Wanli expands Guangzhou tyre production base

At the beginning of 2024, Wanli Tire launched the construction of a 6 million semi-steel radial tyre project at its Guangzhou factory. The tyre manufacturer invested 1.086 billion yuan this time, which is the first part of the third-phase project. According to the plan, Wanli’s Guangzhou plant will increase its tyre production capacity by another 6 million units to achieve the target of 12 million tyre production capacity in the third-phase of the project.
According to Wanli, the expansion project plans to achieve trial production in January 2025. Wanli’s Guangzhou production base can currently produce 24 million tyres per year. In other words, in 2025, a single Wanli production base may have the ability to make 30 million tyres per year.
On the same day as the groundbreaking ceremony of the third-phase project, the tyre manufacturer also held the unveiling ceremony of the “Wanli Tire Research Institute” and “Wanli Academy”. Tyrepress China learned that the institute unveiled this time is a branch of its research institution, “integrating with the Guangzhou base to further integrate resources and expand the scope of research and development”. At the same time, the primary function of “Wanli Academy” is to conduct employee training.
In 2023, Wanli’s output and sales increased by 18.77 per cent and 19.42 per cent year-on-year, and its output value and revenue increased by 19.36 per cent and 15.51 per cent, respectively.
Comments