JINING, China — Hixih Rubber Industry Group is planning to add annual capacity for 12 million passenger tires and 2 million truck/bus tires at its Shenzhou Tire and Tongli Tire Co Ltd. subsidiaries in Jining, Shandong, pending regulatory approval. The projects are budgeted at $690 million and include the construction of new production areas totaling more than 8 million square feet at the two subsidiary companies.
The car tire expansion at the Shenzhou Tire facilities represent an investment of $410 million and a physical expansion of 5 million square feet. The truck/bus tire project, budgeted at $280 million, will double the Tongli Tire factory’s capacity to 4 million units a year, Hixih said. The company anticipates adding production areas covering 3 million square feet and equipping the expansion with state-of-the-art equipment sourced from leading international suppliers.
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