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Qingdao Shuangxing increases capital in Kumho Vietnam to expand overseas tire production capacity

 Last Update: 2022-08-27
 Source: Internet
 Author: User

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On March 11, Qingdao Shuangxing announced that the company will invest US$92.
3 million in Kumho Vietnam to expand the production capacity of Kumho Tire's Vietnam plant

The announcement shows that in order to further leverage the advantages of Kumho Tire and enhance the synergy between Doublestar and Kumho, Qingdao Doublestar invested US$92.
3 million to increase capital in Kumho Vietnam through its wholly-owned subsidiary Hong Kong Doublestar International Industry Co.
, Ltd.
To expand the production capacity of Kumho Vietnam tires, so as to better jointly cope with trade barriers, invest in developing overseas markets, and enhance international competitiveness

Qingdao Shuangxing said that Doublestar has held Kumho Tire for nearly three years, and the strategic synergy between the two parties has become more and more closely, achieving coordinated development, mutual benefit and win-win results in R&D, production, market and other aspects

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