News from Notch Consulting, Inc.

January 30, 2018

Cheng Shin investing in India & Indonesia

Filed under: Tires — Notch @ 1:30 pm

Cheng Shin Rubber Industry Co. Ltd. is planning to boost capital investment at its Maxxis Rubber India Pvt. Ltd. and P.T. Maxxis International Indonesia subsidiaries.

Maxxis Rubber India is to receive $15 million “for the procurement of feedstock and as a supplement for operational funding,” according to Cheng Shin, which takes the India unit’s total investment to $92 million. It runs a plant in Gujarat province that came on stream in mid-2017 with a daily capacity of 20,000 motorcycle tires in phase one.

P.T. Maxxis International is to receive a $30 million investment, putting its total investment at $110 million. The funds will be used “for the procurement of production equipment and as a supplement for operational funding,” Cheng Shin said.

Referenced article found here.

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

Create a free website or blog at WordPress.com.

%d bloggers like this: