21 Jul 2021
Will house a new plant in addition to facilities being relocated from existing site in Anhui province
Hefei, China – Giti is to relocate its tire site in Hefei, Anhui province to Changfeng county in the same prefecture, in response to complaints over environmental issues. The plan has been approved, this month, by Hefei authorities.
The new park has €946 million (7.22 billion yuan) investment earmarked and covers 1.7 million square metre total area, said a government announcement. Total floor area will reach 720,000 square metres.
The park will also house a new plant in addition to the relocated facilities. Construction of the new plant will begin this September and complete by the end of 2026, said an earlier announcement.
Relocation of the old plant will start in May 2025 and wrap up by 2026 as well, it said.
When in full operation, the park will be able to produce more than 20 million passenger car tires and more than 2.6 million truck and bus tires annually. It will generate €786 million production value each year.
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