Maxxis confirms India tyre factory plans

28th October 2015 | 0 Comments
 

Maxxis has confirmed that Maxxis/Cheng Shin company chairman Tsai-Jen Lo recently visited the chief minister of the Indian state of Gujarat, finalising plans for Maxxis’ first plant in India.

When it is built, the latest plant will join 10 other Maxxis plants located throughout Asia and is due to be ready for operation in early 2017, with Maxxis (Cheng Shin Rubber Industry Co.) expected to spend around US$400 million on the project.

The plant will initially manufacture motorcycle tyres and tubes for companies including Honda, Yamaha and Suzuki, and is projected to produce around 20,000 units per day at capacity. Occupying 106 acres, the facility will be located in the Sanand Industrial Estate near Ahmedabad and will eventually employ close to 2,000 people.

Maxxis representatives said the firm is looking forward to the completion of this project, and thanked chief minister Anandiben Patel and everyone involved for bringing the company’s new factory to Gujarat.

Reports related to the establishment of a Maxxis/Cheng Shin plant in India were initially published by Tyres & Accessories a year ago in October 2014.

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Category: Company News, International News

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