In order to meet the market demand and meet the environmental protection requirements, Hangzhou Zhongce Qingquan Industry Co., Ltd. was investing 1.2 billion yuan to build an expansion project with an annual output of 2.5 million sets of all steel radial truck tires in accordance with the three "new" standards of "new process, new equipment and new environmental protection device".
  It is understood that the first phase of the project started in December 2019, the second phase would be expected to start in the middle of this year, and all three phases would be expected to be completed within three years. By then, the company's production capacity would reach 7.5 million sets of all-steel radial truck tires.
(R-02)