Earlier in the year, Sailun Group announced it was evaluating the feasibility of producing car tyres in Cambodia, but the plans its Board of Directors approved this month are for a larger and costlier plant than originally reported. Planned capacity has risen 80 per cent, and the proposed investment almost doubled.
Jiangsu General Science Technology Co. Ltd (Jiangsu General) has announced plans to invest 1.304 billion yuan (£143.888 million; 167.458 million euros; US$203.947 million) in the construction of “high-performance semi-steel radial tyre projects in Cambodia”.
On 28 May 2021 growing Thai tyre retail chain, B-Quik opened two new centres on the Tiwanon road in north Bangkok. The addition of the two centres, which are spaced 8 kilometres apart, follows the opening of two more Thai branches at the start of April 2021.
Sailun Group is considering setting up a plant to produce tyres for passenger vehicles in Cambodia. According to a feasibility study published today, the Chinese tyre maker is interested in building a facility within the QiLu (Cambodia) Special Economic Zone in Svay Rieng Province that is capable of making five million semi-steel radials a year. Sailun estimates the project will require an investment of 1.18 billion yuan (£130.5 million).
Jiangsu General Science Technology Co. Ltd. is set to invest around US$300 million in the construction of a tyre manufacturing facility in Thailand. The news follows earlier reports published in the Spring that Jiangsu General was considering Cambodia for the investment.
Cambodian rubber exports rose 21 per cent during the first half of 2018, according to the Cambodian Ministry of Agriculture.
The data shows that local producers exported 84,419 tonnes of rubber during the first six months of this year, an increase of 14,376 tonnes compared to a year earlier. Total rubber cultivation was also up, at 436,299 hectares.