·General plans to invest in the construction of the third phase of all steel tires
On August 4, Jiangsu General Technology Co., Ltd. stated that it intends to invest in the construction of the third phase of the all-steel radial tire project. The project is based on the creation of an intelligent and automated production line with a total investment of no more than RMB 1.2 billion. After full production, it can produce 1.2 million all-steel radial tires per year. It is reported that the construction site of the third phase project is located in Hongdou Industrial Park, Donggang Town, Xishan District, Wuxi City, Jiangsu Province, with a construction period of 2-3 years. According to GM's estimation, after the project is put into production, the operating income will reach about 1.8 billion yuan, and the net profit will be about 100 million yuan. Currently, it has passed the review of the company's board of directors. At the same time, the tire manufacturer said that the annual output of 1.2 million all-steel radial tire projects still needs to be approved by the relevant departments of the Ministry of Commerce. It is reported that GM Shares is a subsidiary of Hongdou Group Co., Ltd. It is a company engaged in the R&D, production and sales of all-steel radial tires and bias tires. It has many well-known brands such as Maxima, Red Rabbit and Hummer. In February 2017, the company announced that its passenger car radial tire project with an annual production capacity of 6 million is expected to be completed and put into production in December 2017. Springfree Trampoline,Springless Trampoline,Elastic Bungee Trampoline,Trampolines Without Springs Jiangsu Baoxiang Sports Equipment Co., Ltd , https://www.skyboundbx.com