Doublestar, a Chinese global tire making, will build a plant in Algeria in partnership with SARL EL HADJ LARBI PNEUMATIQUE for a total investment of around $5 million, European rubber journal reports.
The plant will produce 2 million tires annually for trucks and buses and 5 million units for passenger cars.
The project was announced as part of Doublestar first half results statement.. The Chinese company has not said when the plant will emerge from ground.
Based in Qingdao, a city in eastern Shandong province, Doublestar is state-owned company and manufacture tires, smart equipment, smart logistics and smart cyclic utilization of wasted rubber, the company’s website says.