VIETNAM: Nation's first steel radial tyre factory opens in June

The plant's construction began in 2011 and it is the biggest undertaking to manufacture tyres in Vietnam .

It is built on an area of over 10 hectares in Lien Chieu Industrial Park, Da Nang city, and was funded by a Vinachem affiliate-Da Nang Rubber Joint Stock Company-with capital totalling 2.95 trillion VND (141,000 million US dollars).

Radial tyre consumption makes up a mere 10 percent of the nation's vehicle tyre consumption. Once operational, the plant is expected to satisfy domestic and foreign partners' radial truck tyre demand, and help the country keep up with the trend of modernisation and industrialisation in the world.

Another Vinachem affiliate, the Southern Rubber Industry Joint Stock Company (or Casumina), is accelerating the construction of another radial tyre factory with annual capacity of about one million tyres.

Source: Daily "VietnamPlus", Hanoi; 14 June 2013

(Syed Rashid Ali, Karachi, Pakistan)