On April 9, the Administrative Approval Bureau of Huaian Economic and Technological Development Zone issued an announcement for the registration of enterprise investment projects, which means that a high-profile local tire project has successfully completed approval and officially entered the implementation stage.
This project is planned to produce 1.2 million sets of TBR all-steel truck radial tires and 6 million sets of PCR semi-steel passenger car radial tires annually, with a total production capacity of 7.2 million sets. It is undoubtedly the largest manufacturing capacity expansion project in Huai’an Economic Development Zone in recent years.
Huaian Economic and Technological Development Zone occupies an important position in the domestic tire industry and is one of the important gathering places for the domestic tire industry.
At present, there are many leading tire manufacturing companies in the region.
The core tire companies in the area have their own characteristics. Among them, Jiangsu Hankook Tire is a long-established Korean foreign-funded enterprise with nearly 30 years of experience. Since its establishment in 1996, it has employed more than 2,000 people and has all-steel/semi-steel manufacturing capabilities; Cubison Tire is an emerging force with a total investment of tens of billions. It will be newly built in 2023 and plans to produce 30 million sets of semi-steel and 3.5 million sets of all-steel annually. It is a high-end production capacity benchmark.
In addition, there are a number of large-scale supporting enterprises, which together form the most complete tire manufacturing cluster in northern Jiangsu.
Based on the analysis of various factors such as project scale, product category, and approval location, this project is very likely to be a production capacity upgrade and expansion project for a leading local enterprise.
The newly added 1.2 million sets of TBR production capacity is of great significance to the domestic commercial vehicle logistics and engineering transportation fields.
In the commercial vehicle logistics industry, efficient and durable tires are the key to ensuring transportation efficiency and safety.
This additional production capacity will further strengthen the company’s supporting capabilities in this field and meet the growing market demand.
The 6 million sets of PCR production capacity are precisely targeted at the family car and new energy vehicle markets.
As people’s living standards improve, the demand for family cars continues to increase, and the new energy vehicle market is also showing explosive growth.
This part of production capacity can well cover the upgrade needs of these two markets and complement the company’s existing production capacity, thus promoting the optimization of product structure.
The implementation of this project will not only bring new development opportunities to the enterprise itself, but also play a positive role in promoting the economic development of Huai’an Economic Development Zone.
It will further consolidate the position of Huaian Economic Development Zone in the domestic tire industry, attract more related enterprises and talents, and promote the improvement and upgrading of the industrial chain.
At the same time, the construction of the project will also create a large number of job opportunities and drive the income growth of local residents.
It is foreseeable that with the gradual advancement of this key tire project, the tire industry in Huai’an Economic Development Zone will usher in a more brilliant future.
