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Zhongce Rubber Group (ZC Rubber) is building a new digital tire plant in Hangzhou, China, with an investment of $300 million. The plant is expected to be completed in 2023 and will focus on manufacturing and automation.
ZC Rubber broke ground on the third phase of its Thai production plant in Rayong on February 12, 2020, with a total investment of 4 billion baht. The expansion will increase capacity to 5 million semi-steel radial tires and 3 million all-steel radial tires.
| Site | Largest | Latest |
|---|---|---|
| Hangzhou, China | $300.0M | 2020-04-08 |
| Rayong, Thailand | $125.0M | 2020-02-12 |