Local tire companies from Shandong have been generating industry buzz as they invest in projects outside the province. This is closely tied to the implementation of local industrial policies and development plans.
According to reports, Shandong has issued a series of policies for new tire projects. The products, investment scale, as well as the level of intelligence and environmental protection, all have strict requirements.
This has forced expanding companies to look for new investment opportunities outside of their region in areas with better geographic location and more relaxed policies.
An industry insider reported that several Shandong tire companies have already established projects outside of the province. For example, Sailun and Linglong have built factories outside their headquarters based on their corporate development strategy. Other companies invest outside of Shandong mainly because of policy reasons.
Meanwhile, one well-known tire company from Shandong has quietly begun construction of a project outside the province.
According to the source, Shandong's tire project policies are also sending positive signals. Recently, the Shandong Development and Reform Commission announced that tire projects were removed from the "two highs" range.
"But no matter how relaxed the policies may be, the construction of low-end capacity will never be allowed," the insider stated.
Overall, the shift of tire manufacturers seeking opportunities outside of Shandong has been influenced by the local policies and requirements for new tire projects. The policies have encouraged companies to diversify their investments in other regions, creating new business opportunities and economic growth for the province.
