Recently, Nuoji Tire announced that a part of its 570 million expansion plan, the Heavy Commercial Tire R&D Center, is under construction as one of its core businesses, which will be invested in the Group's headquarters. use.
"Shenyang Sunnyjoint Chemicals Co., Ltd." learned that the company's new R&D center covers an area of about 38,000 square feet. After the nearly 600 million investment project is fully completed, the annual production capacity of this type of tire will be increased from 20,000 to 32,000.
According to the company, the tires produced by Nuo Kee can be used in a variety of heavy-duty projects, including forestry, agriculture, mining and transportation. The total sales of this business accounted for 11% of Novo Tire, and the sales revenue in 2017 was approximately 200 million US dollars (about 1.39 billion yuan).
The person in charge of Nuoji Tire said that this is the largest investment in the development of the company in the field of heavy tires. The current expansion project is proceeding as planned, the first phase of the expansion of the production base has been completed, and the second phase will be It will be completed in April 2019, and the production equipment of the plant will be installed next summer.