First tyre at Double Coin’s Anhui factory expansion

The first tyre has rolled off the production line at the expansion project of Double Coin’s factory in Anhui, China. According to the tyre manufacturer, the tyres that rolled off the production line this time are products suitable for new energy vehicles in size 205/60 R16 92V. After the project reaches total production, the annual production capacity of the Double Coin Anhui factory will exceed 10 million units.

Tyrepress China has learned that after this, the factory is preparing to expand again and increase the overall production capacity of the Anhui factory to more than 25 million tyres per year.

The Anhui factory is Double Coin’s PCR production base, with Double Coin holding 66.1 per cent of the shares. The factory has suffered losses for two consecutive years from 2021 to 2022, with losses of 67.25 million (approximately £7.36 million; €8.58 million) and 28.71 million (approximately £3.14 million; €3.66 million).