TAIWAN’s Cheng Shin Rubber Industry Co, the world’s ninth largest tyre firm is setting up a factory on a 27-hectare site in Indonesia, and in so doing is reported to be increasing its investment from US$80.1 million to US$320 million, to be financed by bank loans and own cash.
The plant, which will be producing tyres for cars and motorcycles for the Southeast Asian markets, is expected to come on stream in 2015.