Towards a new journey, GS’s China and Thailand plants have been put into production one after another
Published in: 2019-12-28
Recently, GS’s (601500) all-steel intelligent factory and overseas Thai production base successfully achieved the first tire rollout, which is an important milestone for GS's strategic development.
It is reported that the trial operation of GS’s domestic intelligent all-steel factory and Thailand ’s overseas production base is to meet the needs of internationalization strategy and actual operation. It has accelerated the implementation of the company’s global manufacturing division of labor, and ensured simultaneous and rapid development of the domestic market and the international market.
The total investment of the project is 300 million US dollars. Upon completion, it will achieve an annual output of 6 million semi-steel radial tires and 1 million all-steel radial tires. The project put into production will help GS to grasp opportunity of the abundant natural rubber resources and preferential tax policies in the local area, effectively avoid international trade barriers, improve the international layout, provide support for the company's sustainable and healthy development, and enhance the company's international competitiveness.