Taiwan's Kenda Rubber intends to significantly increase investment in Vietnam and establish a large passenger car tyre plant there. In an interview with Channel NewsAsia correspondent Victoria Chen, company chairman Yang Ying-ming said NT$10 billion (￡200.5 million) would ultimately be invested to erect this facility, which will most likely be Kenda's largest tyre factory and boast production capacity rivalling that of Kenda's operation in China. A large percentage of Kenda's tyre production currently takes place in China - Yang told Channel News Asia that revenues from there account for some 70 per cent of the tyre maker's total sales - however rising costs and the 39.33 per cent anti-dumping tariff slapped onto Chinese-made Kenda consumer tyres entering the USA mean that the country's appeal as a manufacturing base is declining. Boosting production in Vietnam offers the Taiwanese company a means of addressing both issues.
展开▼
