Recently, six tire companies in Dongying Shandong Province, including Sailun Tie, started their new project construction.
Amongst, Sailun (Dongying) Tire planned to invest 350 million yuan to build up a high-performance half-steel radial tire production line;
Xingyuan Tire planned to invest 310 million yuan to build up a full-steel heavy-duty radial tire production line;
Shandong Hongsheng Rubber Technology planned to invest 165 million yuan to update its half-steel radial tyre intelligent project;
Dongying Fangxing Rubber planned to invest 10 million yuan to update its half-steel radial tire production line into intelligent line.
At the same time, Shandong Jinyu Tire planned to invest 56 million yuan on its Industry 4.0 update program. And Shandong Xingda Steel Cord Limited. planned to invest 120 million yuan to complete 200,000 tons/year of steel cord production line.
According to local government's schedule, there are 63 important programs to be invested in 2020, with a total investment of 28 billion yuan.
