China's Sailun Group began trial production at its passenger tire plant in Cambodia. And the tire maker is boasting an increase in annual production capacity.
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Sailun to build tire factory in Cambodia
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QINGDAO, China Chinese tire maker Sailun Group Co. Ltd. has selected Cambodia as the site for its next tire factory, a $181 million investment for a passenger/light truck tire plant with annual capacity of 5 million units.
The new plant will be Sailun s fifth factory worldwide and second outside of China.
The investment sum will cover construction costs and the working capital required to complete the project, Sailun said. The factory is expected to be operational within 24 months of groundbreaking.
The plant will be the first in Cambodia owned/operated by an international tire maker.