Shenzhou Tire starts work on 5m unit/year TBR facilities
10 Nov 2015
Shizuishan, China – Shenzhou Tire has broken ground on its 5 million unit/year TBR facilities at Pingluo Industrial Park in Shizuishan, Ningxia, according to the company.
This is the second-phase of Shenzhou Tire’s 20.1 million unit/year radial tire project with Yuan10.5 billion (€1.5 billion) earmarked for investment.
The first phase, with 2.6 million unit/year TBR capacity, started construction in June 2013 and produced its first tire in May.
“We’ll be targeting high-end markets and are planning to export to the US and Europe,” said Chen Gang, president of Shenzhou Tire.
The third phase, including 2.4 million unit/year TBR capacity, 10 million unit/year PCR capacity and 100,000 unit/year aircraft tire capacity, might be constructed overseas to counter the tariffs, according to Chen.
Shenzhou Tire was set up in 2013 as a subsidiary of Ningxia Dadi Circular Development, a chemical conglomerate with 5,000 employees and €2.9 billion annual production value.