Doublestar starts trial production at Cambodia tire plant

Shenzhen, China – Qingdao Doublestar has started the ‘partial trial’ production at its greenfield tire production factory in Cambodia’s Kratie province, the group has announced.

The facility is expected to gradually commence production in the second half of the year, said Doublestar in a 9 July first half results statement.

The plant’s products will be shipped to “high-tariff, high-revenue markets in Europe and America as soon as possible,” helping Doublestar improve financial performance.

Doublestar unveiled plans to build the new manufacturing plant in Cambodia, in partnership with local company Ube Development Co. last February.

At the time, the group said it aimed to invest Yuan1.4 billion (€196 million) in the new facility with capacity to produce 8.5 million high-performance radial tires per year.

Of that output, the Chinese tire maker said 7 million units will be semi-steel radial tires and 1.5 million all-steel radial tires.

Doublestar has an 80% stake in the project with Ube Development Co. holding the remaining 20% of shares.