Tire World Network recently learned that Shandong Yuanfeng Rubber Technology Co., Ltd. has been implemented by the court to restrict consumption.
At the same time, Li Yan, the chairman and legal representative of the company, was restricted from high consumption.
It is understood that Yuanfeng Rubber and the applicant Li had a dispute over work-related injury compensation.
On July 16, the court filed the case for enforcement.
However, Yuanfeng Rubber did not fulfill the payment obligations determined by the effective legal documents.
Therefore, the court took corresponding restrictive measures against the company and its legal representative.
According to the official website, the predecessor of Yuanfeng Rubber is Weifang Zhenfu Industry and Trade Co., Ltd., which was founded in 2010.
In 2014, it invested nearly 5 billion yuan, planned to cover an area of more than 1,000 acres, and established the current Yuanfeng Rubber.
The project construction plan is divided into two phases, the first phase is an annual output of 2 million sets of all-steel radial truck tires.
The second phase is an annual output of 12 million sets of high-performance car tires.
Judging from the current situation, Yuanfeng Rubber has not developed in the expected direction.
At present, this company has been listed as a dishonest person subject to execution and has been frozen with 200 million yuan of equity.