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· Cooper invested 120 million yuan to build a new production line
Recently, Cooper (Qingdao) Tire Co., Ltd. decided to invest 120 million yuan to build a molding production line.
The project covers an area of ​​7 mu, and plans to build a production workshop of 4,600 square meters, and install 8 sets of three drum forming machines and 5 sets of research and development equipment.
According to reports, the purpose of building this new production line is to improve the production capacity of semi-finished products of all steel tires.
According to the data, in January 2016, Cooper and Qingdao Yiyuan Investment Co., Ltd. signed an agreement to acquire a 65% stake in Qingdao Gerida Rubber Co., Ltd. and converted it into a joint venture.
The restructured enterprise, namely Cooper (Qingdao) Tire Co., Ltd.
Gelida Rubber Co., Ltd. was established in 2014 and is located in Pingdu City, Qingdao.