Wanli Tire breaks ground on Cambodia plant

On 12 January, Wanli Tire held a groundbreaking ceremony for its new production facility in Cambodia. The Guangzhou Industrial Investment Holdings Group (GIIHG) company is setting up a plant in the Xin Bavet Special Economy Zone, in Svay Rieng province, with a production capacity to produce 10 million semi-steel radial tyres and 1.2 million all-steel radial tyres. This is not only Wanli Tire’s first overseas project – GIIGH views the project as a “crucial step” towards accelerating its globalisation strategy within the framework of China’s Belt and Road initiative.