Yesterday morning, Hangzhou Zhongce Rubber Co., Ltd. invested a total of 8 billion yuan in radial tire projects and signed an agreement in Jintan. Prior to the signing ceremony, Fan Yanqing met with Zhao Jilai, director of the Hangzhou Economic Commission, Fu Liqun, Chairman of Hangzhou Industrial Assets Management Investment Group Co., Ltd., and Shen Jinrong, Chairman and General Manager of Zhongce Corporation. Hangzhou Zhongce Rubber Co., Ltd., founded in 1958, is currently the largest tire manufacturer in China and ranks among the top 10 tire companies in the world.
The construction of the largest domestic radial tire production base in the Jintan Economic Development Zone is a major strategic decision for China Construction Corporation's structural adjustment, optimization and upgrading. The first phase of the project will invest 1.5 billion yuan to form an annual output of 10-12 million high-grade radial tires, and achieve an annual sales income of 4 billion yuan. The entire project construction period is expected to be 6-8 years, with a total investment of 8 billion yuan, and ultimately achieving a production scale of 20 billion yuan in annual sales. Fan Yanqing hopes that Jintan City will take advantage of the situation, continue to highlight the "big project, big industry" concept, and strive to create a first-class development atmosphere, truly do a better and stronger group of large and competitive enterprises in the country, big industry.
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