Yanchang Rubber aims 6 bln yuan of sales revenue in 10 years

Shanxi Yanchang Petroleum Northwest Rubber recently released its development plan.

The company plans to reach 6 billion yuan of sales revenue in the next 10 years, and realize Industrial 4.0、capitalization at the same time, building up an international rubber company. 

Besides developing rubber industry, Yanchang Petroleum also plans to build up radial tire plant、rubber production plant、high/low pressure hydraulic rubber hose plant and natural rubber process plant.

The company divided the plan into three phases.

First, the company plans to realize 3 billion yuan of sales revenue in 2020;

Secondly, the company plans to realize 4 billion yuan of sales revenue between 2021 to 2023;

Thirdly,  the company plans to reach 6 billion yuan of sales revenue from 2024 to 2029.

Besides, the company plans to build up 2 million units of full-steel tires and 10 million units of half-steel tires production, and 20,000 tons/ of aircraft tire production.

Taking its capacity advantage, the company also plans to produce high/low pressure hydraulic rubber hose for engineer machinery plants.

At last, the company also expects to go IPO in capital market.