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Taiwanese Tyremaker Expands Capacity, Diversifies.

Bangkok Post (Bangkok, Thailand)

| January 07, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Nareerat Wiriyapong

Jan. 7--Maxxis International, a leading Taiwanese tyre maker, is expanding its capacity in Thailand and diversifying its products, with plans to develop its new Thai facility into a reseach and development centre for Asia-Pacific.

Maxxis, whose eight-billion-baht investment was approved by the Board of Investment early this year, recently bought an additional 148 rai of land in the Eastern Seaboard Industrial Estate in Rayong from Hemaraj Land and Development Plc.

The purchase reflected the company's belief in continuous growth of Thailand's automotive industry, said David Nardone, Hemaraj's president and chief ...

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Source: HighBeam Research, Taiwanese Tyremaker Expands Capacity, Diversifies.