Chinese Firm to Build US$200 million Tire Plant in Sihanoukville

• Sommana Yan
• 8 June 2021
• Uncategorized
• 5833 Views

China-based Jiangsu General Science plans to build a US$200 million (1.3 billion yuan) tire plant in Sihanoukville with the capacity to produce 6 million units of passenger car tires annually, reported European Rubber Journal.

To be located in the Sihanoukville special economic zone, the plant is expected to take 15 months to complete and is set for operation in September 2022.

According to the firm, the plant will create nearly 800 new jobs and generate approximately US$25.5 million average annual net profit once fully operational.

The firm added that the decision to enter the Cambodian market is supported by the Cambodian government who wish to encourage the growth of the rubber industry in the nation.

The new factory is the latest in a series of intentional expansion moves by Wuxi-based General Science, reported European Rubber Journal.

Last year, the company opened its first overseas tire plant in Thailand, which is expected to produce 1 million truck and bus tires and 6 million passenger car tires by the fourth quarter of 2021.

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