You are here: / / / Cheng Shin increases capital for Indian factory

Cheng Shin increases capital for Indian factory

Author: Xuda Wang Comments: 0
(Photo: Cheng Shin Rubber)

Taiwan tyre manufacturer Cheng Shin Rubber has decided to increase the capital of its Indian subsidiary Maxxis Rubber India Private Limited through its funds. The capital increase is about 3.36 billion rupees (about £32 million; €38 million).

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Cheng Shin looks to China for growth
  2. Maxxis supporting $400M plant investment at Indonesia tyre expo
  3. Maxxis aiming for 15% of India’s two-wheel tyre market, planning additional factories
  4. Maxxis re-appoints Dr Wally Chen as chairman
Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Share this entry
Drivers don’t know cars are collecting their data Triangle’s net profit fell sharply in the third quarter

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.