Kenda, Cheng Shin to build new plants

The China Economic News Service reports two Taiwanese tyre makers will establish new factories next year. Cheng Shin Rubber, manufacturer of the Maxxis tyre brand, intends to set up a truck and bus radial plant by the end of 2012; the company signed an investment agreement with the Changhua County Government in 2009 to this effect, planning to invest NT$12 billion (£246 million) in the project. CENS also reports that late in 2012 Kenda Rubber will start construction of a 25,000 tyre per day plant that will focus on the manufacture passenger car tyres; this facility will also be erected in Changhua. It is expected to enter service in 2014.

The Changhua County Government reports the total investment of the two plants will total NT$22 billion (£451 million) and create some 4,000 jobs.