Anhui Heding Tires Technology produced the first tire on its 4 million unit/year high-performance steel-belted radial tire line on July 29, which marked that the company’s high-performance steel-belted radial tire project has formally come into run.
With a total investment of 2 billion yuan, the project is divided into three phases. The first phase has been finished recently, with 4 million unit/year of production capacity built up.
Heding project, started since April 2011, plans to form 12 million unit/year of high-performance steel-belted radial tire production capacity and realize 4 billion yuan of revenue after completion, and targets to sell its products in middle-/high- market abroad.
