Work begins on new Casumina plant

Groundbreaking has taken place at the site of the future Casumina radial plant in Vietnam’s Binh Doung Province; on the morning of 16 February the company, Southern Rubber Industry Joint Stock Company chairman and CEO Nguyen Ngoc Tuan presided over a ceremony marking the start of construction work at the 12 hectare site. Stage one work is expected to be completed next year and will give the plant an initial capacity of 350,000 tyres per annum. Completion of stage two is planned for late 2015 and will increase capacity to 600,000 tyres, while stage three, scheduled for completion in 2017, will give the plant a 1,000,000 piece annual capacity. Total investment in the plant amounts to VND 3,380 billion (£101 million).