• Twitter
  • Facebook
  • Instagram
  • Subscribe
  • Free Newsletter
  • My Account
Tyrepress
  • 0Shopping Cart
  • NewsNews
    • Latest News
    • Company News
    • UK News
    • Product News
    • International News
    • Retreading
    • Career Tracks
    • Motorsport
    • Video
    • Tyrepress Videos
  • Data
    • Leading Tyre Manufacturers
    • Leading Retailers (UK)
    • Social Media Ranking
    • Online Branding
    • Brand Finance rankings
    • Blue Light Fleet Analysis
    • Astutus Research analysis
    • Beyond Covid-19 Tire Market Forecasts
  • Features
    • Goodyear to buy Cooper – special supplement
    • TPMS and Sensor Technology 2021
    • Tyre Industry Conference 2020
    • Online Tyre Business 2020
    • Kick-starting your business webinar May 2020
  • Business Directory
    • Browse Entries
    • List Your Company on the Business Directory
  • Jobs
    • Situations vacant
    • Career Tracks
  • Classifieds
  • Magazine
    • Latest Issue
    • Read Tyres & Accessories Magazine online
    • Tyres & Accessories Magazine Archive
  • Shop
    • Subscription Shop
    • Report Shop
    • Directory Shop
  • About
    • Company Profile
    • Media Information
    • Frequently Asked Questions (FAQs)
    • Legal
    • Contact Us
  • Search
  • Menu
You are here: Home1 / News2 / Another Chinese plant for Cheng Shin?

Another Chinese plant for Cheng Shin?

Date: 19th June 2013 Author: Tyrepress Editors Comments: 0

Taiwanese tyre maker Cheng Shin Rubber is reported to be considering building its seventh plant in China. On 19 June the Taipei Times printed comments made to this effect by company vice-president Wu Hsuan-miao (吳軒妙) following Cheng Shin’s annual general meeting the previous day.

“We will come up with a concrete plan on the construction of a new plant early next year, when the global demand for tyres is set to stabilise,” Wu told the Taipei Times. He added that Cheng Shin, which manufactures the Maxxis, CST, Sakura and Presa brands, needs to expand its production capacity as its existing plants are expected to be running at full capacity by the end of 2013. Overall current capacity is 90 per cent. 

In a report issued to shareholders, Cheng Shin also said it anticipates a year-on-year rise in revenue due to increasing emerging market vehicle sales and lower raw material costs. “Demand in China and other emerging markets, such as India and Indonesia, is growing faster than in developed countries,” stated the report. And sales to Europe and North America are said to only account for nine per cent of Cheng Shin’s total sales, leaving it much less exposed to regional weakness than many of its rivals. Wu Hsuan-miao estimates the company’s combined sales to China and other emerging markets to be between 70 and 80 per cent of the total revenue in the January to March quarter.

Related news:

 

  • Maxxis: Sales have grown US$2 billion in five years

 

Related news:

  1. JK Tyre ‘zeroing in’ on rubber plantation acquisitions
  2. Cabot to acquire fully Grupo Kuo carbon black joint venture
  3. Apollo to distribute Cooper range in India
  4. Cooper Chengshan workers end strike
Comments
Comments closed
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on LinkedIn
  • Share on Reddit
  • Per E-Mail teilen

Related Tags

capacity, China, India, Indonesia, North America, rubber

Advert Location 28

© 2020 - Tyrepress
  • Twitter
  • Facebook
  • Instagram
  • WhatTyre
  • Reifenpresse
  • PneusNews
Cabot to acquire fully Grupo Kuo carbon black joint venture Kumho to introduce RFID on all tyres
Scroll to top