Ecostar (Qingdao) Holdings Company Limited, a subordinate of Doublestar Group, signed a cooperative agreement with GrandOcean Advanced Resources Company Limited and Magnificent Star (Hong Kong) Limited on September 23, 2019 for the joint-venture project of headquarter base for green and ecological recycling of waste tire (rubber).

According to the agreement, upon completion of the headquarter base, it will take full advantage of Ecostar’s global advanced technology and equipment to build 10 smart factories for waste rubber recycling around the world in three years with the investment of about 3 Billion Yuan. Meanwhile, it will expedite the application for national key lab for waste rubber and plastic to become the maker of standards and regulations.
In recent years, by catching the opportunity of the fourth global industrial revolution, Doublestar has accelerated the transformation of intelligent enterprise. It has not only built the first whole-process “Industry 4.0” smart factory in tire industry of the world, but also developed three new industries, intelligent equipment, industrial intelligent logistics (including robots) and green and ecological recycling of waste rubber. Thus, Doublestar is also called “the leader of intelligent tire manufacturing in China”.    

Doublestar has built the world first “Industry 4.0” smart factory for green and ecological recycling of waste tire in Runan County, Henan Province, becoming the only enterprise in waster tire recycling field of major scientific and technological special projects launched by Ministry of Science and Technology in 2018.