The Total Investment Is 3.6 Billion Yuan! Filing of Two Tire Projects
Recently, two domestic tire companies have completed the filing of new projects for investment. These two projects have a total investment of over 3.6 billion yuan, one domestically and one overseas.
General Stock
On June 8th, General Motors announced the completion of its Inner Mongolia tire project filing. At present, the company has received the "Project Filing Notice" approved by the local government.
The total investment of the above project is 1.511 billion yuan, located in Qingshan District, Baotou City. Its designed annual production capacity is 1.2 million high-performance all steel tires and 100000 OTR engineering tires.
After completion and operation, it is expected to increase annual operating revenue by 1.561 billion yuan.
sentury
On June 5, Sentury Tire said that the Moroccan project had obtained the relevant overseas investment project record.
They have received the "Notice of Filing for Overseas Investment Projects" and the "Certificate of Overseas Investment by Enterprises".
It is understood that the total investment of the project is 297 million dollars (about 2.1 billion yuan), located in Tangier, Morocco.
The construction period is 18 months and is planned to commence in July 2023. After full production, it can produce 6 million Sports sedan and light truck radial tires annually.
Senqilin's overseas Moroccan subsidiary completed its registration on April 27th.
