Recently, Huanggang, Hubei province held a major project centralized groundbreaking ceremony, including Hubei Kangrui Environmental Protection Technology Co., Ltd. waste tire comprehensive utilization project.

With an investment of RMB 200 million and a total construction area of 12,000 square meters.

After the completion of the project, the average annual total output value of 108 million yuan, and the average annual total tax value of 5 million yuan, driving more than 60 people employed.

It is understood that Hubei Kangrui Environmental Protection Technology Co., Ltd. was established in December 2021 with the registered capital of RMB10 million.  The company is for mainly renewable resources processing, sales and other business.