Kumho Tire eyes expansion of Vietnam plant – VnExpress International


By Thuy Tien  &nbspApril 12, 2021 | 11:50 am GMT+7


South Korea’s Kumho Tire plans to invest $305 million to expand its plant in Vietnam.

Kumho Tire Plant in My Phuoc 3 Industrial Park in the southern province of Binh Duong. Photo courtesy of Kumho Tire.  Kumho Tire eyes expansion of Vietnam plant - VnExpress International 0ef5f kumho bd online 1 7719 1618201404

Kumho Tire Plant in My Phuoc 3 Industrial Park in the southern province of Binh Duong. Photo courtesy of Kumho Tire.

The expansion, when completed in the first quarter of 2023, is expected to nearly double the plant’s capacity to 9.3 million tires a year.

“After considering our plans to increase exports to North America and potential U.S. anti-dumping duties, we came to the conclusion that increasing the capacity of the Vietnamese plant would be the best solution,” a Kumho executive said.

The $200-million plant in the My Phuoc 3 Industrial Park in the southern province of Binh Duong was built in 2008 to manufacture passenger car and light truck radial tires, and is the company’s only plant in Southeast Asia.

In January, China’s Jinyu Tire invested $320 million to expand its factory in the southern province of Tay Ninh.

e.VnExpress

What's Your Reaction?

Cry Cry
0
Cry
Cute Cute
0
Cute
Damn Damn
0
Damn
Dislike Dislike
0
Dislike
Like Like
0
Like
Lol Lol
0
Lol
Love Love
0
Love
Win Win
0
Win
WTF WTF
0
WTF

Comments 0

Your email address will not be published. Required fields are marked *

Kumho Tire eyes expansion of Vietnam plant – VnExpress International

log in

Become a part of our community!

reset password

Back to
log in
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Open List
Open List
Ranked List
Ranked List
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF