Malaysia's deputy trade and industry minister, Ong Kian Ming(pic), told Reuters that although Prinx Chengshan had gone elsewhere, the country had attracted another Chinese tyre company - Maxtrek Tyres, a subsidiary of Zhaoqing Junhong Corp. Ltd - as well as a paper plant and further Chinese investment.
CHONBURI, Thailand: When trade war tariffs jolted Chinese tyre-maker Prinx Chengshan into speeding up foreign investment plans, the company wound up in Thailand, thanks to that country's relentless courtship.
With an initial investment of $300 million, the company is now racing to build a factory to export tyres to the United States next year, based in a Thai industrial zone reinvigorated by the trade war.
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