Kumho Tire breaks ground on second tire plant in China

Seoul, South Korea–Kumho Tire Co. Inc. has broken ground on a second tyre plant in China, to be built near Tianjin with initial annual capacity of 5 million passenger and light truck units when it comes on stream in 2007.

The plant, which will be expanded to 12.5 million units annually long-term, is being built in the Tianjin Economical Development Area, located between the city of Tianjin and Tianjin Port. The project carries a price tag of $185 million, according to press reports in China.

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