Recently, the highly anticipated Yokohama Zhejiang Qiantang Smart Factory Project has successfully completed the second environmental impact assessment publicity, which means that the construction pace of the project will be further accelerated. According to the project plan, the new factory located in Qiantang, Zhejiang is expected to officially start construction in the fourth quarter of this year.
It is reported that Yokohama and the local government officially signed an investment agreement in June this year, marking the official launch of the project. According to the agreement, the construction of the smart factory will be divided into two phases to meet the growing market demand.
The project is designed to produce 14 million passenger car tires per year. The first phase of construction will involve an investment of RMB 1.96 billion, and upon completion will have an annual production capacity of 9 million tires. The second phase of construction will increase the annual production capacity by 5 million tires based on the first phase.
The advancement of the Yokohama smart factory project not only reflects the company's confidence in the market prospects, but also demonstrates its ambition in the field of smart manufacturing. After the project is completed, it will adopt advanced production technology and intelligent management systems to improve production efficiency while reducing energy consumption and environmental impact, injecting new vitality into local economic development.
Currently, the project team is working intensively on the preliminary preparations to ensure the smooth start of construction in the fourth quarter. At the same time, the local government also expressed that it will fully support the construction of the project, promote the project to be put into production as soon as possible, and contribute to regional economic development.
The successful implementation of the Yokohama smart factory project will set a new benchmark for China's tire manufacturing industry and further consolidate Yokohama's leading position in the global tire market.
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