In the face of superior resource advantages and strong policies for benefiting enterprises, the adjustment of rubber compounding rate in China's compound rubber, the increase in natural rubber tariffs, and the fact that the United States has implemented trade frictions such as “double-reverse†on my passenger and light truck tires. In order to get rid of the current dilemma, one of the coping policies of the Chinese tire industry is to speed up the pace of setting up factories overseas and promote the progress of project construction.
The "Shandong Tire Industry Transformation and Upgrade Implementation Plan" promulgated in October 2014 clearly supports the backbone enterprises to become bigger and stronger. One of the implementation paths is to "accelerate the international industrial layout" and support the triangle, exquisite, racing wheel, Hengfeng, double star, Companies such as Ogori go to Southeast Asia and other places to carry out industrial layout and promote the diversification of raw materials and markets.
On December 15, 2014, the second phase of the Vietnam radial tire manufacturing project of Sailun Jinyu Group Co., Ltd. was filed with the Qingdao Development and Reform Commission. After the completion of the second phase of the project, the construction scale of the racing wheel (Vietnam) will increase to 7.8 million semi-steel radial tires and 15,000 tons of all-steel engineering tires. The total project investment increased from US$95 million in the first phase to US$260 million. In order to solve the problem of construction project funds, the total amount of funds raised by the non-public offering of the Jinyu Group was 727.9 million yuan, of which 290 million yuan was used to increase the capital of the Vietnamese subsidiary.
In February 2014, the first phase of the Linglong (Thailand) plant project produced 2 million sets of high-performance radial tires, which were completed and put into production. The second phase of the project has been filed by the National Development and Reform Commission. Linglong's globalization strategy is based on the Thai factory and eventually reaches three overseas manufacturing bases. The Thai plant is expected to have a total investment of nearly 700 million US dollars. The overall scale is 13.2 million high-performance radial tires per year, and it is expected to be completed and put into production within 3-4 years.
In late November 2014, Zhang Limin, deputy general manager of Zhongce Rubber Group Co., Ltd., led a team of 7 people from the equipment center, production department and energy department to Zhongce Thailand. At the project site promotion meeting, the importance and urgentness of the project was urgent. Sexually elaborated on the progress of each sub-project, and strived to achieve the first tire downline in May 2015.
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