china-vanlead-us-investment

Chinese group earmarks $1bn for US plant

Guangzhou, China — Guangzhou Vanlead Group Co. Ltd., a China state-owned entity that controls Wanli Tire Group, has earmarked $1 billion (€0.9 million) over eight years for a tire plant being considered for South Carolina.

The Guangzhou-based entity disclosed its US investment plan in late April at the 2017 China (Guangdong) – US Investment Cooperation Conference held in Guangzhou.

That event, organised by the Department of Commerce of Guangdong Province and American Chamber of Commerce in South China, was held 20-23 April.

At the conference, Vanlead Group Chairman…

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