Sailun Invests $93.5M in Cambodia Expansion

Leading Chinese tyre maker Sailun Group will invest almost $93.5 million to expand its Cambodian production to meet growing demand in the Kingdom and North America.

Its Cambodian subsidiary, Cart Tire Co. Ltd., will spend $61.18 million to increase production at its factory in Svey Rieng city and $32.30 million to boost its working capital, Sailun said in a filing with the Shanghai Stock Exchange on Tuesday.

“We are making this $93.48 million investment to increase the production of all-steel radial tyres to better meet customer needs in Cambodia and North America,” Sailun said. …

Source: Khmer Times