Kumho’s Vietnam Latex Facility Ready for Production
Preparations to ready Kumho Tire’s US$4 million latex processing facility in Vietnam have reached their conclusion and on June 28 the new plant began operations. The facility, located towards the south of the country in Binh Dong province, has an annual capacity of processing 11,000 tons of natural rubber latex, which will be sourced from within the province. Plant output will supply the tyremaker’s $380 million tyre factory now under construction nearby.
When the new tyre factory enters production early in 2008 it will have a capacity of more than 3 million radials per annum, and these tyres will both be sold on the domestic market and exported to North American, European and ASEAN markets.