The hottest tire production business in South Kore

2022-09-23
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South Korean tire production business transferred to China

South Korean tire company recently decided to transfer 30% of its production business to China, so that the company can focus on the production of high value-added products

Korean tire company recently announced the enterprise production structure adjustment plan. According to this plan, the company will transfer the production of 13 and 14 inch low value-added ordinary tires and bias ply tires to China, while the company will focus on producing 15 inch high value-added tires in China

at present, the company has an annual production capacity of 34million tires in South Korea, including 4million bias tires and 6million ordinary tires with 13 and 14 inches

the company plans to increase the annual production capacity of its two factories in Zhejiang and Jiangsu from 5.9 million to 7million within three years, and then expand year by year to make the production capacity of these two factories reach 10million. The tires produced by the company in China will be mainly sold domestically and exported to Europe, and some tires will be sold back to South Korea. On the other hand, to meet the domestic needs of South Korea

according to the company, the substitute tires in South Korea have been transformed into high-performance tires. The production structure adjustment of the enterprise is to adapt to this trend, and also to reduce production costs and improve earnings

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