Jiangsu General Science Technology Co. Ltd., reacting to increasing international trade barriers, plans to build a passenger and truck/bus tire plant in Thailand’s Rayong Industrial Zone and is committing up to $300 million for the project. JGST first proposed building an overseas plant in April, in Cambodia, but has decided to change its location.
The plant is designed with capacities of 6 million passenger tires and 1 million truck/bus tires annually, the company said. Construction is slated to take 15 months, and the plant is expected to generate $36 million annual net profit on $320 million in revenue when on full stream upon the third year of its operation.
Among tire makers already manufacturing in Thailand are Bridgestone Corp., Michelin, Zhongce Rubber Co. Ltd. and Qingdao Linglong Tire Co. Ltd., JGST said.
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