Huahao Tire steps Sri Lanka project further
Recently, Shandong Haohua Tire has signed a design cooperation with Qingdao Xiangjian Industry Engineer Co.,Ltd. for Haohua Sri Lanka project, which is the first oversea project of Haohua Tire.
According to Tireworld's report, Haohua Tire plans to invest 200 million dollars to build up a tire company in Sri Lanka.
Located in Shouguang Shandong Province, Haohua Tire has planned five phases of projects .
The company plans to build up 6 million units/year of half-steel radial tire plants in the first phase, and build up another 6 million units/year of half-steel radial tire in the second phase.
In the third phase, the company plans 2.4 million units/year of full-steel radial tire production line and another 3 million units of full-steel radial tire in the fifth phase.
In the fourth phase, the company would build up its own logistic base.
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