Kumho to invest $305 million to double Vietnamese plant capacity
|Thai Corporation pours $1.1 billion into Vietnam|
|Thai retail giant to invest additional $1.1 bln for expansion in Vietnam|
|Vietnam solar cell plant receives an investment of $498-mln from Hong Kong firm|
The project will commence in the third quarter of this year and run until the early part of 2023, over which period an entire new section of building will be created within the existing factory compound.
The company is also increasing the capacity of its North American facility in Macon, Georgia, a task that’s due for completion as early as the fourth quarter of next year and which will allow the production of a further 0.5 million tyres a year. Kumho currently operates eight manufacturing facilities around the world, with sites in its native Korea, China, the United States and Vietnam.
Commenting on the welcome news, Kumho’s newly appointed CEO Il Taik Jung said: “As a company we are heading in a very positive direction and part of our strategy is to increase our manufacturing capacity ahead of the growing demand. This will have the dual effect of ensuring product availability for our customers and supporting the continued growth of partnerships in the North American Market.”
|Will Apple arrive in Vietnam as its new nest? |
Foxconn, Apple's largest iPhone manufacturer, has been making clear moves on increasing investment in Vietnam. Does that indicate Apple has chosen Vietnam as a new ...
|AusCham: Vietnam is top favorable place for bussiness expansion |
The emerging of Vietnam has been highlighted in AustCham's recent survey as the country is considered one of the top ideal places for business expansion ...
|Japanese edu-tech startup Manabie pushes its expansion into Vietnam |
Japanese-led online learning startup Manabie is stepping into Vietnam after raising US$4.8 million through a seed funding campaign with a strong ambition to expand to Southeast ...