YUANLIN, Taiwan (July 30, 2013) — Taiwan's Cheng Shin Rubber Ind. Co. Ltd./Maxxis International plans to build a seventh plant in China in the coming years, but management has yet to settle on a location or scale of investment.
The company, the world's ninth largest tire maker with 2012 sales of $4.6 billion, said the plant would be in northern China but other details are still being formulated.
Cheng Shin's other six plants—including two opened in the past 18 months—are in central China.
Cheng Shin Vice President Wu Hsuan-miao disclosed the company's intentions for the plant in remarks made at the company's annual meeting recently.
With six plants and a new test facility in China, Cheng Shin has become one of the largest tire companies in China.
The company's recent investments include: