Shandong Fengyuan Tire Manufacturing Co., Ltd. was founded in May 2007 and is now a large-scale modern tire research and manufacturing enterprise jointly managed by Shandong Energy Zao Mining Group Bayi Tire Company, Yicheng District State owned Assets Management Co., Ltd., and Fengyuan Group. The project is located at No. 1 South Ring Road, Yicheng Economic Development Zone, Zaozhuang City. The factory covers an area of 628 acres and the overall planned scale is to produce 20 million semi steel radial tires annually. The estimated total investment is 2 billion yuan. The construction scale of the first phase project is to produce 10 million semi steel radial tires annually. The project is located west of National Highway 206, Beijing Fuzhou Expressway, and Beijing Shanghai High Speed Railway, south of the Beijing Hangzhou Grand Canal and Zao Lin Expressway, and north of the Zao Lin Railway. It has convenient transportation advantages and regional geographical advantages, with strong support and assistance from local governments at all levels, strong financial support from Shandong Energy Zao Mining Group, mature enterprise management experience from Bayi Tire Company, and technical support from a first-class technical team. Its technical level has reached the requirements of the European Label Law. The company's product positioning is high-end, with excellent quality, green, energy-saving, and environmentally friendly. After the project is fully completed and reaches production and efficiency, it can achieve an annual sales revenue of 6 billion yuan, achieve profits and taxes of 800 million yuan, and solve nearly 3000 employment opportunities in the local area. It integrates labor-intensive, capital intensive, and technology intensive industries, and has good economic and social benefits