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On October 29, Qingdao Qihang Tire Co., Ltd. produced 400000 high-end agricultural radial tire expansion projects annually, and officially started laying the foundation in Nanbu Village (Mingcun Rubber Industrial Park), Mingcun Town, pingdu city. With a total investment of about 0.613 billion yuan, the project is designed to increase the annual production capacity of 400000 high-end agricultural radial tires, equivalent to about 52500 tons of off-road tires. The products are mainly suitable for agricultural and forestry machinery such as tractors and harvesters.
[Principles of Formula Pricing to Commodities]
(Source: Business Society)
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