Goodyear (Thailand) is set to invest $162M in the expansion of its factory in Pathum Thani province, Thailand.
The expansion project will enable the production of radial aviation tyres.
According to Goodyear’s managing director Finbarr O'Connor, the development will help the company’s current market demand as commercial airlines are rapidly converting their fleets to radial tyres from bias tyres.
O'Connor further said that the world's aviation fleet is expected to double in size over the next two decades.
The expansion will be carried out in three phases, with phase one expected to start operations by 2018. The project will create 100 new jobs.
* Data provided by Timetric's Construction Intelligence Center.