Chinese tire manufacturers continue to expand their global influence through significant developments in Vietnam. With ambitious production upgrades and strategic investments, companies like Guizhou Tyre and Shandong Haohua Tire showcase their commitment to advancing the tire industry.
Shandong Haohua Tire has achieved a major milestone with the completion of its state-of-the-art Vietnam factory, signifying a significant step in its global expansion strategy. The factory's construction began in November 2023 and was remarkably completed in just 11 months. Spanning a 380,000-square-meter workshop, this facility is located in the SIKICO Star Industrial Zone, Binh Phuoc Province, and represents the largest foreign direct investment (FDI) in the province's history, with a total investment of $500 million.
The factory is designed for the production of both TBR and PCR tires. Upon reaching full operational capacity, the facility is set to produce 12 million PCR tires and 2.4 million TBR tires annually, enhancing Haohua Tire's manufacturing capabilities to meet global market demands.
Not to be outdone, Guizhou Tyre also has major advancements in its Vietnam facility. Through its subsidiary Advance Tyre (Vietnam) Co. Ltd., they have launched the third phase of its $615.2 million investment in Tien Giang province, located in Vietnam's Mekong Delta. The third phase, valued at $230 million, will add an annual capacity of 6 million PCR tires, marking a significant entry into the PCR market. This builds on the success of the previous phases, which focused on producing TBR tires, OTR tires, and agricultural tires.
Both Shandong Haohua Tire and Guizhou Tyre are leveraging Vietnam’s growing industrial capabilities to strengthen their global reach. Their advancements are expected to significantly impact the tire industry, enhancing product availability and quality for global customers.
The great news is that both of these leading tire manufacturers will be showcasing their products at the China International Tire Expo (CITEXPO) 2025 next year. If you're interested in connecting with these industry pioneers and exploring their latest innovations, be sure to visit CITEXPO 2025. See you next year!
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