China’s Haohua Tire building export-oriented plant in Sri Lanka

Sri Lankan newspaper Daily FT reports that Chinese tyre maker Shandong Haohua Tire Co. Ltd. intends to build a factory in the country and produce both car and truck tyres there for export markets. The plant will be located on a 121 acre (49 hectare) site near the major port of Hambantota. Haohua Tire anticipates exporting its first tyres from the plant within three years.