27 Sep 2023
Plant to be located at tire maker’s Chongqing production facility in western China
Chongqing, China – Double Coin Group (Chongqing) Tyre is investing Yuan 100 million (€13 million) in building a new green tire production facility in Chongqing, western China.
The project is among nine investment projects to be carried out in the Shuangqiao Economic and Technological Development Zone with an overall value of Yuan8.9 billion, the Chinese government announced in a 25 Sept statement.
As part of the project, Double Coin aims to build a smart factory to manufacture “high-performance all-steel radial load-carrying” tires at its site in Chongqing.
The facility will involve equipment automation, product R&D and digitalisation to manufacture ‘green’ tires, said the Chinese-language statement.
The unit will “visualise production management and make corporate operations intelligent”, advancing the tire maker’s digitalisation ambitions and achieving higher efficiency.
The statement did not provide further details about the capacity of the plant or a timeline for construction.
The Double Coin Chongqing facility has been operational since 2008 and has the capacity to produce 2.5 million units per year of truck and bus radial tires.
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