Qingdao Double Star Co. Ltd. has plans to double its capacity, reports Tyres & Accessories.
Following the company’s merger with financially struggling Deruibao, the company announced it will build a new truck tire plant in Kazakhstan that is planned for August. This will be the company’s first non-Chinese factory.
Double Star is also investing 4.5 billion yuan to build a truck tires plant in Qingdao, T&A said.
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