Extensive investment in Far East for Kenda Rubber Co

qiangzi

Kenda Rubber Co. Ltd. has announced plans for a new facility to be built in China. The new site will become the company’s fifth in the country.
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$ ]2 g  F' I7 q  _+ H3 B% sThe Guangdong province city of Huizhou will see the US$333m investment, which will facilitate a factory for car, light truck, trailer and motorcycle tires. The site is expected, by 2016, to be producing around 83,000 radial tires per day.
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: ]% J6 R9 N2 `! L# FThe plans for the 10-acre site where announced by Kenda chairman Yang Ying-ming. The announcement also follows news that Kenda will be expanding its site in Tianjin. That US$175m investment is in a bid to up capacity to around 45,000 units per day by mid 2013.
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This significant investment by the Taiwanese firm is part of its ambitious plans to enter the top 20 tire makers over the next four years. At present, Kenda are ranked 28, with a predicted annual turn-over for 2012 of around US$1bn