On April 15, 2025, Jinyu (Vietnam) Tire Co., Ltd. held a grand opening ceremony in Tay Ninh Province, Vietnam, to celebrate the full commissioning of its “Annual Production of 10 million High-Performance Semi-Steel Radial Tire Project.” Company executives, representatives from the local Vietnamese government, Phu Dong Industrial Park, partners, and employee representatives gathered to witness this exciting and historic moment.

The first phase of Jinyu Tire’s PCR project in Vietnam marks a significant milestone in the company’s globalization journey. From the very beginning of the project, Jinyu Tire set its sights on establishing a high-quality tire manufacturing operation. Guided by its long-term quality philosophy — "Time Proves Quality" — the company has maintained a strong focus on enhancing product comfort, handling, and performance. Centered around high-quality control standards, Jinyu Tire continues to increase investment in R&D, driving technological advancement and product optimization to support the company’s long-term and stable development. The PCR project is equipped by a professional R&D team, internationally advanced automated production equipment, and utilizes high-quality raw materials alongside stringent process standards. The project also adopts the APQP (Advanced Product Quality Planning) system to enable refined management across all stages, covering equipment selection, early-stage equipment management, forward product design, product characteristic analysis and control, as well as digital monitoring of the production process. Throughout the project construction phase, intelligent management systems such as MES, RDM, and LIMS have been comprehensively implemented to achieve real-time collection and analysis of production data, ensuring that every production step is traceable and controllable. A high-standard testing and inspection center has been established, outfitted with internationally advanced tire testing equipment to comprehensively verify key performance such as compound dynamic properties, tire high-speed durability, and rolling resistance. Simultaneously the company promotes the construction of a personnel training system, strengthening the operation skills and quality awareness, to ensure the coordination and optimization of the system of Man, Machine, Material, Method, and Environment, and strive to provide global customers with excellent quality semi-steel radial tires.

As Mr. Chang Xianxu, Chairman of Jinyu Tire, said in his speech, "The successful completion of the PCR project in Vietnam is another breakthrough for Jinyu Tire in multiple dimensions such as high-end tire manufacturing, technology research and development, production management and international operation capabilities. This also serves as a strong testament to Jinyu Tire’s unwavering commitment to the development and application of rubber tire technologies and services, with the mission of delivering optimal value and experience to its customers. Upon full-scale production, the project is expected to reach an annual capacity of 10 million high-performance passenger and light truck (PLT) tires by the second half of 2026. By then, Jinyu Tire will possess a dual production capacity of 10 million units each for TBR (Truck and Bus Radial) and PLT tires, enabling the company to better serve and meet the needs of its global customers, while helping its global partners achieve greater business scale. This reflects a deep embodiment of the company’s core value — “Common Interests Above All Else.”

The representative of VRG Park in Vietnam spoke highly of the project results, praised Jinyu Tire's professionalism and efficient execution during the project construction process, and fully recognized Jinyu Tire's active implementation of social responsibilities, practice of green production, reducing energy consumption and pollution, and achieving win-win economic and ecological benefits. The representative also mentioned they played an important role of cultivation of local talents, carrying out professional training, transporting talents for the local tire industry the project plays, and it helped economic and social development. It is expected that Jinyu (Vietnam) Tires will continue to add impetus to the regional economy, promote China-Vietnam cooperation to a new level, and become a model of economic and trade cooperation between the two countries.

Looking ahead, Jinyu Tire will take the successful launch of the first-phase project as a new starting point, steadfastly upholding the development philosophy of “Common Interests Above All Else,” and accelerating its global expansion with the goal of building a premium Chinese tire brand. The company will continue to strengthen strategic mutual trust with global partners, adhere to the principle of long-term operation, work closely with its partners worldwide to unlock market potential, create greater value for all parties, and achieve long-term mutual benefit and win-win outcomes.