Recently, the foundation-laying ceremony of Hixih Rubber Industry Group's Italian Industry City was held in Yanzhou, Shandong, China.
Italian Industry City is invested RMB 30 billion yuan, and is expected to be a gathering place of European and American enterprises in China in 3-5 years.
The two projects started at the ceremony are annually 100,000 units upscale OTR project and annually 500 000 tons special steel wire rope project.