Guizhou Tyre to raise production with new plants in China, Vietnam

China-based tyre manufacturer Guizhou Tyre recently broke ground on two new production plants near the company’s headquarters in Guizhou, Guiyang Province. Once constructed and fully operational, the US$307 million plant is expected to generate nearly US$426 million annually from its 3 million-odd truck/bus tyres produced. The new plant will mark the final phase of Guizhou Tyre’s relocation programme in the homeland, and also includes the construction of a separate, US$41 million factory to manufacture about 5,000 “giant engineering tyres.” The factory is to be complete in January 2021.

In addition to their added Chinese capacity, Guizhou Tyre’s US$214 million Vietnam unit is predicted bring in about US$150 million from overseas sales. The plant is located in Long Giang Industrial Park in Tien Giang Province and has a capacity of 1.2 million units of truck/bus tyres annually.