It is reported that KONE tires Co., Ltd. has an annual output of 2 million sets of high-performance all-steel radial tire tire projects have entered the construction phase. According to public information, the site of the project is located in the construction land of Xinzheng, west of the Huaqin Industrial Park of Zhangzhou City. It covers an area of ​​approximately 713 mu. The planned investment is 1.97 billion yuan. Two production lines will be built, and the main project includes two. Rubber compounding workshop and two all-steel radial tire workshops. A total of 325 units (sets) of major production equipments need to be purchased and installed, among which the main equipments in the rubber compounding workshop include 8 mixers and auxiliary machines, 4 double-stem extrusion presses and 12 presses. And 8 sets of rubber cooling equipment, as well as molding machines and curing presses. It is understood that the EIA report for this project was publicized at the beginning of this year, and an engineering construction tender announcement was issued in April. According to engineering information, the project is scheduled to be built from April 2014 to April 2015. It is expected that the operating income will reach 2.99 billion yuan and the annual net profit will be 263 million yuan. The project investment recovery period is 6 years. Tongli Tire Co., Ltd. is a subsidiary of Hua Qin Rubber Industry Group. Hua Qin Group was founded in 1989 and its predecessor was Shandong Yinhe Rubber & Plastics Group. Its main business is production and operation of automotive tires and industrial conveyor belts.