November 13, 2024

Double Star Leasing Production Line Makes up for the Influence of the Company's Adjustment on the Production Capacity

On June 30, 2015, Qingdao Shuangxing Co., Ltd. issued an announcement that the company signed a one-year asset lease agreement with Deruibao Tire Co., Ltd. and Shandong Yilong Rubber Tyre Co., Ltd. (hereinafter collectively referred to as “the lessor”). 》

The main contents of the contract include:

Fixed assets lease:

(1) All steel tires are equivalent to 1.1 million pieces/year of equipment and molds.

(2) Semi-steel tires are equivalent to 3 million pieces/year of equipment and molds.

(3) Facilities, such as energy, power, logistics, and public office facilities that are matched with production facilities.

(4) For other equipment and molds that have not yet been leased, the lessee has the preferential right to lease.

rent:

In June 2015, the rent was 3 million yuan. In July 2015, the rent was 3 million yuan. In August 2015, the rent was 4 million yuan. From September 2015, the monthly rent was 5 million yuan.

Double Star stated that the fulfillment of the contract will compensate for the company’s impact on the elimination of outdated production capacities and environmental relocations that may affect the capacity of all-steel tires, while gradually increasing the capacity of some semi-steel tires and increasing the ability to meet the needs of customers and users. Performance will not have a major impact.

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