Tyre makers expand in Vietnam and Bangladesh

Tyre makers expand in Vietnam and BangladeshTHE Southern Rubber Industry JSC (Casumina) has started construction on a US$160 million car tyre plant in southern Binh Duong Province. The plant will cover an area of 70,000 sq.m, with a production capacity of
1 million tyres/year. Construction will be divided into three phases with the first phase scheduled to finish in the first quarter of 2013 with an annual capacity of 350,000 units.

Meanwhile, Indian tyre maker Ceat is investing up to Rs250 crore to set up its first manufacturing plant in Bangladesh within the next two years. With a capacity of 65 tonnes/day, the company says it will be the first
such large tyre plant in Bangladesh. The company is initially targeting to roll out only cross-ply tyres for various segments such as trucks and light commercial segments.(PRA)