Recently, Hubei Jintian Tire Co., Ltd. is expected to start the construction of the second phase project in 2024. This marks that the company will continue to expand its production scale and increase production capacity to meet market demand.

Hubei Jintian Tire Co., Ltd., formerly known as Hubei Jiashun Tire Co., Ltd., has a total investment of approximately 3 billion yuan, covers an area of 973 acres, and a total construction area of 320000 square meters.

The first phase of the company's project has an annual output of 1.6 million sets, and the second phase has an annual output of 1.4 million sets, totaling 3 million sets. All steel radial tires were put into trial production in December 2021 and officially put into production in early 2022. Currently, the company has over 600 employees.

The second phase project plans to invest 1 billion yuan to build a new production line with an annual output of 1.4 million sets of semi steel radial tires, with a total construction area of approximately 120000 square meters.

According to the company leader, in 2023, the company achieved a total industrial output value of 700 million yuan, a year-on-year increase of 308.62%; More than 34 million yuan in tax revenue was generated, a year-on-year increase of 747%. Editor/Zhao E