Guizhou Tire begins $350 million construction project on two China factories

Guizhou Tire recently broke ground on two new tyre production facilities on December 14 and 15.

One is near the firm’s headquarters in Guizhou, Guiyang province, the other one is in Vietnam.

According to the reports, when operational, the first – a 210 billion yuan plant – is expected to generate nearly 300 billion yuan annually. Capacity is salted to be 3 million truck tyres a year.

12月14日和15日，贵州轮胎国内年产300万套和海外年产120万套高性能智能化全钢子午胎项目，相继开工。

The other one locates in Vietnam, which was designed to produce 1.2 million units/year of high-performance full-steel radial tires.

With a total investment of 214 million dollars, the project could realize 150 million dollars of sales revenue every year.

Those two projects would be built up Guizhou Tyre's green and intelligent factories, basing on big datas and information technology.

Guizhou Tyre is a famous commercial tire company in China, owning several brands such as Qianjin、Jingang and so on.