ZC Rubber to Build Plant in Vietnam

Chinese ZC Rubber has announced plans to build a tire plant in Vietnam, for which a new subsidiary will be established in the country. The planned investment amount is around 1 billion yuan (150 million dollars), and the project is scheduled to be launched on July 1, 2026.

The enterprise will produce 5 million passenger car tires per year, and its annual revenue is expected to be 850 million yuan (120 million dollars).

Currently, ZC Rubber already owns factories in China, Thailand, and Indonesia, and in addition, the construction of a new site in Mexico is ongoing.

The company produces tires under such brands as Chaoyang, Goodride, Westlake and etc.

Photo: vinwonders.com