Chinese tyre maker Shouguang Firemax intends to invest in a new production facility in Cambodia, according to a filing with Chinese tax authorities. The company expects to invest US$190 million in the tyre facility with an expected capacity of 8…
Tag: facility
EU approves Pirelli’s jv for tyre facility in Saudi Arabia
The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by Italy’s Pirelli Tire S.p.A. and the Saudi Arabia’s Public Investment Fund. The US$550 million deal relates primarily to the production and sale of…