Goodyear Phase V expansion project resumed construction. This year, it plans to invest 570 million yuan. By 2022, it will increase the number of tires for radial passenger cars by 5 million annually.　 　　According to the 2018 schedule, the project will complete the installation of process piping and conveyors, curing presses, cutting machines, apex strippers and molding machines, as well as the installation of test equipments such as dynamic balance and uniformity equipments.
　　Goodyear Phase V expansion project is located in Dalian Bay Industrial Zone. The foundation was laid on November 2, 2016. The total investment was 485 million  dollars (about 3.2 billion yuan), the new construction area was 56,700 sqm, and new rubber preparation workshop and tire building shop were built. Meanwhile, 33 sets of foreign equipments were imported, and 89 sets of equipment were purchased in China. The construction period was from February 2017 to December 2022.
　　After the project is put into operation, it is expected to increase the production of 5 million passenger car tires annually, and the new output value will be about 2.5 billion yuan, with a new tax revenue of 340 million yuan, and the placement of 500 employees.