GTC is pleased to announce its strategic decision to embark on a significant expansion project. Following approval from the company’s board of directors, GTC is set to invest in the construction of a state-of-the-art smart manufacturing facility.
This expansion project aims to bolster the company’s production capabilities by adding an annual output of 6 million semi-steel radial
tyres to its existing portfolio. This initiative complements the ongoing success of its wholly- owned subsidiary, Forward Tyre (Vietnam)
Co., Ltd., which currently outputs over 2 million high-performance all-steel radial tyres in Vietnam.
The total investment for this ambitious endeavor
amounts to over 220 million US dollars, with an anticipated construction period of 12 months. Once completed, the new facility promises to revolutionize production processes, increase operational efficiency, and drive innovation within the industry.
Moreover, the implementation of smart manufacturing technologies is expected to yield numerous benefits for the company, including a
reduction in production costs, the expansion of market opportunities, and an overall enhancement of profitability. Additionally, this initiative
aligns with GTC ‘s broader mission to achieve transformation, upgrading, internationalization, intelligence, and green high-quality development.
A Green Future
GTC is pleased to announce its strategic decision to embark on a significant expansion project. Following approval from the company’s board of directors, GTC is set to invest in the construction of a state-of-the-art smart manufacturing facility.
This expansion project aims to bolster the company’s production capabilities by adding an annual output of 6 million semi-steel radial
tyres to its existing portfolio. This initiative complements the ongoing success of its wholly- owned subsidiary, Forward Tyre (Vietnam)
Co., Ltd., which currently outputs over 2 million high-performance all-steel radial tyres in Vietnam.
The total investment for this ambitious endeavor
amounts to over 220 million US dollars, with an anticipated construction period of 12 months. Once completed, the new facility promises to revolutionize production processes, increase operational efficiency, and drive innovation within the industry.
Moreover, the implementation of smart manufacturing technologies is expected to yield numerous benefits for the company, including a
reduction in production costs, the expansion of market opportunities, and an overall enhancement of profitability. Additionally, this initiative
aligns with GTC ‘s broader mission to achieve transformation, upgrading, internationalization, intelligence, and green high-quality development.
GTC has long dedicated itself to responsible and sustainable development and manufacturing, investing into the research and development of green engineering practices.
GTC understands that the future is green, and will continue to provide sustainable and environmentally friendly products for years to come.
A Green Future
In 2015, Guiyang became home to the nation’s first big data exchange program. By 2016, Guizhou had established itself as the leader in the comprehensive big data field. By 2018, Guiyang’s big data enterprises had amassed a combined revenue exceeding 13 billion USD earning it the nickname “Silicon Valley of the East”. Today, major corporations including telecommunications giants and mobile companies, such as Huawei, Tencent, and Apple have chosen Gui’an New Area as the site for their databases. With the backing of the booming “big data” industry and the implementation of the “strong provincial capital” strategy, Guiyang’s economy has seen rapid growth over the past decade. In 2022, figures revealed that Guiyang’s GDP had surged to 68 billion USD, marking a threefold increase from the 22 billion USD recorded in 2012. This expansion was driven not only by big data, but also included a surging intelligent manufacturing sector, and the production of Advance tyres.
GTC is one of the premier tyre manufacturing companies based in Guizhou Province. Established in 1958, GTC has grown into one of the largest tyre manufacturers in China, specializing in the production of a wide range of tyres for various vehicles, including passenger cars, commercial trucks, buses, and agricultural machinery. GTC is also the largest TBR and specialty tyre manufacturer in China.
Legendary Origins
Within Guizhou, three internationally famous brands, Moutai, GTC, and Lao Gan Ma Chili Black Bean Sauce, call the province home.
Maotai, located in Renhuai City, Guizhou Province, is the birthplace and spiritual home of Moutai liquor. The town is nestled in a picturesque valley along the Chishui River and is surrounded by lush green hills. It serves as the center of Moutai production, with the Moutai Company’s distillery being a major attraction for visitors.
Within Guiyang City, GTC has a storied history of breaking barriers in the tyre industry. Since 1958, GTC has created unrivaled value for their customers, and expanded to service more than 120 countries. GTC continues to be a major part of Guiyang, providing support to the local community and created jobs for local residents.
La Gan Ma, a popular chili black bean sauce around the world, also originated from Guiyang. Started in 1984 in a small noodle restaurant, this brand of chili sauce has grown with a international following and a net worth of over 190 million USD.
Cultural Harmony
Guizhou Province is rich in cultural heritage and holds significant importance in the country’s cultural landscape. Guizhou is known for its remarkable ethnic diversity, with more than 15 ethnic minority groups inhabiting the region, including the Miao, Dong, Buyi, Yi, and Tujia, among others.
Guizhou is renowned for its traditional crafts and arts, including intricate embroidery, batik dyeing, silver jewelry making, wood carving, and paper cutting. Music and dance are integral components of Guizhou’s cultural heritage, with each ethnic group showcasing its own distinctive forms of performance. Traditional music often features instruments such as lusheng (a type of bamboo wind instrument). Colorful costumes, intricate choreography, and lively rhythms characterize traditional dance performances, which are often accompanied by singing and storytelling.
Guizhou cuisine is known for its bold flavors, diverse ingredients, and unique cooking techniques. Local specialties include sour fish soup, spicy hotpot, pickled vegetables, and rice noodles. Food plays an important role in social gatherings, festivals, and ceremonies, serving as a symbol of hospitality and community.
