Zhongce Rubber Indonesia MTI officially goes into production(December 19, 2024)

December 19, 2024
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Highlights at a glance
On December 18, 2024, Zhongce Rubber Group officially launched the first phase of its Indonesian MTI project at Kendall Industrial Park in Semarang, Central Java. The milestone event, attended by over 300 guests including government officials, business leaders, and global partners, marked the successful completion of a major industrial project built within a single year. Established in January 2024, Zhongce Rubber Indonesia MTI is the company’s second overseas venture, investing $280 million across 49.2 hectares to produce truck, bus, two-wheel, bias tires, inner tubes, tracks, carbon black, and more, with an expected annual revenue of RMB 5.2 billion. Under the Belt and Road Initiative, the project exemplifies rapid industrial development and deepens Zhongce’s global footprint. Chairman Shen Jinrong emphasized the strategic importance of MTI in advancing the group’s international expansion, enhancing core competitiveness, and promoting high-quality growth through innovation, quality, and sustainable practices. During a site visit, he praised the plant’s operational efficiency and team dedication, urging continued collaboration to support both local economic development and the integration of domestic and international dual cycles.
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