Cheng Shin diverts expansion energy to PCR plant
Plans for Cheng Shin Rubber to establish a new truck tyre plant have apparently been ditched in favour of a passenger car tyre facility. The China Economic News Service reports that due to delays in land acquisition the Taiwan based manufacturer of the Maxxis tyre brand is currently not proceeding with the Changnan County truck tyre plant project; instead, the company will focus its attention on passenger car tyres with a new plant in the town of Touliu. The first stage of the facility is being built with an investment of NT$6 billion (₤128.5 million) and production is anticipated to commence in the third quarter of this year. Daily output will be between 12,000 and 18,000 tyres, CENS adds.
The news service also reports that Cheng Shin is “speeding up” construction of its plant in Chongqing, China and the first stage is now expected to be complete in the third quarter of the year. Daily output will be some 26,000 tyres.