Doublestar will bring its ‘Industry 4.0 high performance green passenger car tire’ plant on stream shortly, the company announced 21 Dec.
The tire maker declined to provide further details – including about the start-up date – but indicated that it had completed trialling and optimisation phases on the €105 million (826.7 million yuan) project.
Construction work on the 6 million unit/year facility, located at Doublestar’s site in Qingdao, started in 2016.
The passenger car tire plant is expected to generate €19 million annual profit to €275 million, including 5 million units/year of full-steel tires, 10 million units/year of half-steel tires and 100,000 units/year of large-project tires.
