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Jun. 1--Sumitomo Rubber Industries Ltd, Japan's second largest auto tyre manufacturer under the Dunlop trademark, will construct a plant to produce radial tyres in Rayong to meet rising global demand.
The plant, to be located in the Amata City industrial complex, will be the company's third auto-tyre production base in Asia after Indonesia and China.
The company yesterday signed a contract to buy 364 rai of developed land for about 800 million baht with Amata Corporation Group.
The plant, of an undisclosed investment cost, will run at its full capacity of seven million premium tyres per year in 2010.
Thailand was selected as the new ...