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Newest Hangzhou Zhongce Tire Plant Under Way

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The China Rubber Industry Association reports that Hangzhou Zhongce began work on a new facility in China on June 15.

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The first phase of the project is expected to be complete by the end of next year, at which point the plant will be capable of producing 10 million high-performance and light truck tires. An investment of RMB 2.4 billion is required for this initial phase; in total, the project will take six to eight years to complete and involve an investment of RMB 8 billion.

First phase annual sales are expected to reach RMB 4 billion, growing to over RMB 20 billion when the project is complete. (Tyres & Accessories)

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