Jiangsu General Science Technology Co intends to adjust its production lines and update manufacturing equipment and information systems, in order to meet changing market demands.

Its all-steel radial tires will cover the premium trunk and passenger car market. The total investment of the project will be increased from 1.2 billion yuan to 1.5 billion yuan.

After it goes into operation, its annual sales revenue is expected to hit 207.07 million yuan in the seventh year.

Jiangsu General Science Technology Co, set up in 2002, was listed on the Shanghai Stock Exchange listed on the Shanghai Stock Exchange in September 2016. It is specialized in producing tires and related rubber products. Up to now, it has over 230 patents.