Doublestar set to inaugurate 4.0 tire plant

Qingdao, China – Doublestar will bring its ‘Industry 4.0 high performance green passenger car tire’ plant on stream shortly, the company announced 21 Dec.

The tire maker declined to provide further details – including about the start-up date – but indicated that it had completed trialling and optimisation phases on the €105 million (826.7 million yuan) project.

Construction work on the 6 million unit/year facility, located at Doublestar’s site in Qingdao, started in 2016.

The passenger car tire plant is expected to generate €19 million annual profit on €275 million…

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