Guizhou Tyre invests 50 mln yuan on full-steel tire project
On May 29, Guizhou Tyre started to construct its full-steel middle/small-size engineer tire production in Guizhou Province.
With a total investment of 49.91 million yuan， Guizhou Tyre plans to build up a 56,100 units/year of tire production line, which mainly produces 14.00R25 size of full-steel middle/small engineer tires.
The project is designed to complete construction in six months, which means that the new production line would be come into operation in January 2021.
The company said it is the second phase of the company's full-steel middle/small-size engineer tire project. The first phase has been under construction since November 2019.
With a total investment of 34.58 million yuan, the first phase construction would come into operation in June 2020, and realize 260,000 units/year of tire production capacity.
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