Key projects grab the U.S. market ??HOdo Group accelerates the pace of "going out"
Published in: 2020-03-31
A few days ago, at the port of Laem Chabang, Bangkok, Thailand, with a loud whistle, three containers loaded with high-quality tire products from GS's Thai factory were sailed to the United States. Since then, the GS Thailand plant of HOdo Group has successfully passed the "first cabinet" to grab the American market.
It is understood that the Thai factory is the first overseas production base of HOdo Group's subsidiary General Science Co., Ltd. and a key project of Wuxi's "Going out" and "the Belt and Road" initiatives. The factory covers an area of ??about 510,000 square meters, with a total investment of US $ 300 million in the first phase. It is one of the largest projects invested by Chinese manufacturing companies in Thailand in 2018. The project is 6 million semi-steel radial tires and 1 million all-steel radial tires, and after the completion of production, the average annual new operating income is expected to be 2.18 billion yuan.
In recent years, China has become the world's largest tire production country. With the impact of international trade barriers, it has also brought greater challenges to the development of domestic tire companies. Faced with a complex and changing external situation, GS is actively adapting and adjusting rapidly, and constantly accelerate the pace of "going out". Recently, with the continuous escalation of overseas epidemics, more than one hundred tire companies in Europe and the United States announced the closure of factories and slowed down production, GS's Thailand plant aimed at historic development opportunities and strived to reach the US market.
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