Shandong Tire Industry Promotes Backward Production Capacity Withdrawal

Recently, the Shandong Provincial Government Information Office held a press conference to introduce the province's economic and informatization development. According to statistics, from January to August 2017, investment in the tire industry in Shandong dropped significantly, with a drop of 29.4%.
Shandong Province Holds Press Conference Shandong Province Holds Press Conference

According to the data, in the first 8 months, the investment in fixed assets in Shandong Province was 349.98 billion yuan, an increase of 8.4% year-on-year, of which the contribution rate of the service industry to investment growth reached 87.7%.

In contrast, investment in overcapacity industries declined, and investment in flat glass, aluminum smelting, and tire industries fell sharply.

According to Wang Xin, deputy director of the Economic and Information Technology Committee of Shandong Province, this year Shandong has strongly promoted the withdrawal of backward production capacity and freed up space for development for advantageous production capacity.

From January to August, Shandong shut down 479 chemical production enterprises and suspended 1,811 production.

At the same time, the province has increased its efforts in industrial brand building and smart manufacturing.

In June of this year, the implementation plan for the 100-year brand enterprise cultivation project in Shandong was promulgated. Triangular tires , Linglong tires , Wanda Holdings Group, Double Star Group, Chengshan Group, Huaqin Rubber Industry Group and other tire companies have become the focus of cultivating.

In addition, a number of companies joined the "Good Products Shandong" group development, and use CCTV to focus on promotion, to participate in the "national brand plan."

In terms of smart manufacturing, tire leaders have also made efforts, and several tire projects were shortlisted in the Ministry of Industry and Information Technology pilot demonstration list.

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