SHANGHAI—ChemChina aircraft tire subsidiary Shuguang Rubber Industry Research & Design Institute is to establish a new production facility for civil aviation tires in partnership with engineering company Haohua Chemical Science & Technology Corp.
Under the deal, the two companies will establish Sinochem Sanhuan (Guilin) Aviation Tire Co. (tentative name) to produce 100,000 high-performance aircraft tires in Yingcai Science & Technology Park, in Guilin City, Guangxi Province.
The $96 million project will be built at Shuguang's existing production site and will manufacture 50,000 new aircraft tires and 50,000 retreaded tires, said a Haohua filing with the Shanghai Stock Exchange.