GUIYANG, China—Guizhou Tyre Co. Ltd. is to expand its annual capacity for all-steel engineering radial tires at its manufacturing plant in Zhazuo Town, in Guiyang.
In a Chinese-language filing with the Shenzhen Stock Exchange last month, the tire maker said it had earmarked about $286 million (Yuan 1.9 billion) for the "intelligent manufacturing" project to produce 380,000 tires per year.
The project is expected to complete in 36 months and will be implemented at the company's existing plant in Zhazuo Town, Xiuwen County, Guiyang City.