Double Star tire production line opened in Kazakhstan

On August 26, 2015, Qingdao Double Star Co., Ltd. issued an announcement that the board of directors of the company reviewed and passed the "Proposal on Investment in Tire Production Base Project in Kazakhstan."

Double Star tire production line
Double Star tire production line

The reporter learned that the project will be invested by Qingdao Shuangxing subsidiary Qingdao Shuangxing Tire Industry Co., Ltd. at a price of about 30.25 million U.S. dollars, and set up a joint venture with Kazakhstan's TOO to build a tire production base in Kazakhstan. Twinstar Tire will own a 27.5% stake in the joint venture company. .

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