Jinma Rubber Co., Ltd. under Qingdao Fullrun Group lays foundation in the industrial development zone in Selangor, Malaysia.
It is the first overseas manufacturing factory of Fullrun Group.
Jinma Rubber is a joint-venture set up by Fullrun Group overseas with an expected investment of 1.3 billion yuan. The joint-venture is expected to come on stream in May 2017, all the products will be used for export.
The new company will make use of Malaysia’s advantages on location, raw materials and market, and become a new driving force for Fullrun Group to develop the international market. Fullrun Group aims to accelerate its overseas exploitation via the project.