According to the “Vietnamese Economic Times†reported on May 9, on May 6th, an annual production capacity of 600,000 sets of tire production plants was started in the Lien Chieu industrial zone. The plant is invested by Danang Rubber Stock Co., Ltd. With a total investment of 3 trillion VND (about 150 million U.S. dollars) and an annual output of 600,000 tires, it is expected to complete the first phase of construction in the first quarter of 2013, with an annual output of 300,000 tires; Completed in 2015 and will reach 100% of design power. Using the most modern production equipment and technologies, the products meet the topography and export requirements of Vietnam.
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