Semarang, Indonesia – October 23, 2024 – Zhongce Rubber Group Co., Ltd. (ZC Rubber) is proud to announce that its new Indonesian subsidiary, PT. Matahari Tire Indonesia (MTI), has successfully produced its first all-steel radial tire. This milestone was celebrated with an official ceremony at the MTI factory located in the Kendal Industrial Park, Semarang, Indonesia.

To commemorate this occasion, ZC Rubber Chairman Mr. Shen Jinrong, alongside other company leaders, signed the first all-steel radial tire produced at the MTI plant, marking a pivotal step forward for the company’s operations in Indonesia and its global aspirations.

Chairman Mr. Shen Jinrong placed a red ribbon on MTI's first tire to commemorate the occasion.

Chairman Mr. Shen Jinrong, Vice President and MTI General Manager Mr. Wang Xianning, leaders from the group's subsidiaries, and the MTI management team signed the first all-steel radial tire produced by MTI.

MTI's state-of-the-art factory, covering 500,000 square meters, plays a vital role in ZC Rubber’s global expansion strategy. Located in a region rich in natural rubber resources, the facility is equipped with cutting-edge digital technology and staffed by a highly skilled workforce. While still in the ramp-up phase, the production of the first tire marks significant progress toward meeting growing demand for high-quality tires in both local and international markets, including the United States.

Mr. Wang Xianning, Vice President of ZC Rubber and General Manager of MTI, highlighted the significance of the achievement: “In just 233 days, we went from groundbreaking to the first tire off the line. This rapid progress sets a new benchmark for overseas tire plant construction and demonstrates our team’s dedication and expertise.”

ZC Rubber’s investment in Indonesia not only provides access to vital raw materials but also strengthens its global supply chain. The facility is poised to serve both local needs and support ZC Rubber’s international market expansion, reinforcing the company’s commitment to innovation, quality, and sustainable development.

In his remarks, Mr. Shen Jinrong added: “The first tire from MTI symbolizes the beginning of a new chapter in our global strategy. We will continue focusing on sustainable development, innovation-driven productivity, and delivering high-quality products as we advance our global expansion.”

The production of MTI’s first all-steel radial tire is just the beginning. With the Phase II construction underway, ZC Rubber plans to further enhance production capacity and deepen its presence in international markets. The company remains committed to delivering high-quality, innovative tire solutions that meet the evolving needs of the customers worldwide and strengthening its position as a global leader in the tire industry.