Tyre firms to raise capacity
The mainland's car industry will require 27 million radial tyres a year by 2000, the China News Service reports. The government would give financial support to its 12 key radial tyre producers to help them expand production capacity by 22 million a year by 2000, the agency quoted the Ministry of Chemical Industry saying. Annual production capacity for radial tyres would reach more than 35 million in 2000, it said. Mainland producers made 10.24 million radial tyres last year, up 38.9 per cent from 1995, according to figures released earlier.