WEIHAI, China (March 21, 2016) — China's Triangle Group Co. Ltd. has begun production of high-performance car tires at its newest plant, in Weihai Nanhai New District in Shandong Province.
The plant, with a Phase I capacity of 4 million units a year, is part of a $1 billion investment package that also will include a tire proving ground for the testing of its high-performance car and commercial tires, complete with living facilities for workers, Triangle said recently.
The new plant operates under the control of Triangle Group Huayang Co. Ltd., a Triangle Group subsidiary, and is the company's fifth factory.
Triangle disclosed plans for the factory in 2013, saying at that time the plant's capacity eventually will double to 8 million units.