Doublestar to invest €200m in plant relocation, upgrade

Shiyan, China – Qingdao Doublestar Co is to relocate its subsidiary Doublestar Dongfeng Tire in Shiyan, Hubei province and upgrade it into a smart factory.

The new plant, with planned annual capacity of 1.5 million unit truck and bus tires and 5 million unit passenger car tires, will be relocated to Zhangwan District Industrial Park in the same city. The new site has 300,000 square metre total area.

Doublestar will pump €191 million (1.5 billion yuan) investment into the new plant, and expects it to generate €18 million…

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