million units/year of full-steel radial tires project; the fourth phase completes its storage program and the fifth phase completed 3 million units/year of full-steel radial tire program.

Besides, there were other two programs, including 1.5 million units/year of full-steel radial tires project in Huadong Rubber and 24 million units/year of half-steel radial tires project in Caoxian Zhengdao.

Nowadays, all the programs came into operation.

Statistics showed that the company accumulated produce 35,556,000 units of tires in 2018, yearly increasing 30%, and realized 8.33 billion yuan of sales revenue in 2018, yearly raising by 20%.

Wang said, the company recently put 3 million units/year of full-steel radial tires into operation, which was predicted to realize 2.4 billion yuan of sales revenue in 2019.

The company aims to rank into Top 3 Chinese Tire Manufacturers and Top 20 Global Tire manufacturers by 2022, and realize 15 billion yuan of sales revenue by then.