On July 26, China National Development & Reform Commission allowed Qingdao Fullrun Tire's registration of international business loan.
Analysts said that the loan is probably used in Fullrun's Malaysia factory.
China’s Qingdao FullRun Tyre Corp., producer of the Antyre, Autogrip, Carbon Series, Fullrun, Fullway, Highplus and Turnpike brands, started to build its first overseas plant from 2017.
No details on the capacity of the new plant have been disclosed.
Fullrun produces passenger, light truck, medium truck, agricultural and OTR tires at its plant ccplex in Qingdao’s Hongdao Economic Zone, which opened in 2006.
The company claims annual sales of more than $400 million.
Fullrun does not list any agents for North America; Parrish Tire Co., however, lists the Carbon Series and Turnpike as brands it carries.
At this moment, Fullrun tire's Malaysia factory has completed equipment purchase and been under construction.According to plan, the company would come into operation in October.
