Guilin Rubber Machinery recently signed a deal with an Indian customer for a curing press order worth up to hundreds of millions of RMB. Since the beginning of the year, new orders signed by the company have a cumulative worth of nearly RMB160m ($ conversion?). Among them, the orders for export account for 93.7% of the total, and those for new products 96%.
Guilin Rubber Machinery received extremely positive feedback on the quality of its curing presses following a cooperation with the customer in 2015, which laid the foundation for it placing the big order.
Meanwhile, the Beijing Research & Design Institute of Rubber Industry (BRDIRI) and the Jamuna Group have begun construction of a tire factory in Bangladesh, completion for which is scheduled for May 2018.
The factory will have an annual production capacity of 350,000 all-steel heavy truck radial tires, 500,000 semi-steel passenger car radial tires, 400,000 diagonal tires, and 750,000 sets of inner-tires and rim bands.
General manager of the plant, Shamim Islam, said, “This is a very important milestone and also a very important investment for the Jamuna Group to diversify its industrial structure and layout.”
ChemChina Academy of Sciences general manager, Chen Hong, commented, “In response to the belt and road initiative proposed by the Chinese government, ChemChina has actively participated in domestic construction, in particular chemical projects in Bangladesh. The cooperation between BRDIRI and the Jamuna Group in building the tire factory carries very important strategic significance.”
Both parties recently held a meeting to exchange views on the construction timetable, future operation, and market status of the tire factory, and visited the project site to discuss preparations for the project.
April 20, 2016
