Cheng Shin Rubber Ind. Co., Ltd. Approves the Plan of Building an BC Plant by the Local Committee of Douliu Third Plant
November 10, 2021 at 04:21 am EST
Share
Cheng Shin Rubber Ind. Co., Ltd. announced that the board of directors of the company approved the plan of building an BC plant by the local committee of Douliu Third Plant. Type of contract: The transaction object has not been determined, and the supplementary announcement will be made after the formal contract is signed. The total amount of the plant construction project is approximately: TWD 1,250,000,000; The total amount of machinery and equipment projects is approximately: TWD 1,040,000,000; The total amount of public works is approximately: TWD 100,000,000; The total investment is estimated to be approximately: TWD 2,390,000,000; Date of the board of directors resolution: November 10, 2021; Date of ratification by supervisors or approval by the audit committee: November 10, 2021.
Cheng Shin Rubber Ind. Co Ltd is a Taiwan-based company mainly engaged in the manufacture and sale of tires. The main products include radial automobile cover tires, radial truck cover tires, motorcycle cover tires, bike cover tires, inner tubes and other tires. The Company is also involved in the manufacture and sale of rubber and tire-related industrial products. The Company operates within the domestic market and to overseas markets, including the Americas, Europe, the Middle East, Africa, Asia, Australia and others.