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Guizhou Tyre signs contact for Vietnam plant

Guiyang, China – Guizhou Tyre signed contract with Vietnam’s Long Giang Industrial Park on 12 November to build a truck and bus tire plant with 1.2 million unit annual capacity, according to the company’s filing in the following week.

Located in Tien Giang province and adjacent to Ho Chi Minh City, the new plant, first announced in April, has nearly 30 hectare total area with €340 million ($400 million) investment earmarked.

Two additional phases are disclosed in the November filing, including heavy duty and specialty tire facilities…

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