Recently, Guangrao, a county of Shandong Povince, announced its key projects in 2018.
Lubo Rubber Technology Co.,Ltd plans to build up a 5,000,000 units/year of high-performance green full-steel heavy duty radial tire project.
The new project, with a total investment of 3 billion yuan, will invest 1.2 billion yuan in 2018 used in buying main equipment and basic building projects.
Lubo rubber, registered in 2018, has Shanghai Shenpu Tire and Shandong Huasheng Rubber as its shareholders. At the same time, Zhang Jinyu, supervisor of Lubo Rubber, is also one of Huasheng Rubber's main shareholders.
Since 2017, Huasheng rubber has aimed to expanding production and merger new production.
