Lately, Hangzhou Taihong Rubber Track Co., Ltd. Integrally moved its rubber track production line project, with the total investment of 130 Million Yuan, to Qiantan Town, Hangzhou City, Zhejiang Province.

Upon the completion of the project, Taihong will form a production capacity of 600 thousand rubber tracks per year with annual output value reaching up to 550 Million Yuan. The project has completed the asset transfer now and came into the specific implement period as such implementation of environmental assessment, establishment of project company, etc. It is estimated to put into trial production at the end of June and achieve output value of 30 Million Yuan in the current year.