Kumho Expects Early Completion

A report in the Korea Herald says that Kumho Tire Co expects to complete expansion at its tyre plant in Nanjing, China, in mid-April rather than at the end of 2005 as was previously thought. Originally the company had planned to quadruple production to 12.6 million units, the early conclusion of its plans could suggest that it has reduced this target. In addition, Kumho plans to break ground for a new $184 million tyre plant in Tianjin, China, its second in that city. Plans call for that plant to be on stream in 2007, Tire Review reports