Taiwan’s leading tyre manufacturer, Cheng Shin Rubber Industrial Co, has announced plans to invest US$120 million in China during 2007. This investment will primarily take the form of expansion in production capacity.
Bickers plc (Felixstowe/Suffolk, England) issued new shares and formed a joint venture company with the long-term tyre supplier Cheng Shin Rubber Ind. Co. Ltd (CST). The new company will trade as “Maxxis International UK plc“ and be located at a new 3.5 acre site in Felixstowe, Britain’s biggest container port.
Maxxis International, perhaps better known in the tyre world as Cheng Shin Rubber, is to build a new factory in Thailand to produce passenger and light truck tyres. Phase 1 of the multi-phase project will be completed in late 2004, when the factory will be producing 10,000 tyres a day, employing 1,700 staff. The site, in Rayong City, south of Bangkok, covers 72 acres. This new venture is the latest in a series of expansions for Maxxis; it is expanding its factory in mainland China, has moved to a larger distribution centre in California and expanded its US HQ in Suwanee, Georgia.
In December, Taiwanese tyre manufacturer Cheng Shin, producer of the Maxxis brand, opened a technical centre in Georgia where the company employs five people. Cheng Shin already has an R&D centre in Taiwan, employing more than 150 technical staff. The company does not plan to open other R&D centres outside Taiwan.
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