Cheng Shin investing more in Indonesia project

5th December 2013 | 0 Comments
 

The amount Cheng Shin Rubber will invest in its new Indonesian plant appears to be much higher than previously announced. While in a filing to the Taiwan Stock Exchange in October the Maxxis tyre brand manufacturer said it will invest NT$2.36 billion (£49.7 million) to build a plant in Indonesia in order to increase its ASEAN region presence, talk now is of investing £195 million.

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Category: International News

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