Recently, the signing ceremony of the agricultural tire plant cooperatively invested by Qingdao Double Star Group and Shifeng Group was held in Gaotang, Shandong Province, China.

Located in Gaotang Economic and Technological Development Zone, Shandong Province, the new plant is totally invested RMB 0.6 billion yuan, and will be built in three phases. The capacity will be 2 million units of agricultural tires per year when Phase I is completed. And the total capacity goal is 4 million units of light truck tires and 1 million radial tires per year.