Intensive foreign investment enterprises to seize the Chinese tire market – Mult
As optimistic about the potential of Chinese tire market, including Bridgestone, Michelin and other tire companies, including giants are stepping up overseas production expansion in China.
It is reported that, following the layout of Shenyang, Tianjin, Wuxi and Huizhou, the world's first Bridgestone tire plant in Wuxi again last year 98 million U.S. dollars capital increase plan in July 2011 from Nissan will be producing extended 12 000 8000 . The world's second-largest tire manufacturer Michelin has announced that it would invest one billion U.S. dollars in the construction of the Shenyang Passenger and truck tire plant, commissioned in 2012; February 2, Michelin Youyi 170 million yuan a transferee shares held by other shareholders, fully take over the company's Shanghai Michelin Warrior.
In addition, Continental AG a total investment of 600 million euros in the project was officially started last year by the end of September, the annual capacity of 16 million passenger car tires and two million commercial vehicles tires. Hangzhou Yokohama Tire passenger tire factory on the fourth phase expansion plan to capacity from three million to 5.1 million. Toyo Tire & Rubber Company announced it will invest 9.8 million U.S. dollars to establish a wholly owned subsidiary in Zhangjiagang, production car and light truck tires.
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