Recently, Tongli Tire Co.,Ltd has pushed 2 million units/year of full-steel radial heavy duty tire project under construction in Yanzhou, Shandong Province, according to Tireworld’s report.
With 1.97 billion yuan of total investment, Tongli Tire plans to completed construction in April 2015.
After finished, the project is predicted to recover its investment in 6 years and realize 2.99 billion yuan of revenue within 263 million yuan of net profit every year.
