ZC Thailand initiates TBR tyre Production
The recent report published by TechSci
Research, “Thailand Tyre Market Forecast & Opportunities, 2020” depicts the combined dominance of passenger
car and commercial vehicle segment in the overall country’s tyre market.
Moreover, both the segments accounted for a volume share of more than 50% in
Thailand as of 2014. By focusing on the production of PCR & TBR tyres, ZC
Thailand would be able to highlight itself in the Thailand tyre industry in
coming years. Also, the company would continue to give stiff competition to
industry players such as Bridgestone, Michelin, Maxxis etc. on the parameters of
cost & quality.
ZC Rubber (a.k.a. Hangzhou Zhongce Rubber Company)
initiated its operation with the production of its first truck & bus radial
tyre at its Thai facility – ZC Thailand.
The newly established plant in Thailand became the first
overseas facility of ZC Rubber, which is the biggest tyre manufacturer in China
and now targets the entire market of Southeast Asia by expanding its operations
in Thailand. The 570,000 square meter tyre facility would also start producing PCR
tyres in near future. With the expanded product line, TBR tyres would be
supplied to the Southeast Asian markets. Also, the company officials anticipate
that the annual capacity of the facility would reach to approximately 5 million
PCR tyres and 700,000 TBR tyres by 2016-year end.
The Chinese tyre giant stated that establishment of ZC
Thailand would play a vital role in further globalizing the company’s presence.
Also, the manufacturing units is equipped with the most advanced machines for
producing TBR tyres.
As per TechSci Research, it is a huge step
for the Chinese tyre manufacturer. ZC Rubber company is already the market
leader in Mainland China and now it is widening its presence in South East Asia
as well.