New tyre plant to rise in Thailand for Prinx Chengshan

January 7, 2019

Prinx-ChengshanChinese tyre maker Prinx Chengshan is acquiring land plots in Thailand worth an estimated US$25 million for its new plant. The transaction involves purchase of 2,250 acres of land in Tambon Nong Suea Chang, Amphur Nong Yai and Tambon Klong-Kew, Amphur Ban-Bung, Chonburi province by affiliate Prinx Thailand from WHA Eastern, Thailand’s industrial real estate developer. Prinx Thailand has also signed a water services agreement with a WHA Eastern subsidiary. Reportedly, the company  chose Thailand  as its new plant site to benefit from the  low costs for raw materials and transportation, as well as the country’s favourable policies.

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(Last Updated: 22 Jan 2019)

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