Prinx Chengshan breaks ground on $300m tyre plant in Thailand

WCN Editorial Team 3 Apr 2019 ASIA BUILDINGS

Chinese tyre maker Prinx Chengshan has broken ground on a $300m manufacturing facility at Eastern Seaboard Industrial Zone WHA EISE 3 (Chonburi) in Thailand.

Planned to be commissioned by mid-2020, the plant will be equipped to meet the AI manufacturing standards.

Prinx Chengshan expects the new facility to consolidate and expand its global production capacity, boost its international competitiveness, and better meet the needs of overseas customers.

The company initially plans to invest nearly $300m in the infrastructure. It will have annual production capacity of four million semi-steel radial tyres (PCR) and 800,000 all-steel radial tyres (TBR).

The factory will be the first overseas production base for Prinx Chengshan (Cayman), the company’s Hong Kong Stock Exchange-listed corporate entity.

Prinx Chengshan (Shandong) Tire board chairman and Prinx Chengshan (Cayman) board chairman Che Hong Zhi said: “The establishment of the first overseas production base in WHA ESIE 3 in Thailand is a major step for the expansion of Prinx Chengshan.

“Prinx Chengshan has a 43-year history of development and has always adhered to the global development strategy. It was listed in Hong Kong in 2018 and is in line with international capital.

“The Thai production base is an important step towards the international development for Prinx Chengshan, and it is also the first tire production base of overseas investment.”

The Prinx Chengshan’s plant, which is expected to create 1,200 jobs, will be built in an industrial estate which is run by WHA.

Zhi said: “Investment in Thailand is not only Prinx Chengshan’s important measures to integrate resources and radiate to the world, but also an important step in forging Prinx Chengshan’s internationalized brand.”

Prinx Chengshan has launched two new tyre products at the recently held Tyrexpo Asia 2019 expo.

The two products are: Maspire A/T All-terrain SUV tyres featuring large block design to resist the cutting of bad roads and general road-type SUV/pickup tyre (H/T ) Fortune FSR- 305 with continuous handling performance and wet performance.

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Image: Prinx Chengshan breaks ground on $300m tyre plant in Thailand. Photo: Courtesy of Prinx Chengshan (Shandong) Tire Co., Ltd.

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