The relocation of the domestic tire faucet Qingdao Shuangxing old factory area and the construction of a new green tire intelligent production base are in progress. The project is expected to form 2 million sets of all-steel tire production capacity in the new plant area by the end of May 2015, and 4 million sets of steel will be formed by the end of 2015. Fetal capacity, by the end of 2017, the remaining capacity will be put into full production.
Taking into account environmental protection pressure, green tires will become the development direction of the tire industry. At present, about half of the radial tire production enterprises have the ability to produce "green tires." Due to cost and technical reasons, there are very few companies that are actually put into production. Therefore, Qingdao Shuangxing's lead action will be the company's "green spot" for green tires.
For this project, China Everbright Securities also pointed out in its research report released on May 12 that the base is adjacent to Dongjiakou Port and has a planned annual throughput of 370 million tons. Therefore, Double Star can obtain both production equipment and raw materials, and product sales. Build a global network.
According to public information, Qingdao Shuangxing’s main business is tire manufacturing. In 2013, the sales volume of tires was 8.67 million. The tire business revenue was 4.7 billion yuan, of which the total steel radial tire income was 3.7 billion yuan, accounting for 79%, and the semi-steel radial tire revenue was 1 billion. Yuan, which accounts for 21%, has a gross profit margin of 8.0% and 13.1% respectively for all steel and semi-steel tires.