Recently, Shandong Weifang Government has approved 337 projects, with 6 projects referring tire industry.
These six projects have over 3 billion yuan of total investment, divided into three new projects and three under-construction projects.
New Projects
Shandong Daye Shares invested 2 billion yuan to build up a 100，000 tons/year of radial tire steel cord project, and planned to complete construction by the end of 2020.
Werifang Special Steel Group invested 1.98 billion yuan for 800,000 tons/year of high-performance radial tire bead wire and steel cord, and planned to come into operation by March 2023.
Shouguang Henghua invested 500 million yuan for 7200 units of tire mold, and planned to complete main project construction.
Under construction Projects
Shandong Haohua Tire invested 2 billion yuan for 3 million units of full-steel radial tire production line and 1 million units of tire inventory project, and its construction period was March 2017 to May 2019.
Shandong Haomai Machinery invested 3.52 billion yuan for a high-end mold intelligent manufacture project, which was started construction from February 2015, and planned to finish construction by the end of 2020.
Shandong Helon Polytex Chemical Fibre invested 520 million yuan for 15000 tons/year of High strength and high modulus compound fiber.
Shandong Helon Polytex Chemical Fibre takes the lead in scale of production,variety of products,equipment and technology among tire cord fabric and belting fabrics factories within China.
