Domestic tires continue to break through, technology as the base, expansion of production for the wing

"Dual base" layout stable expansion OTR. In 2022, the company will accelerate the "dual base" layout at home and abroad and the "three-year action" plan to reduce costs and increase efficiency, and continue to implement product structure adjustment. In recent years, in order to meet market demand, Guizhou Tire has invested more than 2.7 billion yuan and arranged 9 OTR projects, of which 4 are product structure adjustment capacity replacement projects, and 5 are new expansion projects, involving giant tires, large engineering tires, small and medium-sized engineering tires, agricultural radial tires, small industrial tires, solid tires and other products. After the completion of the project, the OTR tire production scale of Guizhou Tire will reach 433,627 thousand units/year, or 378,500 tons/year, which will further consolidate and enhance the market position and influence of Guizhou Tire in the OTR tire field. In addition, in 2023, Guizhou Tire plans to build the second phase of the Vietnam project, which has a design capacity of 150,000 off-highway tires.

(5) Zhongce Rubber: Acquired Tianjin International to build Asia's largest off-highway tire "smart factory"

Acquired Tianjin International to build Asia's largest off-highway tire "smart factory". In March 2022, Zhongce Rubber Group decided to acquire Tianjin International United Tire & Rubber Co., Ltd. as part of its global expansion strategy. Tianjin Guolian is a Sino-foreign joint venture established in 1985. It is also one of the few professional and serialized design and manufacture of engineering tires and special tires. On June 30, 2020, Tianjin International United Tire & Rubber Co., Ltd. independently developed and manufactured the first Tianli 59/80R63 giant all-steel engineering radial tire successfully rolled off the assembly line. At this point, Tianjin Guolian has become one of the few manufacturers of 63-inch all-steel giant tires in the world. According to the company's official website, in the next three years, Zhongce Rubber (Tianjin) Co., Ltd. plans to invest 2.8 billion yuan to build Asia's largest and green off-highway tire "smart factory" with annual sales revenue of 4 billion yuan. The project is divided into three phases, and construction has begun one after another. After completion, it can achieve an annual output of 400,000 tires (150,000 tons) and 85,000 tons of high-end supporting materials. On the one hand, the implementation of the project is conducive to the company relying on the superior business environment and unique geographical location of Tianjin Port free Trade Zone, to expand its production capacity to the northern market and optimize the layout of the company's production base; On the other hand, it can play the leading role of the company, integrate the upstream and downstream resources of the industrial chain, promote the coordination between upstream and downstream enterprises, achieve the expansion and extension of the tire industry chain, and help the development of industrial clusters in Tianjin.