Recently, Friends Tire Co., Ltd. has an annual output of 2×500 million semi-steel radial tire projects and started construction in the industrial agglomeration area in Bo'ai County. After the project is completed, it will fill the gap in the production of semi-steel radial tires in Henan Province.
According to reports, Friends Tire Co., Ltd. has an annual output of 2×500 million semi-steel radial tires, with a total investment of 1.92 billion yuan. The product is a car tire. It is planned to be built in two phases, of which one phase will invest 960 million yuan. After the project is completed and put into production, the annual sales income will be 3.32 billion yuan and profits and taxes will be 320 million yuan. The company plans to produce the first semi-steel passenger car tires early next year. At present, the company has signed a semi-steel radial tire sales agreement with an international logistics company.
Friends Tire Co., Ltd. is a joint venture between the Mainland and Hong Kong established in 2005. The company's first annual production of 1.2 million sets of all-steel radial truck tires has been completed across the board, with an annual sales income of 1 billion yuan. The company has a provincial-level enterprise technology center, and has successively developed 6 brands, 8 series and more than 100 kinds of tire products, including tires, tubeless tires, tireless tires, and tireless tyres, and FAW, FAW, and FAW. Jinan CNHTC and other well-known enterprises supporting. In January this year, the company also signed a $100 million supply agreement with the world’s largest tire distributor, the United States API Corporation.