Guiyang company wins prestigious award at Davos World Economic Forum

Guizhou Tyre Co, located in Guiyang, capital of Southwest China's Guizhou province, is the first company in China's tire manufacturing sector to receive the "Lighthouse Factory" award. [Photo/Guiyang news network]

On Jan 20, Guizhou Tyre Co took the stage at the fifth annual Global Lighthouse Network Award Ceremony at the World Economic Forum in Davos to receive the prestigious "Lighthouse Factory" award.

This marks the first time a tire manufacturer from China and the province of Guizhou has received this esteemed recognition. The forum highlighted the significant challenges Guizhou Tyre Co faced in meeting its customers' diverse and customized order demands, which accounted for over 60 percent of their production. This required strict adherence to design, validation, and reliability standards.

Guizhou Tyre Co implemented more than 40 Fourth Industrial Revolution (4IR) solutions to accelerate product design and ensure consistent and stable output. These initiatives enhanced the agility and productivity of their manufacturing processes, ultimately reducing product defects by 57 percent, increasing labor productivity by 68 percent, and lowering inventory levels by 34 percent.

Committed to its strategy of internationalization, intelligence, sustainability, and high-end product development, Guizhou Tyre Co will continue to develop high-performance, value-added tire products.

Guizhou Tyre Co is dedicated to enhancing quality, reducing costs, increasing efficiency, ensuring safety, and protecting the environment by strengthening collaborations with technology firms and universities. These efforts drive the deep integration and application of Fourth Industrial Revolution technologies across all business domains.