Event news - Kumho Tire Vietnam Co., Ltd. continues...

At the meeting, Mr. Kim Hyun Ho said that Kumho Tire Vietnam Co., Ltd. is a member of Kumho Tire Group in Korea and is currently ranked 10th in the automobile tire manufacturing industry. The company invested in building a factory in My Phuoc 3 Industrial Park in 2007, producing passenger car and pickup truck tires with a total initial investment of 308 million USD.

Overview of the reception

In 2021, the Company continued to expand and add an investment capital of 300 million USD, raising the total investment capital to 608 million USD and expanding the factory scale by 6 hectares, increasing the production capacity to 12.5 million tires/year. The plan is to continue investing in expansion for phase 3 in early 2025, raising the total investment capital to 908 million USD, increasing the factory capacity from 12.5 million tires to 17 million tires/year.

Chairman of the Provincial People's Committee Vo Van Minh (right cover) received and worked with Mr. Kim Hyun Ho - General Director of Kumho Tire Vietnam Co., Ltd.

Regarding the implementation of the Company's phase 3 investment expansion project, Mr. Kim Hyun Ho proposed that the provincial leaders consider supporting the handling of some procedural and process problems to have more land to expand the factory, soon put into operation in 2026.

Talking with the Company's leaders, Chairman of the Provincial People's Committee Vo Van Minh congratulated the Company on its effective production and business, its increasing expansion, and its overall contribution to the province's socio -economic development. He requested that the relevant departments and branches actively contact, exchange information, and remove difficulties for the Company to create favorable conditions to promote the early implementation of the project as planned.

Delegates take souvenir photo

Source: https://www.binhduong.gov.vn/Lists/TinTucSuKien/ChiTiet.aspx?ID=15426