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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 of the Cambodian factory can increase to 3.5 million semi-steel radial tyres (PCR) and 750,000 all-...
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.