Triangle did not disclose its investment at this time. The tire maker's other four factories are all in the Weihai area, with combined manufacturing capacities of more than 30 million units, including 24 million radial, according to company data. Annual rubber mixing capacity is more than 500,000 metric tons. The product portfolio ranges from passenger to large OTR.
The project ties into Triangle's global growth aspirations, according to Chairman Ding Yuhua, and as such is being designed to meet or exceed prevailing global ecological and energy-saving standards.
During the press conference Mr. Ding concentrated on Triangle's commitments to green efforts in its growth—a strategic growth policy the executive has championed for several years.