Tag: Cheng Shin

Taiwan-based tyre manufacturers raising prices

9th January 2017 | 0 Comments

The leading Taiwanese tyre manufactures are reportedly planning to raise prices by between 8-12 per cent during 2017. According to local news reports, the price hike is a reaction to the jump in synthetic rubber and natural rubber prices.

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Cheng Shin chairman talks Maxxis globalisation strategies on Reifen stand

Cheng Shin chairman talks Maxxis globalisation strategies on Reifen stand

5th July 2016 | 0 Comments

Maxxis exhibited at Reifen from a prominent Hall 3 stand commensurate with the brand’s global positioning, and increasingly with its focus on Europe. Robert Lo, chairman of Maxxis manufacturer Cheng Shin Rubber Ind Co and Derek McMartin, managing director of Maxxis International UK explained to Tyres & Accessories that the stand included a portfolio containing the brand’s first “dedicated European products”. The new M36+, launched at Reifen, is perhaps the most prominent example of this.

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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.

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Chinese contingent view potential Thai rubber sources

Chinese contingent view potential Thai rubber sources

17th November 2014 | 0 Comments

A group of “leading rubber processors from China” are set to visit Thailand, Indonesia and Myanmar to survey sites to establish rubber plants in the next week or so. Thailand’s The Nation reports that about 10 rubber processors from Shandong province and representatives from the China Council for the Promotion of International Trade are scheduled to visit Indonesia, Myanmar (Burma) and Thailand between 19 and 25 November. The group reportedly consists of around 50 representatives from both companies and government agencies. It will reach Thailand on 23 November where it will stay for two to three days with a view to considering “opportunities to invest in the South and Northeast, the country's major rubber tree growing areas”.

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Reports: Maxxis/Cheng Shin planning India factory

21st October 2014 | 0 Comments

Multiple Indian news sources are reporting that Taiwanese tyre maker Cheng Shin/Maxxis is planning to invest in an Indian factory. According to one Business Standard report, group president Dr. Wally Chen called upon Gujarat chief minister Anandiben Patel on 15 October.

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Indonesia’s president-elect supports Maxxis tyre factory plans

Indonesia’s president-elect supports Maxxis tyre factory plans

15th October 2014 | 0 Comments

Indonesia’s newly elected president promised support for Maxxis’ planned tyre factory in the country in a meeting with company officials in Jakarta at the end of September. Accompanied by members of the company’s Indonesia management team and a representative of Taipei’s Economic and Trade Office in Jakarta, Maxxis president Dr Wally Chen met with president-elect Joko Widodo 29 September.

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Cheng Shin looks to China for growth

30th September 2014 | 0 Comments

According to a report in the Taipei Times, Cheng Shin Rubber has ambitions to overtake Yokohama rubber and become the world’s eighth largest tyre manufacturer. The company hopes to achieve this by tapping into the fast growing Chinese car market and it has already signalled its intention to increase expenditure at its R&D operation in Kunshan, Jiangsu Province, China.

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Maxxis/Cheng Shin investing $500 million in tyre factory construction and expansion

27th June 2014 | 0 Comments

Cheng Shin Rubber Ind. Co. Ltd. (the parent company of Maxxis International) is investing over US$500 million in building new plants in Indonesia and Taiwan as well as expanding three existing plants in China.

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Cheng Shin appoints new chairman, outlines Indonesia project at AGM

18th June 2014 | 0 Comments

At Taiwanese tyre maker Cheng Shin Rubber’s Annual General Meeting, the son of company founder Lo Chieh (Luo Jie) was appointed the firm’s new chairman of the board. Lo Tsai-Jen (Lo Cairen), previously vice-chairman, replaces his 88-year old father as chairman effective 17 June. Lo Tsai-Jen became vice-chairman of the board in 2010; prior to that he served as general manager.

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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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Cheng Shin the latest to announce Indonesia factory plan

23rd October 2013 | 0 Comments

In order to increase its ASEAN region presence, Taiwan’s Cheng Shin Rubber will invest NT$2.36 billion (£49.7 million) to build a plant in Indonesia. A filing to the Taiwan Stock Exchange states that the company’s board approved plans for the factory on 15 October.

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CST global website launched

30th July 2013 | 12,345 Comments

Cheng Shin Rubber has unveiled a new global website for its CST tyre brand. The company says it aimed to develop a user-friendly site that features a responsive design, one that allows customers to “seamlessly find the tyre that best suits their passion.”

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Cheng Shin Rubber sales, profits set to rise – Morgan Stanley

15th May 2013 | 12,345 Comments

According to a recently published consolidated financial summary for Cheng Shin Rubber, the Taiwanese tyre maker’s net sales and profits are expected to steadily climb over the next couple of years.

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Maxxis unveils $150m Shanghai proving ground

Maxxis unveils $150m Shanghai proving ground

19th November 2012 | 0 Comments

Maxxis International has held a grand opening ceremony attended by nearly 400 domestic dignitaries and overseas partners for its new Maxxis Proving Ground in Kunshan City, directly adjacent to the company’s Shanghai manufacturing plant. The 860,000sqm comprehensive testing facility is estimated to have cost more than US$150 million, and is thought to be the first proving ground on such a large and all-encompassing scale in China. Cheng Shin Rubber Ind. Co., Ltd., doing business as Maxxis International, calls its new testing facility the country’s “first international standard proving ground”. Backing up this claim, Tyres & Accessories/Tyrepress.com was informed at the opening that at least one European original equipment manufacturer – Mercedes – had given Maxxis input into the facilities required at the proving ground to continue to build its OE supply, while a construction firm from Japan was consulted, though it was built by the Chinese.

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Maxxis a ‘Fab 50’ company

Maxxis a ‘Fab 50’ company

4th September 2012 | 0 Comments

The Forbes ‘Asia’s Fab 50’ ranks the “best of Asia Pacific’s biggest listed companies,” and this year’s list has been described by the business magazine as a “roll call of outfits that have managed to thrive amid decelerating growth in Asia and all but nonexistent growth in their US and European markets.” For 2012, Forbes has added Cheng Shin Rubber Ind., manufacturer of the Maxxis tyre brand, to the list. At present Maxxis is the only tyre brand represented in the Fab 50 table.

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