Cheng Shin ups investment in India and Indonesia tire plants

Chunghwa, Taiwan – Cheng Shin Rubber, also known as Maxxis, is to boost capital at its Maxxis Rubber India Private and Maxxis International Indonesia subsidiaries.

Maxxis Rubber India Private is to receive €13 million (1 billion Indian rupees) “for the procurement of feedstock and as a supplement for operational funding,” said a Cheng Shin statement on 24 Jan.

This, it noted, takes the India unit’s total investment to €82 million. It runs a plant in Gujarat province with 20,000 unit daily capacity for motorcycle tires in phase…

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