Jianxin Reduced 1/3 of Investment on Tire Project

Recently, the tire project of Jianxin Tire Co., Ltd. was under environmental assessment. Due to the limitation on plant area, the product program of this tire project has been adjusted and the investment has been also reduced by 1/3 correspondingly. The new construction scheme of the project is that the first-phase project, an annual output of 1.5 million industrial and mining tires, remains unchanged, but there will be only one giant OTR project with an annual output of 10 tires to be built in the second phase. Meanwhile, the total investment of the project has been reduced to 5.49 Billion Yuan. This project started from design in January 2020 and is expected to complete and put into trial production in June 2021. The other construction items originally filed and recorded in the second-phase of the project, including the annual output of 13 million green and environmental semi-steel radial tires, 3 million inner tubes, 3 million cushions, 50 thousand tons of tread rubber and 20 thousand tons of cushion gum and adhesive tape, will be restarted after the company obtains the follow-up construction land.

According to reports, Jianxin’s industrial and mining tire project started on March 27, 2019. It is an “Industrial 4.0” intelligent project with world-leading technology and the single specification ranking first among the global industrial and mining tire industry.