China TBR maker General Science goes public

Shanghai – China’s tire maker Jiangsu General Science Technology went public on the Shanghai Stock Exchange in an 861 million yuan (€116 million) IPO on 19 Sept.

Capital raised will be pumped into its TBR facility with 1 million unit annual capacity with €102 million investment planned – the second phase of a 2 million unit project – and a new research centre. Both will be constructed at the company’s base in Wuxi, Jiangsu.

Domestic tire makers take up the majority of China’s TBR market thanks to…

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