ZC Rubber plans to add 2.5 million tyres production capacity
ZC Rubber’s subsidiary in Xindeng Town, Fuyang District, Hangzhou City, is planning to add 2.5 million all-steel radial tyres to its production capacity. ZC Rubber stated that the company plans to build a new production workshop and auxiliary facilities shared by the Xindeng Town plant in the reserved space inside the factory. The total construction investment is expected to be 700 million yuan (about £85.14 million, 102 million euros).
According to public information, the 2.5 million tyre project has been included in the list of crucial implementation projects in 2022 by Hangzhou. On 30 July, the Hangzhou Municipal Development and Reform Commission approved the energy-saving report for this project.
A highlight of the 2.5 million all-steel radial tyres project is the share of energy used in production from rooftop-mounted solar photovoltaic facilities. In July, the ground-breaking ceremony was held for the photovoltaic project with an investment of 40 million yuan in the ZC Rubber’s Xindeng Town factory.
It is worth noting that, according to estimates, the production energy consumption of the ZC Rubber expansion project exceeds the target required by Hangzhou Municipal Government. After Hangzhou’s relevant departments issue the final implementation standards, ZC Rubber would therefore have to pay the corresponding fees to obtain energy consumption indicators.