Bangkok - Goodyear Thailand is planning to invest 5.63-billion bhat (€146 million) in building a new radial aircraft tire plant at its Pathum Thani manufacturing site, according to the US tire-maker.
Update: Goodyear Thailand to build €140m aircraft tire plant
The project, which according to Bangkok Post still needs to be approved at Goodyear’s extraordinary shareholders meeting on 17 Nov, will be completed in three phases, the first of which will begin operation by 2018.
The expansion is expected to create 100 new jobs at the plant, where employment is 1,000-plus.
Ernst & Young Corporate Services Ltd is the financial adviser for the project.