Chinese tyre maker to invest RM894mil in PKFZ factory

By ADRIAN CHAN

QINGDAO (China): A Chinese tyre manufacturer is expected to invest US$200mil (RM894mil) to set up a factory in Malaysia.

Having signed a memorandum of understanding (MoU) with the Port Klang Free Trade Zone (PKFZ) on Wednesday, Qingdao FullRun Tyre Corp Ltd will be investing RM200mil in its initial phase to set up a factory there.

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