Further Guizhou Vietnam plant details

Following the initial announcement in April 2017 as well as details given to Tyres & Accessories during an interview in September, Guizhou Advance Tyre has announced further details relating to the expansion of its Vietnam factory plans.

In short Guizhou Tyre Co. Ltd. has increased the scale of its proposed plant in Vietnam, raising the budgeted investment 67 per cent to nearly $400 million and adding heavy-duty and specialty tyres to the plant’s truck and bus tyre capacities.

Guizhou’s latest public filing on the plant include plans for adding manufacturing capacities for heavy-duty and specialty tyres with combined annual capacities of 2 million units and rubber processing facilities.

According to the new filing, Phase 1 of the project is budgeted at $245 million, with $140 budgeted for Phase 2 and $20 million for Phase 3. Phase 1 is expected to come on stream in 2019.