Guizhou Tyre to set up Vietnam subsidiary

Guiyang, Guizhou – China’s Guizhou Tyre plans to set up a fully-owned subsidiary in Vietnam to advance its truck and bus tire project with 1.2 million unit per year capacity.

The subsidiary, called Advance Tyre (Vietnam), has €38 million ($43 million) registered capital and its business scope covers the manufacturing of rubber tires and rubber products, said Guizhou Tyre’s announcement on 5 March.

The €214-million tire plant is located at the Long Giang Industrial Park in Tien Giang province, adjacent to Ho Chi Minh City.

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