Kumho Tire to expand its plant in Vietnam with $297.6 million investment

Kumho Tire revealed this week that it would be investing around $297.6 million to expand its plant in Vietnam. This move will allow the company to double its production capacity. As per The Korea Times, the South Korean company is taking this step to increase its export capability to North America. The expansion will make sure that Kumho Tire will be able to deliver more products than it was producing before.

Source: Econo Times