Written by Jane Ho, ERJ China correspondentemail share icon twitter share icon linked in share iconQingdao, Shandong – Doublestar is planning to build a new plant in Algeria with 2 million unit annual capacity for truck and bus tires and 5 million un...
By Jane Ho, ERJ China correspondent
Qingdao, Shandong – Doublestar is planning to build a new plant in Algeria with 2 million unit annual capacity for truck and bus tires and 5 million unit for passenger car tires.
Subsidiary Hong Kong Doublestar International signed an agreement earlier this year with Algeria’s Sarl El Hadj Larbi Pneumatiques to set up a joint venture for the project, the Chinese tire maker announced in its first half results statement.
Doublestar will invest $5 million (€4.5 million) in the project, while the Algerian firm will inject €222.
Original Source: https://www.european-rubber-journal.com/2019/09/11/doublestar-plans-algeria-tire-production-factory/
