Cheng Shin launches 40 million tire capacity expansion in China

Luo Yongli, the deputy general manager of the company, recently stated at a briefing that he is optimistic about Cheng Shin's performance in 2023.

In the past, Cheng Shin significantly reduced capital expenditures to cope with the unfavorable operating environment. However, as the overall situation is expected to improve, the tire manufacturer will begin to expand production capacity, including launching a plan to expand capacity by 40 million tires at its mainland China factories.