WHA Group, an industrial development and logistics firm, signed its first contract with Prinx Chengshan Tire (Thailand) Co Ltd, a subsidiary of China-based Chengshan Group, to build a 280-rai (44.80 hectares) manufacturing facility.
The facility is expected to start operating from mid-2020.
The China-based tyre manufacturer, listed in the Hong Kong Stock Exchange since October 2018, chose Thailand as its regional manufacturing base and has invested Bt10.1 billion for the first phase of its project. The initial investment will cover the infrastructure and a production line with an annual capacity of 4 million radial tyres for passenger cars and 800,000 tyres for trucks and buses.
The plant will initially require a 1,200-strong workforce, which will be expanded to 2,000 once the production capacity increases to 10 million tyres for passenger cars and 2 million for trucks and buses.