As of March 27, the output and sales volume of tires by Shandong Fengyuan Tire Co., Ltd. have both exceeded one million in the first quarter.
Included were sales volume of 1.02 million, which was 110% more than it had expected for the first quarter and hit a three-year high.
Fengyuan Tire said it aims to sale 5.6 million tires in 2016 at least.
The company is a state-owned company that mainly produces semi-steel radial tires with planned annual capacity of 20 million tires.
