Shandong government recently approved to pilot tire commodity trade in Guangfeng Rubber & Tire Trading Center. It is the first time to trial run rubber & tire commodity trade in Shandong Province.
At the beginning, the center mainly trades natural rubber, and palns to expand trading to over ten prodcutions.
Shandong Guangfeng Rubber & Tire Trading Center, invested by 6 companies including Hengfeng Plastics, registered in February 2015, with 50 million yuan of registeration capital in all.
It is prdicted that the center could reach 500,000 tons/year of natural rubber trading, and realize 20 billion yuan of revenue after operation.
