Guizhou Tyre to Build Plant in Vietnam
Year:2017 ISSUE:23
COLUMN:ECONOMY AND BUSINESS
Click:317    DateTime:Jan.08,2018
Guizhou Tyre to Build Plant in Vietnam

Guizhou Tyre Co., Ltd. and government of Tien Giang province in Vietnam signed a cooperation agreement with the total investment of US$400 million to build plant in Industry park, province of Tien Giang in Vietnam.
The project will be executed in three phases. The first phase, plant building will be completed in 2018 and put into operation in 2019, which produces 1.2 million all steel truck radical tyre with the annual sales revenue of US$116 million. In the second and third phrases two sides will realize the expansion and development of engineering tires, heavy truck tires, large agricultural tires and lorry tyries, and extend industrial chain at the right time, building the base of production, processing, warehousing and trade for natural rubber.