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American Tire Corporation hand Qingdao Pingdu rubber company annual output of about 5000000 tires

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American Tire Corporation hand Qingdao Pingdu rubber company annual output of about 5000000 tires

Release date:2017-01-05 Author: Click on:

12, the United States and Qingdao Cooper Tire & Rubber Company Rubber Co. Ruida company formed a joint venture company officially unveiled, the first joint venture into billions of dollars in Pingdu city. The joint venture company tires production expanded to about 5000000, will become the main production base of Cooper Tire Company Global card bus tires, tire production base to build the region's largest.

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The morning of December 12th, the United States and Qingdao Cooper Tire & Rubber Company Ruida Rubber Co. Ltd. joint venture ceremony held in Qingdao city Yiwei Yi Valley Rubber Research institute. American Cooper company and Qingdao Rui lattice Ltd. joint venture, the company plans to Cooper existing Qingdao Ruida company annual 2 million lattice steel tire production capacity, comprehensive expansion to an annual output of 2 million 500 thousand to 3 million of all steel tire and a nearly equal number of car tire production scale. Then, located in Pingdu Ming village of new polymer materials industry agglomeration district joint venture company, will become the main production base of Cooper Tire Company Global card bus tires, to meet the needs of North America, Asia and other market customer demand, is committed to build the region's largest tire production base.

"Rui rubber Limited company to establish a new and cooperative relations is an important step in our strategic plan, it can enrich the Cooper steel tire supply sources, but also reflects the company to market the high degree of confidence China." BradleyE.Hughes CEO and President Cooper (Bradley Hughes?) Mr. said at the opening ceremony.

Qingdao Ruida Rubber Co. Ltd. is a domestic funded enterprises, registered capital of 350 million yuan, equity acquisitions and capital increase, the change is a Sino US joint venture, the joint venture total investment of 1 billion 315 million yuan, registered capital of 438 million yuan, accounting for 65% of the proportion of foreign investment. The joint venture company has become the first of billions of dollars in Pingdu city.

It is understood that the joint venture is located in Pingdu Ming Village, by the Shandong provincial government named rubber tire industrial town, is the Qingdao Municipal Bureau of Commerce issued the first batch of ten "foreign brand town" one, with an annual output of more than 1200 sets of tires, exported to Europe, Africa, Asia, North America and other more than and 10 countries and regions. According to Ming Town Pingdu City party secretary Xiao Yongwen introduction, the formation of the joint venture company, is the comprehensive reform of small and medium-sized city villages and towns leveraging national pilot, accelerate the reform of the supply side, the implementation of the "great achievements attracting large and strong" investment strategy, will greatly promote the transformation of Qingdao and Pingdu rubber tire industry upgrade.


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