·Hongrui Rubber New Tire Project passed the record

On May 14th, the new radial tire project of Hongrui Rubber Co., Ltd. of Julu County, Hebei Province was filed by the Julu County Administrative Approval Bureau.

The filing matters are: fixed assets investment projects.

According to Tire World Network, after the project is completed, it can produce 500,000 high-performance radial tires every year.

Hongrui Rubber was established in January 2018, less than half a year ago.

The information registered by the Julu County Industrial and Commercial Bureau shows that the company's business scope includes rubber processing and sales; manufacturing and sales of engineering vehicle tires.

An industry insider told Tire World, the tire industry as a manufacturing industry, the project needs to invest more funds in the early stage.

In 2018, the industry was affected by the rising prices of environmentally-friendly high-pressure and rubber additives, and it was in the stage of de-capacity.

He believes that in this situation, blindly entering the tire industry without clear planning may encounter unpredictable difficulties after the project is completed.

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