Chinese tyre maker Shandong Linglong Tyre is investing EUR88 million in a Thai facility that will produce radial tyres for passenger cars and light trucks, with a capacity of 2 million units/year.
The firm recently signed a contract with Hemaraj Land and Development to purchase 49 ha for a new manufacturing facility located 150 km east of Bangkok in Thailand’s Rayong province.
Construction of the plant will start in January 2013 and it is expected to be completed by January 2014.
(RJA)