The combined annual tire output capacity of tiremakers based in eastChina’sShandongprovince has exceeded 380 million units, accounting for nearly half ofChina’s total, according to a source at the tenth edition of China International Tire and Rubber Technology Exhibition held inQingdaocity on April 10.
In 2012, tiremakers inShandongraked in sales revenues of more than 310 billion yuan.
At present, there are nearly 560 tire enterprises inShandongwith annual revenues of more than 20 million yuan (or 3.15 million US dollars), according to the source.
(Contributed by Olivia, olivia@tireworld.com.cn)
