General Science announces €200m expansion plan in Cambodia

Shanghai, China - Jiangsu General Technology Co. (General Science) has unveiled a  Yuan1.5-billion (€191 million) investment plan to expand its recently opened tire factory in Cambodia.

The 18-month project will add capacity for 3.5 million units of semi-steel radial passenger car tires and 750,000 all-steel truck bus tires per year at the plant, inaugurated in April last year.

Once completed, the site in Sihanoukville Port Special Economic Zone will have total capacity to produce 8.5 million units of PCR tires and 1.6 million units of TBR tires per year, said General Science.

According to its 28 Dec 2023 stock exchange filing, the project is expected to bring in an average annual operating income of Yuan 1.7 million, and annual net profit of Yuan 231 million yuan.

General Science has previously indicated that tires manufactured at the Cambodian facility will be mainly exported to the US, Europe and Brazil.

Over the recent months, General Science has been progresing its “5X strategic plan", which is particularly focussed on expanding the group’s reach overseas.

Last November, it announced a 'technical transformation' project at its Wuxi base in China, to transform part of its existing all-steel TBR production capacity to passenger car tires. (ERJ report)

In September 2023, the tire maker broke ground on a Yuan1.9-billion programme to nearly double production of high-performance radial tires at its facility in Rayong, Thailand. (ERJ report)

Meanwhile, General Science is also investing Yuan1.5 billion in a greenfield plant in Baotou, Inner Mongolia. (ERJ report)