850万条产能落地！青岛双星柬埔寨PCR项目全线投产

Core Viewpoint - Qingdao Doublestar Co., Ltd. has achieved full production of its PCR (Passenger Car Tire) project in Cambodia, marking a significant milestone in the company's localization strategy and establishing a core support for its global capacity layout, which will enhance its competitiveness in the global tire market [1][2]. Group 1: Project Overview - The Doublestar Cambodia factory is a key component of the company's overseas strategy, with a total investment of $200 million, established in partnership with Zhongqi Group [3][9]. - The factory, located in the economic zone of Kampong Cham Province, is designed to produce 8.5 million high-performance radial tires annually, including 7 million semi-steel radial tires (PCR) and 1.5 million all-steel radial tires [3][9]. - The first phase of the project commenced production on September 6, 2024, and the full line of PCR production is expected to accelerate capacity ramp-up [3][9]. Group 2: Strategic Implications - The rapid development of the Doublestar Cambodia factory exemplifies how Chinese tire companies are responding to international trade barriers and accelerating their global expansion [5][10]. - Cambodia offers advantages such as abundant natural rubber resources, competitive labor costs, and a nine-year income tax exemption, which are beneficial for the project [5][10]. - By leveraging Cambodia's unique trade position, Doublestar can effectively avoid anti-dumping and countervailing duties imposed by the EU and US markets, facilitating access to high-revenue markets [5][10]. Group 3: Market Impact - Products from the Cambodia base will primarily supply high-revenue markets in Europe and the US, optimizing the company's global supply chain and injecting new momentum into its performance growth [7][10]. - The establishment of the Doublestar factory coincides with the recent completion of the first tire from the Fumax tire base, which has a total investment of $190 million and an annual capacity of 9.2 million tires, contributing to the formation of an industrial cluster effect [7][10].