On December 8, in the second phase workshop of Hubei Jintian Tire Co., Ltd., a tire company located in Xianning High-tech Zone, the automated production line was operating efficiently, which marked that its annual output of 6 million sets of semi-steel radial tire projects has officially entered the large-scale production stage.
It is reported that the total investment of the project reaches 3 billion yuan. After full production, it is expected to achieve an annual output value of 1.3 billion yuan and create about 1,000 local jobs.
The second phase of the project put into production is an important measure for the company to optimize its product structure and enhance market competitiveness.
The company’s first-phase project with an annual output of 2 million sets of all-steel radial tires has been put into production in 2021.
With the addition of the second phase of the semi-steel tire project, the company has officially formed an “all-steel + semi-steel” dual-track collaborative development model covering the commercial vehicle and passenger car markets, which has greatly enhanced its ability to withstand market risks and comprehensive service capabilities.
As a technology-based tire company integrating R&D, production and sales, Jintian Tire adheres to a high starting point and high standards in the second phase of the project.
The project has fully introduced international advanced production equipment from the United States, Britain, Italy and other countries, and has passed many international authoritative certifications such as IATF 16949, DOT, CCC, and ECE.
Relying on a number of independent tire patent technologies, its products have strong market competitiveness in terms of energy saving, quietness, wear resistance and other performance indicators.
At present, the company owns many independent brands such as Jiashun and Baolunda, and its products have been exported to more than 100 countries and regions around the world.
The release of the second phase of production capacity will help the company further optimize its global production layout and integrate more deeply into the domestic and international dual-cycle development pattern.
Jintian Tire’s “two-pronged” strategy is an epitome of China’s tire industry’s continued promotion of production capacity upgrades and globalization.
In recent years, China’s leading tire companies have accelerated the construction of overseas bases to get closer to the market and respond to changes in the trade environment; on the other hand, domestic new or expansion projects have focused more on intelligent and green transformation, and have moved up the industrial value chain by introducing international high-end equipment and processes.
The expansion of production capacity from all-steel to semi-steel reflects that companies are actively adjusting their product mix to cover a wider range of market demands.
Especially in the context of the rapid development of the new energy vehicle industry, tire technologies such as low rolling resistance and high load capacity that are suitable for electric vehicles are becoming the focus of the industry’s next R&D and investment direction.
The relevant person in charge of the company stated that Jintian Tire will adhere to the green and technological product concept, continue to promote technological innovation and market expansion, and provide better tire products and services to global users.
