China’s General Science raises fund for €185 million new tire plant

Wuxi, China – Jiangsu General Science Technology is raising capital through private placement to fund a fully automated smart plant with 1.2 million unit annual capacity for high performance truck and bus tires.

The company plans to raise up to €171 million (1.3 billion yuan) funds, all of which will be pumped into the new plant with €185 total investment, said its announcement in March.

“We are a strong player in the replacement market…and our products have been in short supply,” said the announcement. “The traditional production…

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