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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).

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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
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