TAIPEI, Taiwan (Nov. 8, 2011)—Kenda Rubber Industrial Co. Ltd. has signed a letter of intent with officials in Taiwan's Changhua district to purchase land for a passenger and light truck tire plant.
Kenda officials in Taiwan estimated the plant would cost about $330 million to build. It would have a designed capacity of 25,000 units a day. No construction timetable was disclosed.
The tire maker brought on stream this past summer additional capacity in Taiwan for passenger car tires and approved expansions of car tire capacity at plants in Shanghai and Tianjin, China. The Taiwan capacity was intended primarily for export to North America and Europe, Kenda said at the time.
Kenda has two plants in Taiwan, in Yuan-lin, along with four plants in China and one in Vietnam.
The company is considered the world's 28th largest tire maker, based on $911 million in sales last year.
Kenda is represented in North America by American Kenda Rubber Ind. Co. Ltd. in Reynoldsburg, Ohio.