It was learned that Qingdao Double Star and Shandong Hengyu Technology Co., Ltd. recently signed a strategic cooperation agreement to jointly invest in Qingdao Xingheng Tire Co., Ltd. It is understood that the cooperation between the two parties is intended to leverage the dual-star platform and capital advantages to leverage Hengyu's existing brands, products and manufacturing capabilities, and to make Hengyu a differentiated tire manufacturer in the industry as soon as possible. The industry believes that this "strategic cooperation" will help the implementation of the two-star "three-in-two" IoT strategy, and it is also a continuation of the pace of investment M&A; for Hengyu, it is a gift in the snow. At present, some of the tire companies that have grown up in Shandong have a lot of pressure to survive. Established in 2010, Hengyu is no exception. From the second half of 2015, the company's production and operation funds are relatively scarce, and the production line is in a half-open and semi-stop state. In November, there were market rumors that Hengyu Rubber was facing bankruptcy. According to industry insiders, in this extraordinary period, Hengyu Technology and Double Star Cooperation are also things that the local government is willing to see. I hope this combination can really convey positive energy. Qingdao Double Star said that the strategic cooperation with Hengyu Technology is to seize the opportunity of China's tire industry transformation, which will help Hengyu Technology improve tire manufacturing technology, tire intelligent equipment and manufacturing level, and accelerate double-star tires in China. The strategic layout of the market. In the global top 75 tire list, Hengyu ranked 37th, only 4 points away from the 33 stars. SICHUAN TELOS NEW MATERIAL TECHNOLOGY CO., LTD , https://www.telosmaterial.com
·Shuangxing Hengyu jointly built Qingdao Xingheng Tire Co., Ltd.