Industry News

China based Triangle Group initiates High Performance Passenger Car Tire Plant at its New Plant

China: As per the sources from Triangle Group Huayang Co. Ltd., a subsidiary of China based Triangle Group, the company established its fifth manufacturing facility, in Weihai Nanhai New District in Shandong Province. The company disclosed that Sun Shutao, secretary of Weihai Municipal CPC Committee, and Xu Lianxin, deputy mayor of Weihai, were there at the ceremony, at the start of the production in late February, however, the Triangle Group Chairman, Mr. Ding Yuhua hosted the guests during the visit.

The plant is currently operating in its first phase with an initial capacity of 4 million tires per year, with a part of total investment of USD1 Billion. As per the company, the facility will also have a proving ground for the testing of high-performance passenger car tires and commercial vehicle tires.

Though, Triangle disclosed its plans to establish a plant in 2013 only, quoting that the capacity of the plant will eventually double to 8 million units per year.

Triangle Group, which is considered as the world’s No. 15 tire maker with a recorded sale of USD2.87 Billion in 2014 said, that the plant is fitted with the production equipment from Germany and Holland and is engineered with high degree of automation throughout the production flow, from raw material preservation to product testing and warehousing & shipping. Further, the facility is equipped with “integrated information-based manufacturing technology” as part of an intelligent manufacturing system characterized by the integration of network and collaboration. The company also quoted that the high level of automation has reduced the employment by 40% as compared to the traditional production facilities, however, the number of people employed remain undisclosed.

The sources also revealed that the production at the facility is intended to cater foreign markets also including Russia, Northern Europe, North America and others.

According to a recent report published by TechSci Research, “China Tyre Market Forecast and Opportunities, 2020”, China with a population of over 1.35 billion, has emerged as one of the leading economies in the world in terms of GDP. The country has grown manifold and 

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