The Fujian Sino-Rubber Machinery Co Ltd has been given a 2-million-yuan grant by central finance’s local foundation for its high-grade radial-tire hydraulic curing press, the Sanming municipal finance bureau has reported. The hydraulic curing press uses a hydraulic transmission system to replace a mechanical one and could help cut production costs, with greater precision than the mechanical version. The grant allows the company to improve its innovation and ability, and is significant for improving global competitiveness in China’s rubber machinery industry and for the technological progress of China’s rubber-making equipment and rubber products.

Fujian Sino-Rubber was one of China’s earliest tire curing press manufacturers and is an industry leader that has had a role in drafting national and industry standards. It owns the rights to its Double-wheel brand radial tire curing press, and its products are recognized as a Famous Chinese Brand and a popular Fujian province brand.