3.65 Billion Overseas Tire Project, Approved For Investment!
On September 11th, the People's Committee of Pingfu Province in Vietnam granted an investment license to Shandong Haohua Tire Co., Ltd.
It is understood that the Haohua (Vietnam) tire manufacturing plant project has a total investment of 500 million US dollars (approximately RMB 3.65 billion). The project is located in the Star SIKICO Industrial Zone in Pingfu Province, covering an area of 43 hectares. It is expected to be put into operation in the third quarter of 2025.
Wang Keqiang, Executive Director and General Manager of Haohua Tire, revealed that this project mainly produces semi steel tires and full steel tires. Its annual production capacity is 14.4 million units, and its annual output value can reach 770 million US dollars.
After completion and operation, it will help to increase the proportion of Pingfu Industry and drive the development of other supporting industries. At the same time, it is expected to create over 1600 job opportunities in the local area.
It is reported that this is the largest international direct investment (FDI) project in the history of Pingfu Province. In the first 8 months of this year, the province attracted 26 FDI projects with a total registered value of 710 million US dollars.
