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Triangle-Chery tire project signed

WUHU, Anhui – Chinese tire manufacturer Triangle Group Co., Ltd (Triangle) signed a contract with Chinese automaker Chery Automobile Co., Ltd (Chery) recently, to provide tires to medium and high level sedans for Chery, according to company news release.

The cooperation project will mainly engage in the production of radial tires for eco-friendly sedans and light trucks, requiring an investment of ¥1 billion ($147 million) in the first phase, and with an expecting production capacity of four million tires. According to the company, Triangle will further cooperate with Chery in technical areas and build a joint-action mechanism of the prices of raw materials and tires.

Founded in 1976, Triangle Tire has become a renowned tire manufacturer and supplier in China, mainly engaged in the production of truck and bus radial tires, passenger car and light truck tires, engineering radial tires, jumbo tires and bias tires.

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