China’s Guangzhou Vanlead Group Co. Ltd. reports that its subsidiary, Wanli Tire Corporation Ltd., intends to start work on a US$1 billion tyre factory in the US state of South Carolina during the first half of next year.
State-owned Chinese firm Guangzhou Vanlead Group, parent company of Wanli tyre brand manufacturer South China Tire & Rubber Co., Ltd, has signed two memorandums of understanding with Swedish firm Scandinavian Enviro Systems. The first of these covers the establishment of a turnkey recycling plant in Guangdong province, and the second the setting up of a joint venture to market Enviro’s patented technology across China.
