China’s Minth starts Serbia factory construction

Minth Automotive Europe has broken ground on a new manufacturing plant in Lozinca, Serbia.The ceremony was also attended by Director of Minth Automotive Europe, Ching Li Wong, Mayor of Loznica, Vidoje Petrovic and the Chinese Ambassador to Serbia, Ms Chen Bo.The president underlined that Minth is crucial for the development of Loznica.

Chinese tyre maker Prinx Chengshan to invest $318 mln in Thai plant

Chinese tyre maker Prinx Chengshan will invest 10.1 billion baht ($318.4 million) in its first overseas plant in Thailand, industrial estate developer WHA Corp Pcl said on Monday.Prinx Chengshan is setting up the plant in an industrial estate run by WHA with an initial workforce of 1,200 and annual production capacity of 4.8 million tyres for passenger cars and trucks.The workforce will exceed 2,000 as capacity grows to its production target of 12 million tyres per year.