WEIHAI, China (July 7, 2011)—Triangle Group Co. Ltd. said it will add all-steel radial truck tire production capacity to its plant in Weihai.
The company said the $387 million project will result in a facility with the capacity to make 2 million units a year. The new operations will be added to existing building and sites at the Weihai location.
Triangle currently has the annual capacity at that site to produce about 4 million auto, light truck, truck, off-road and industrial tires.