GOTHENBURG, Sweden — Recycled carbon black company Enviro Systems Inc. and Chinese state-owned Guangzhou Vanlead Group Co. Ltd. have agreed to set up a turnkey recycling plant in southern China.
Guangdong-based Vanlead is among the largest tire-making groups in south China, according to Enviro. The company goes to market with the Wanli Tire and Diamond Tire brands.
Construction of the new facility, which will have 30,000 metric ton per year capacity, is set to start later this year in Guangdong, the city where Vanlead is based, according to Enviro. The facility will supply Vanlead's production units throughout China, according to a memorandum of understanding.