Hankook S of Korea to build the largest tire based in Western China

Based on Korea Hankook Tire, creator of tire seventh-largest in the world, said it will invest $ 950 million to build his sixth production plant in Chongqing, in southwestern China, reported the official Xinhua News Agency.

The new facility, located in the new zone of Liangjiang, will start the construction of the first quarter of next year and is expected to be completed by 2015.

When finished, the new plant will have an annual production capacity of 11.5 million tyres and generate 1 billion dollars in annual sales.

The new plant, together with another project of tyres in Shuangqiao district, Chongqing tyre makes largest base in Western China.

Currently, Hankook Tire has five production facilities around the world, two in South Korea, two in China and Hungary.

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