On May 13, Hangzhou issued the 2020 key project plans. Of the 108 industrial projects with a total investment of 335.1 billion yuan, two tire projects with a total investment of 4.76 billion yuan from Zhongce Rubber Group were included.

Hangzhou Zhongce Qingquan Industrial Co., Ltd. will build a production line with an annual output of 2.5 million sets of all steel radial truck tires. The land scale to be used is 69 mu of new land plus 72 mu upgraded stock land. It is estimated that after putting into production by the end of 2021, the tire production capacity will reach 7.5 million sets, with an annual output value of 2.2 billion yuan. The total investment of the project is 1.2 billion yuan, and it is expected to invest 150 million yuan this year. The construction progress is that the three main parts of the raw material preparation workshop are completed, 80% of the walls are built, and 70% of the main parts of the tire finishing workshop are completed.

Zhongce Rubber (Jiande) Co., Ltd. Chunqiu Plant reconstruction and expansion and storage supporting project mainly adopts the technology of one-time rubber refining and nitrogen vulcanization, introduces the international advanced X-ray machine, oblique cutting machine, four-roll calender, uniformity testing machine and equipment, purchases domestic equipment such as internal mixer, compound extruder, three-drum molding machine, vulcanizer, etc., forming an annual output of 6.7 million sets of high-performance all steel radial tire and tubeless truck radial tire. The total investment of the project is 3.56 billion yuan, and the construction period is from 2020 to 2022.

In the 2020 key project plan of Zhejiang Province announced on March 23, Zhongce Rubber Group was shortlisted for a project, namely, the relocation (expansion) project of Zhongce Rubber (Anji) Co., Ltd. with an annual output of 2 million all steel radial truck tires and rubber products production lines, with a total investment of nearly 3.955 billion yuan and a planned construction period of 2014-2022.