South Korea ’s Kumho Asiana Group, the parent company for Kumho Tire Co., will invest an additional $100 million in its tire manufacturing plant in Vietnam.
The investment will fund expansions to the tire plant in the southern province of Binh Duong, increasing its annual capacity from 3.15 million to 5 million units, according to reports.
The plant, which was built five years ago, accounts for 40% of Vietnam’s tire exports.
Source: tirereview.com
