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Thai government approves US$400 million investment in Continental tyre plant

Author: Chris Anthony Comments: 0
News of the investment comes just a few months after Continental celebrated the fifth anniversary of its Rayong, Thailand tyre factory(Photo: Continental)

The Thailand Board of Investment (BOI) has approved an additional US$400 million investment by Continental Tyres (Thailand) Co. Ltd. in the firm’s Rayong production base. According to BOI, the funds are for the expansion of tyre production in the country, boosting output to 7.8 million tyres per year. Of course, BOI officials also noted that such an investment consolidates “Thailand’s status as the World’s second largest tyre production base”.

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