TU-TESL

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Looking back on this year, Chinese enterprises forge ahead and make unremitting efforts. In China, the backbone tire enterprises rely on their strong strength to continuously expand their investment scale; overseas, they frequently invest in new projects in several countries. Near the end of 2019, the tire world network points out the tire projects invested by Chinese enterprises at home and abroad. On March 1, the actr project, a joint venture between Sailun group and GRP tire, started construction in Vietnam. On October 1, the project took only seven months to complete the first tire offline. On November 18, actr tire company, a joint venture of the two companies, officially opened in Xining Province, Vietnam. The company has an annual output of 2.4 million sets of all steel radial tire intelligent production line, which can realize intelligent manufacturing in all fields. In September 2018, Saitai Tire Co., Ltd. bought 35% equity of Qingdao gerida Rubber Co., Ltd., while GUPT tire owns 65% equity of other gerida Rubber Co., Ltd. Since then, the two companies began to work together. On March 30, the foundation laying ceremony was held at the new factory of exquisite tire in Serbia. This marks a strategic breakthrough in the global industrial layout of the tire giant. The annual production capacity of the project is designed to be 12 million passenger tyres, 1.6 million truck tyres and 20000 engineering tyres. Linglong tire has been carrying out the "5 + 3" strategy, namely building five production bases at home and three overseas. On December 11, Hubei Linglong tire factory with a total investment of 5.4 billion yuan was officially put into production, which is the fourth production base in China. The plant can produce 12 million sets of semi steel radial tires, 2.4 million sets of all steel radial tires and 60000 sets of engineering radial tires annually. 2019 is a year of rapid development of Qingdao Double Star tire. On October 21, Shuangxing Dongfeng Tire Industry 4.0 intelligent new factory held a trial production ceremony in Hubei. This new factory with a total investment of 1.5 billion yuan can produce 5 million sets of medium and high-end semi steel tires and 1.5 million sets of all steel tires every year. On November 13, Shuangxing signed a joint venture agreement with Pakistan MSD tire rubber company and Daewoo Pakistan Bus Service Co., Ltd. The three parties jointly set up a joint venture to build an annual output of 7 million sets of radial tire plants in Pakistan. This is the first joint venture tire factory established by Chinese tire enterprises in Pakistan. The news of the joint venture of Shuangxing tire factory has just landed, and new news has come from Pakistan. On November 18, Chaoyang Longma tire signed a joint venture agreement with Pakistan tire manufacturer SEVIS Industrial Company. The two sides plan to invest in Pakistan to build a factory with an annual output of 2.4 million all steel radial tyres for passenger cars. The total planned investment of the project is US $250 million, and the initial investment is US $100 million. On the other hand, the project of Longma tire in China has also made new progress. On December 19, Longma and taikaiying cooperated in the all steel engineering tire project, and the first tire officially went offline. On September 20, general shares provided guarantee for the subsidiary general rubber (Thailand) Co., Ltd. with a total amount of no more than 5 billion baht. The company, founded in November 2018, is GM's first production base in Thailand. With an investment of 2.1 billion yuan, the project can produce 6 million semi steel radial tires and 1 million all steel radial tires annually. On December 28, the first all steel radial tire of this production base was officially put off the production line. The day before, its intelligent all steel radial tire factory in China also completed the first tire offline ceremony. The tire factory with an investment of about 1.5 billion yuan can produce 1.2 million sets of all steel radial tires annually after the production. On July 9, Wuxi Municipal Party committee and municipal government of Jiangsu Province held the opening-up meeting of the whole city to vigorously promote the construction of tire base. GM's Thai plant, together with the UAE tire production base in longdaobot, has become a push project. It is understood that the longdaobot Abu Dhabi tire project is the first project to enter the Sino Arab production capacity Cooperation Demonstration Park. With an investment of nearly US $300 million, the foundation ceremony will be held in January 2019. After the completion of the project, 10 million sets of semi steel radial tires and 1 million sets of all steel radial tires can be produced annually. The investment of the project is longdaobote Technology (Jiangsu) Co., Ltd., a wholly-owned subsidiary of the tire machinery manufacturer Sachi Huachen machinery (Suzhou) Co., Ltd. In March 2019, Guizhou tire announced the establishment of an all steel radial tire company in Vietnam. The company is registered as Qianjin tire (Vietnam) Co., Ltd. with a registered capital of US $42.9 million. The new company, as the main investor and implementer, will be responsible for the annual production of 1.2 million all steel radial tires in Vietnam. While the overseas strategy is tense, the domestic projects of the old tire manufacturer have not slowed down. In the middle of December, Guizhou tire Vietnam factory project and the domestic annual output of 3 million sets of tires project started successively. On March 31, a foundation laying ceremony was held at the initial investment of nearly 300 million US dollars for the plant in Thailand. The new plant has an annual design capacity of 4 million semi steel radial tires and 800000 all steel radial tires. As the first overseas production base of Pulin Chengshan, this factory is an important step for its expansion and international development.