High Demand And High Profits! Layout of Another Tire Manufacturer
On June 19th, the "All Steel Radial Tire Capacity Enhancement Project" of Shuangqian Group (Jiangsu) Tire Co., Ltd. was accepted and publicly announced by relevant departments.
This project is an expansion project with a total investment of 150 million yuan. Among them, environmental protection investment is 20.36 million yuan, accounting for 13.6% of the total investment.
This expansion will not increase the overall scale of the factory or add new employees. It plans to eliminate the production capacity of 300000 all steel heavy-duty tires and increase the production capacity of 80000 engineering tires. At present, the factory has an annual production capacity of 2.9 million steel heavy-duty tires and 74000 engineering tires.
After expansion, the entire factory can produce 2.6 million all steel heavy-duty tires and 154000 engineering tires annually. This project is expected to start production in August this year.
Currently, there is a strong demand in the off road tire market, and many tire companies are gradually expanding their presence.
Not long ago, Guizhou Tire suspended its long planned all steel tire project and switched to an engineering tire project.
The newly built Inner Mongolia project by General Motors also includes 100000 engineering tires.
In addition, leading enterprises such as Sailun, Linglong, and Zhongce have all made layouts in this field.
The report shows that by 2027, the global market capacity of off road tires is approximately 3.7 million tons, with broad market prospects.
At the same time, its market environment is relatively good, and its individual profits are significantly higher than other tire categories.
