Signing ceremony of Shandong Yinbao Tire held

Recently, the signing ceremony of Shandong Yinbao Tire Group's yearly 3 million units of all steel radical truck tire project was held.

It is reported that locating in the industry park of Dingyuan County, Shandong Province, China, the project is invested RMB 1.7 billion yuan. Yearly 3 million units of all steel radical truck tires and 200,000 units of special tires projects are planed to be built. Fixed-asset investment of Phase I will be no less than RMB 0.8 billion yuan, and the investment horizon is from June 2013 to September 2014. Phase I will be put into trial production at the end of 2013, and achieve a capacity of 1.2 million all steel radical truck tires yearly.