Beijing Capital Tire has declared bankrupt since Oct. 29 2015, report from Tireworld.com.cn.
The company has gradually terminated laborship with over 1000 employees from the first half year of 2015. And nowadays, the company has applied for bankrupcy protection, said Xiong Yunjun, market manager of Beijing Capital Tire.
Beijing Capital Tire, subsidiary company of Beijing Capital Group, is a state-owned radial tire manufacturers in China.
As one of China top 24 tire munufacturers, Beijing Capital Tire mainly produced passenger radial tires and heavy-duty bias OTR tires, and has been listed in the world's Top 75 Tire Manufacturers.
