On June 26, the strategic cooperation agreement for the flexible production line project with an annual output of 1.8 million all-steel radial tires was signed in Yuanping Economic Development Zone, Xinzhou City, Shanxi Province.

With a total investment of 5 billion yuan, the project will be built by Dongyue Tire Retreading Products Factory in Dawang Town, Guangrao County, Shandong Province.

The picture above shows the person in charge of Yuanping Economic Development Zone and Yue Shoucheng, chairman of Dongyue Tire Company, signed the contract on behalf of both parties.

After the project is completed and put into production, it is estimated that the output value will reach 2.7 billion yuan, the profit will be 540 million yuan, and the profit and tax will be 60 million yuan. It will become the largest tire R&D and production base in Xinzhou City.

At the same time, it vigorously promotes Dongyue Tire's continuous progress towards the goal of a first-class tire manufacturer of "green, intelligent, service-oriented, and high-end".