RAYONG, Thailand—China's Zhongce Rubber Group Co. Ltd. (ZC Rubber) is planning to add capacity for industrial tires, including skid steer and bias-ply forklift tires, at its car and truck tire factory in Rayong.
"The demand for industrial tires is increased in Southeast Asia based on the market research," said Richard Li, ZC Rubber marketing director, "and we will produce targeting industrial products to meet customers' demands."
ZC Rubber intends to start this year with tires for skid steers, telehandlers and backhoes and then add radial OTR and port tires in the future.
Li said adding these type of products to the Zhongce Rubber (Thailand) Co. Ltd. plant's capacities will help improve ZC Rubbers' competitiveness in the market, both locally in Southeast Asia and globally.
The firm did not disclose its investment budget for the project.
ZC Rubber opened the plant in Rayong in July 2015 and added radial truck tire capacity there six months later.