Tire Market Shows Signs of Stability as JIANDA Expands Production Capacities

The tire market for automobiles and motorcycles is gradually stabilizing, with industry insiders expressing optimism, particularly as the anticipated clearance of bicycle inventories in the latter half of the year is expected to boost freight demand.  JIANDA (Stock Code: 2106) has recently ramped up its operational capacity, and progress in expanding production capacities is proceeding smoothly.  New production facilities have been launched in Indonesia, with construction also underway in Tianjin, China, and Vietnam.  The Tianjin facility is slated to commence production as early as the second quarter of this year.

In Indonesia, the addition of 1,600 motorcycle tire units daily has bolstered production capacity.  Meanwhile, the Tianjin plant, set to begin production in the earliest part of the second quarter, primarily serves as an original equipment manufacturer (OEM) for Japanese tire belt companies, with an estimated annual revenue of up to 209 million yuan.  Construction for the second phase of the Vietnam plant is ongoing, with plans to add 10,500 automobile tires per day, expected to be operational as early as the third quarter of next year, with an annual production value of 5.867 billion yuan.