Prinx Chengshan targets Thailand for new tire plant

Hong Kong – Prinx Chengshan has entered into an agreement to acquire land plots in Thailand at €22 million (Baht 814 million) for a new plant, the company announced 25 Dec.

According to the statement on the Hong Kong Stock Exchange, the transaction involves seven land plots in Tambon Nong Suea Chang, Amphur Nong Yai, and Tambon Klong-Kew, Amphur Ban-Bung, Chonburi province.

The total area was listed at up to 480,000 sqm, though the final figure is still pending local government confirmation, said the announcement.

Land will be…

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