Chungli, Taiwan–Federal Corp. is investing $30 million in its Federal Tire (Jiangxi) subsidiary in China to double annual radial car and light truck tyre capacity to 5 million units by year-end.
The investment will go toward new rubber mixing, tyre building and uniformity testing equipment. The project will expand the range of sizes Jiangxi, Nanchang-based JFT can produce, boosting its product lines, Federal said.
JFT makes Federal’s entire range of Federal and Hero brand tyres, covering passenger (including high performance), light truck and sport-utility vehicle.
Federal, the world’s…