Recently, China Automobile Tire Co., Ltd., with a total investment of 5.3 billion yuan, has settled in Hebei Wuqiao Development Zone. The construction period of the project is 2 years and it is constructed in two phases. After the project is completed, more than 3,000 jobs will be solved, annual sales revenue will reach 4.7 billion yuan, and annual tax will be 260 million yuan.
In the first phase, the company will invest 3.3 billion yuan to build a radial tire production line with an annual production capacity of 36 million yuan. In phase two, it will invest 2 billion yuan to build China's second auto tire-type ground test site and two light truck radial tire production lines.
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