Jiangsu General News Today

Jiangsu General held an overseas dealer conference in Cambodia on 22 May and celebrated the first anniversary of its Cambodian tyre production base. At the meeting, the tyre manufacturer announced that the first phase of the Cambodian project had reached production. In other words, its Cambodian factory can now produce 5 million semi-steel radial tyres and 900,000 all-steel radial tyres per year.

On 12 January, Jiangsu General held an expansion ceremony for its Cambodian factory expansion project. If we look at the time, the tyre manufacturer just held its shareholders’ meeting on January 12 and approved the proposal to expand the production capacity of its Cambodian production base. Jiangsu General has previously disclosed that the Cambodian factory expansion project is expected to be put into production in the fourth quarter of 2024.

Jiangsu General has terminated its plan to build a tyre factory in Baotou, China, on the grounds that “[China’s] domestic all-steel tyre market is still in a weak recovery stage and cannot meet the expected development”. At the same time, the tyre manufacturer is preparing to invest 1.495 billion yuan (approximately £165 million; €191 million) in the expansion of its Cambodian factory. The construction period of the expansion project is 18 months. After its completion, the annual output...

On 11 November, Jiangsu General announced it will invest 880 million yuan (approximately £98 million; €113 million) in renovating the all-steel radial tyre production line at its Wuxi plant. The renovation cycle is 18 months. After completion, Jiangsu General will increase its annual production capacity of 6 million semi-steel radial tyres.

On 27 September, Jiangsu General’s Thailand factory held a groundbreaking ceremony for the second phase. The new production capacity project involves an investment of 1.884 billion yuan (approximately £210 million; €240 million) and plans to add 6 million semi-steel radial tyres and 500,000 all-steel radial tyres yearly.

In early September, the 18th China International Tire Expo (CITExpo 2023) was held in Shanghai. After three years of waiting, this year’s show attracted many dealers from overseas. An exhibitor from Jiangsu General told Tyrepress China: “The results of this year’s China International Tire Expo are quite good. We made appointments with 60 customers before the exhibition. Basically, all of them came. At the same time, we also met many new customers at the exhibition today.” At the popular ...

Recently, Jiangsu General announced that it will invest 1.884 billion yuan (approximately £210 million; €240 million) to launch the second phase of the Chinese tyremaker’s Thailand factory. The expansion will add 500,000 all-steel radial tyres and 6 million semi-steel radial tyres to the Thailand production base. It is worth noting that the tyre manufacturer only disclosed that the project’s construction period is 24 months but did not announce the planned start and end time.

On 22 May, General Tires Technology (Cambodia) held its opening ceremony, which means Jiangsu General’s second overseas production base has officially begun operation. Cambodian Prime Minister Hun Sen and Chinese Ambassador to Cambodia Wang Wentian attended the ceremony and cut the ribbon for the Jiangsu General Cambodia factory.

On 5 May, Jiangsu General announced plans to build a tyre plant in Baotou City, Inner Mongolia, China. The total investment is about 1.51 billion yuan (about £170 million; €200 million). After completion, it will produce 1.2 million all-steel radial truck tyres and 100,000 OTR tyres per year. Jiangsu General says it is “the first modern tyre factory in Baotou City”.

On 24 March, Jiangsu General terminated its plans to build a tyre factory in Anqing, Anhui. The tyre manufacturer said that the relevant procedures could not meet the project’s construction and development needs due to factors such as industrial policies, local policies, and land planning. Considering “time cost, project planning and market”, Jiangsu General terminated the investment. At the same time, the company believes that the expenditure on the Anqing project is relatively small, and...