ZC Rubber’s Thailand factory plans to increase production

On 9 August, Shen Jinrong, chairman of ZC Rubber, went to the factory in Thailand to inspect the work, and discussed with the senior executives of the Thailand factory on increasing production and reducing costs.

Tyrepress China learned that Shen Jinrong specifically mentioned “the Thailand factory should propose a rapid production increase plan”. He said that “the recovery of the world economy, changes in the international market, especially the recovery of the US market, changes in the European market, and the end of the South African anti-dumping investigation” have provided ZC Rubber with new development opportunities.

At the same time, Shen Jinrong asked the Thailand factory to “improve overall production efficiency and economic benefits” as the theme, break through the current bottleneck, seize market opportunities to expand production capacity, and optimise cost management.

According to the previously published information, the ZC Rubber Thailand factory is located in Rayong, started construction in 2014, and put into operation in 2015. The factory’s net profit in 2021 and the first half of 2022 will be about 730 million yuan (about £79.3 million; €91.8 million) and 400 million yuan (about £43.5 million; €50.3 million).