Shandong Daye to invest 500 mln on radial tyre steel wire project

Date: Nov 6th  2018   Copy editor: Tyrefull

Shandong Daye Co.,Ltd. announced on November 3 that the company would collect no more than 500 million yuan of capitals for radial tyre-used steel cord program. 

After completion, the company would increase 50,000 tons/year of steel cords for radial tyres, which could create 430 million yuan of sales revenue every year.

At the same time, the new program would strengthen its market place, and lift its production's market share.

The company planned to finance 450 million yuan and prepare 35,360,000 yuan of self-capital for the program.

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