Triangle Tyre to Build Cambodian Tire Plant for 3.22 Billion Yuan; Shares Soar 10%

MT Newswires Live

01/16

Triangle Tyre (SHA:601163) plans to construct a radial tire production plant in Cambodia for 3.22 billion yuan, according to a Friday disclosure on the Shanghai bourse.

The plant will produce 7 million tires.

The construction will run for 17 months starting March.

The Chinese tire maker's shares soared 10% during the afternoon trade.

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