Taiwan-based company, Cheng Shin Rubber partners with Malaysia-based Kian Hon Tyres to boost their presence in the truck tyre retreading industry in Asia.
The JV between Cheng Shin, the tenth largest tyre company in the world and Kian Hon, a leading retreader and truck tyre firm in Malaysia kicks off with an education centre set up for truck/bus radial to augment the latter’s retreading activities. Also benefiting from the venture is Maxiss International, another partner of Cheng Shin, which will be setting up new plants in the Philippines and Indonesia.
Maxiss and Kian Hon are planning to establish a US$20 million-worth tread rubber production at the new plant of Kian Hon, located in Nibong Tebal in Malaysia. Also included in the plan is increasing Kian Hon’s retread capacity to 120,000 units per year, which is expected to create 400 new jobs. (RJA)