Cheng Shin Rubber Industries Co., parent company of Maxxis International, is reportedly planning to invest in an Indian factory, according to Tyres and Accessories. According to those reports, the tiremaker is interested in a 35-acre site located in Sanand, Gujurat, for a greenfield tire manufacturing plant that will see an investment of 4 billion rupees (approximately $70 million).
Tyres & Accessories also reported that Maxxis’ Indonesian president supports separate plans to build a Maxxis factory in Indonesia. Whether or not the company intends to build two new plants or one in either India or Indonesia is yet to be determined.