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You are here: Home1 / News2 / Cheng Shin considering India plant

Cheng Shin considering India plant

Date: 18th June 2012 Author: Tyrepress Editors Comments: 0

According to Taiwan’s national news agency, local tyre maker Cheng Shin Rubber has voiced interest in establishing a factory in India. The Central News Agency reported Cheng Shin president Chen Yun-hwa as saying demand from emerging economies, including India, remains strong despite escalating debt problems in the eurozone, and therefore the company may set up a plant in order to tap into the fast-growing Indian market.

The manufacturer of the Maxxis, Cheng Shin and Sakura tyre brands already supplies original equipment tyres to three major vehicle manufacturers in India – Tata Motors, Maruti Suzuki India and Mahindra & Mahindra. The Taiwanese tyre maker now intends to open a representative office in India before the end of the year, and will use this presence to strengthen its after-sales service in India.

Last year, Cheng Shin posted NT$119.96 billion (£2.55 billion) in sales, up 19.99 per cent from a year earlier, while recording NT$8.59 billion (£182.63 million) in net profit, down 17 per cent year-on-year. The greater China area, including Taiwan, accounted for 63 per cent of the company’s total sales during the year, followed by the Americas with 13.3 per cent, Asia-Pacific with 11.5 per cent, Europe with 7.0 per cent, and the Middle East and Africa with 5.2 per cent.

Related news:

  • Taiwan’s tyremakers seek growth in China

Related news:

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  3. Indonesian moto plant to produce 25% of Pirelli’s global output
  4. CH-Noble, Joyroad set for European sales
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Africa, Asia, China, India, Middle East, rubber

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