General Science plans expansion at Cambodia plant

SHANGHAI—Jiangsu General Technology Co. unveiled a $210 million (Yuan 1.5 billion) 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, General Science said.

According to its Dec. 28, 2023, stock exchange filing, the project is expected to bring in an average annual operating income of about $240,000, and annual net profit of $32 million.

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

Over the recent months, General Science has been progressing its "5X strategic plan," which is particularly focused 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.

In September 2023, the tire maker broke ground on a Yuan 1.9 billion program to nearly double production of high-performance radial tires at its facility in Rayong, Thailand.