LINE

Text:AAAPrint
Economy

Chinese tire manufacturer to invest up to $200 mln in Vietnam

1
2015-12-10 13:27Xinhua Editor: Mo Hong'e

A leading Chinese tire manufacturer, Sailun Co. Ltd. said its Vietnam subsidiary will invest up to 200 million U.S. dollars in tire production in the Southeast Asian country.

Sailun is based in east China's Shandong Province and trades on the Shanghai Stock Exchange. In a disclosure on Thursday it said that the investment will be used to build more production lines in Vietnam.

Construction will take three years. Upon completion, it will produce 1.2 million all-steel radial tires and 30,000 tonnes of off-the-road tires every year.

Vietnam boasts abundant natural rubber, a key material in tire manufacturing.

 

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.