ERJ staff report (DS)
Kobe, Japan -- Sumitomo Rubber Industries has said it intends to buy one of Hwa Fong's tyre factories in Thailand. The company said it will pay around Baht 700 million (Euro 14 million) for the factory, which produces mainly two-wheeler tyres for the domestic market.
The plant, located in Bangpoo Industrial Estate, has an annual production capacity of 1.2 million units, according to Sumitomo. ON the Hwa Fong website, it describes the No 2 plant as having 26 000 m2 under cover, on a site of 52 000 m2
Sumitomo already owns 10 percent of the Taiwanese-based tyre maker
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Press release from Sumitomo (Japanese language)
Press release from Sumitomoo (Auto-translated into English by Google)
Plant listing from Hwa Fong