Qingdao Sentury Tire merges with Lisheng Rubber Industrial Park in Thailand
Qingdao Sentury Tire Co., Ltd. officially merged with Thailand’s Lisheng Rubber Industrial Park and held a signing ceremony on April 11.
The acquisition costs Sentury Tire 3.5 billion Thai baths and the industrial park’s name will be changed to “Lilong Rubber Industrial Park”.
Qin Long, board chairman of Sentury Tire, said the industrial park aims to attract 10 tire processing companies and 10 supporting companies to construct the industrial park into a comprehensive multifunctional one features rubber industry with producers from the entire industry chain.
Located in Rayong of east Thailand, the industrial park takes an area of 5,326 mu, or 355 hectares. The industrial park had held a number of promotion activities in China to attract Chinese investors to going to Thailand.
It is another significant move of Sentury Tire in addressing China’s “One Belt & One Road” initiative.
Sentury Tire expects to build the industrial park into a world’s leading professional rubber and tire industrial park and create a good image for multinational companies from China.
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