Recently, the tire giant Qingdao Taifa Group's giant tire project was put into operation. The total investment for this project was 100 million Yuan, the first phase of the project was completed and commissioned in June 2006, production of 3300-51. 2700-49 four types of tires were 1100 units, most of them were exported, the sales income reached 100 million Yuan and profits of 30 million Yuan, and it earned 8 million U.S. dollars through export exchange. 3300-51 models tire filled the blank in domestic products. After the project is completed, producing a giant 12 types of tires, the annual production capacity will reach 12,000 units, the sales income will be 2 billion Yuan, with a 600 million Yuan of profits and taxes increase this year, exchange profit will amount to 250 million U.S. dollars through export, and become the largest domestic giant tire export base.
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