Chinese firm to build tyre factory in Cambodia

China's General Science Technology is to build a $200mn plant in Cambodia the capacity to produce 6 million passenger car tyres annually, according to the firm announcement. To be located in Sihanoukville Special Economic Zone, the plant is expected to take 15 months to complete and is set for operation in Sep 2022. Once fully operational, the plant will create nearly 800 new jobs, and generate about $25.6mn average annual profit on more than $212mn annual sales, said General Science. Last year, the company opened its first overseas tyre plant in Thailand, which is expected to produce 1 million truck and bus tyres and 6 million passenger car tryes by 4Q21. (Source: Khmer Times)