A new tire factory opened by Tianjin JianDa Rubber Industry Company in Tianjin was formally put into operation. The first phase of the plant invested 23 million U.S. dollars to produce bicycle and motorcycle tires and inner tubes. The several phases of the project to be built will add production capacity of 5 million radial tires per year.
The company has been seeking opportunities as a supplier of original tyres. Recently, it reached an agreement with the Iranian car manufacturer Saita Group to supply 200,000 original tires each year. It is reported that the company has also reached an agreement with a domestic automaker to supply the original tire.
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