An annual output of 10 million high-performance tire projects started in Jiangsu Jintan

On June 15, 2012, 11 industrial and service projects with a total investment of 11.8 billion yuan were launched at the same time in Jintan, Jiangsu Province, to fuel growth, innovation, transformation, and acceleration of the "second lead." Six advanced equipment manufacturing and new materials projects accounted for more than 90% of the total investment.

In recent years, Jintan has focused on creating emerging industrial clusters such as new energy, new materials, and advanced equipment manufacturing, accelerating transformation and upgrading, and increasing the degree of industrial concentration. It has become China's first batch of new material industry demonstration bases, China's photovoltaic industry demonstration bases, and Jiangsu Province's first batch of innovative pilot cities.

The Zhongce Rubber (Jintan) tire project started today is invested by the top 200 manufacturers in the Chinese manufacturing industry and the Tier One company in the tire industry. The total investment of the project is 8 billion yuan, and 2.4 billion yuan will be invested in the first phase to build a 218,000 square meters factory. After the first phase of production, the annual output of high-performance half-steel cars, light-load radial tires will be 10 million, and engineering vehicle tires will be 500,000. The production capacity is expected to form a sales scale of RMB 20 billion after the project reaches production, and it will become a model factory for product technology upgrading, comprehensive utilization of resources, and application of environmental protection and energy conservation technologies in the industry.

The start of construction today also includes an annual output of 500 million (sets) of high-performance automotive engines , gear transmission oil seals and brake system seal production lines, an annual output of 180,000 tons of energy-saving photovoltaic coated glass production lines, and domestic leading high-purity titanium manufacturing. The Group has advanced manufacturing projects with strong independent R&D capabilities, broad market prospects, and industry-leading standards.

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