February start for Federal’s newest tyre plant
In addition to reporting a pause in production at its Chungli plant due to a fire at the site, Federal Corporation also says it is readying its new factory in Taoyuan City’s Guanyin Industrial Park for its operational debut in February 2017. The Guanyin plant is Federal’s second on the island of Taiwan and the company’s third – Federal also operates a plant in Nanchang (Jingxi Province, China), which it acquired from Hero Tire in 1997.
Groundbreaking in Guanyin took place in the second half of 2014, and the 14,000 square metre plant will be developed in two phases. Work is expected to be complete in 2020. Once the plant is in operation, it will employ 900 people and is expected to have a 6 million tyre per annum capacity. Federal reports that the project is being realised through an investment of $300 million.