China’s General Science to build Thai tire plant

Wuxi, China – Jiangsu General Science Technology plans to build a new tire plant in Thailand’s Rayong Industrial Zone with up to $300 million (€259 million) investment.

The plant is designed with 1 million truck and bus tire annual capacity and 6 million passenger car tire annual capacity, said General Science’s announcement in September.

Construction is slated to take 15 months, and the plant is expected to generate €31 million (250 million yuan) annual net profit on €274 million revenue when on full stream upon the third…

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