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Recently, Shandong Province issued a notice on the implementation of the "Three Resolute" Action Plans for the Province (2021-2022), which involved the exit of outdated production capacity in the tire industry
.
By 2022, all steel radial tires with an annual output of 1.
According to the document, the Shandong tire industry involved a total of 18 companies in this round, including 8 all-steel tire companies with a total production capacity of 5.
56 million; 10 semi-steel tire companies with a total production capacity of 25.
61 million
.
It is understood that the country’s existing production capacity of all-steel tires is 183 million; the production capacity of semi-steel tires is 647 million