vietnam map2 600

Sailun ups investment in Vietnam tire plant

Qingdao, China – Sailun is planning to increase its investment in its Vietnam plant by €121 million, according to a company filing on the Shanghai Stock Exchange.

With 1.2 million-unit truck and bus tire annual capacity and 30,000-unit off-the-road tire annual capacity, the unit will have total registered capital of €187 million.

Such investment is funded by the company’s private placement in November, raising €165 million capital.

The rest of the funds will be used to supplement cash flow, said a Sailun filing.

 

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with