It is reported that Shandong Weifang Huadong Rubber Co., Ltd. acquired the Longyue tire. But there are also local industry insiders who said it is "merger" or "acquisition", which is not yet certain.　
　　In addition, people at the company said that executives from various departments of the company were being replaced.
　　It is understood that Huadong Rubber Co., Ltd. and Shandong Haohua Tire Co., Ltd. have the same shareholders.
　　According to the official website of Longyue tire, it can produce 30 million sets of semi-steel radial tire. At the same time, the annual capacity of Huadong Rubber Co., Ltd. is 1.8 million for all steel radial tire. The production capacity of Haohua tire is much bigger than Huadong Rubber Co., Ltd.