Double Coin Tire Factory Project Announcement

Recently, Double Coin Group (Chongqing) Tire Co., Ltd. officially released the environmental assessment document for its new project: “Factory-Wide Production Process System and Equipment Upgrade & Renovation,” marking the start of a major technological overhaul with a total investment of RMB 230 million. The project targets the company’s production base located in Shuangqiao Industrial Park, Dazu District, Chongqing, aiming to enhance efficiency, reduce production costs, and achieve smart and green transformation.

Boosting Core Competitiveness with Intelligent & Efficient Manufacturing

The core objective of this upgrade is to modernize the factory by replacing outdated equipment, enhancing production processes, and introducing advanced systems to significantly improve operational efficiency and management capabilities.

Key areas of the project include:

Equipment Modernization: Retiring old machinery and upgrading key production systems to build a modern, automated, and high-efficiency production line.

Smart Management Systems: Implementing digital and intelligent management platforms to streamline operations and improve decision-making efficiency.

Eco-Friendly Enhancements: Upgrading environmental protection equipment to reduce emissions and enhance the company’s sense of social responsibility.

Energy Optimization: Enhancing the factory’s power and heating systems to lower energy consumption and reduce the carbon footprint.

Power Station Improvements: Updating equipment at the power station and production lines to further boost energy efficiency and production effectiveness.

Stable Capacity, Improved Quality, and Stronger Market Position

Notably, despite the large-scale upgrade, the company’s existing annual production capacity of 2.5 million sets of high-performance all-steel radial truck tires will remain unchanged. This reflects Double Coin’s strategy of focusing on quality improvement over capacity expansion, aiming to strengthen its competitive edge in the high-performance tire market through technological advancement.

This strategic move underscores Double Coin Group’s unwavering commitment to high-quality development.

Driving Regional Growth and Industry Upgrading from Chongqing Base

Since its establishment in 2007, Double Coin (Chongqing) Tire Co., Ltd. has become one of the four major production bases of Double Coin Group in China. This upgrade project is expected to significantly enhance the company's production capabilities while also stimulating the regional economy, facilitating industrial transformation, and fostering a more robust upstream-downstream industrial chain.

The project also sets a new benchmark for sustainable development in the tire industry, helping accelerate the overall shift of China’s tire sector toward high-end, intelligent, and green manufacturing.

Innovation-Driven Growth, Powering a New Chapter of High-Quality Development

This comprehensive technical upgrade is another major step forward in Double Coin Group’s commitment to innovation and sustainable development. Upon completion, the project is expected to further consolidate Double Coin’s competitiveness in both domestic and international tire markets, while continuing to deliver high-performance, eco-friendly tire products to global customers.