German mainland horse tires will double in fertilizer capacity
It is reported that the Continental Company's investment in the Continental Horse Brand Tire (Hefei) Co., Ltd. in Hefei has recently completed capital increase procedures, increasing the total investment from 260 million US dollars to 450 million US dollars, a net increase of 190 million US dollars, and will make the German Continental tires Hefei The annual tire production capacity of the factory has increased from the current 4 million to 8 million.
Continental Horse Brand Tire (Hefei) Co., Ltd. is located in Hefei Hi-tech Zone, and is the first factory in mainland China to build brand tires in China. The first phase of the project, with a total investment of 260 million U.S. dollars, was put into operation last May and will be completed by the end of this year. It will take only a year and a half to set a new rate of development for tires on the mainland. The first phase plans to produce 4 million tires per year for passenger cars and light trucks, mainly for China and other Asian countries. The second phase of the capital increase and expansion project is expected to be completed in July next year and will be completed in 2015.
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