Recently, Taiwan Zhengxin Rubber Industrial Co., Ltd./Maggie International has approved nearly one billion US dollars (about 6.2 billion yuan) in investment in the next few years, mainly in Indonesia and Taiwan to establish factories and expand factories in China. Capacity. Zhengxin Rubber’s open investment strategy, its most recent annual meeting, also announced that Luo Xin, the 89-year old Zhengxin founder chairman, retired and appointed his son Luo Cairen (Robert Lee) as his successor. In Indonesia, it is newly confirmed that it had planned to invest 320 million U.S. dollars in investment in automobile and motorcycle tire plants, a 70-acre Garachima region in Suryacipta City, and an international industrial center in Greenland. Specific capacity and employment details are still pending. The construction of the factory will start from next year, and production will start from 2016, Zhengxin said. This factory will be called Makis International Indonesia and will be the first and also the eleventh factory in Indonesia. In Taiwan, Zhengxin has a budget of 100 million U.S. dollars, motorcycle tires and auto spare tire manufacturing plants. It will be located in Yunlin County; the foundation is scheduled to start in August. In mainland China, Zhengxin plans to spend 500 million U.S. dollars for 600 million U.S. dollars to expand its factory capacity in Luzhou (motorcycle and bicycle tires), Xiamen Jimei (passenger tires) and Chongqing (passenger tires). There is no specific employment employee details. Zhengxin said. Zhengxin/Maggies is considered to be the ninth-largest tire manufacturer in the world with sales close to $5 billion. Hollow Grouting Anchor,Self-Drilling Grouting Anchor Rod For Soil Nailing,T52 Hollow Grouting Anchor Bar,T52 Self-Drilling Hollow Grouting Anchor Bar Shandong Fengmai Metal Materials Co., Ltd. , https://www.gghlw.com
Maxise Tire Chairman Luo Cairen