On Oct. 15, 2020, Zihai Rubber successfully signed an investment agreement with the People's Government of Pingluo County, Ningxia Autonomous Region. The Zihai Rubber Pingluo County production base project was officially signed and settled.
The project plans to invest 250 million yuan and cover an area of 50,000 square meters. Zihai Rubber will build modern production workshops, product testing and inspection, R&D centers and related domestic first-class supporting service facilities.
It is expected to be put into use next spring.
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