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…

To read more,please login or register below.

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