Cheng Shin to Build Indonesia Plant
Cheng Shin Rubber Ind. Co. said Tuesday that it will invest US$300 million to build a plant in Indonesia, according to reports from Focus Taiwan. In its annual general meeting for shareholders, Cheng Shin President Chen Yun-hwa said that the construction of the new plant is scheduled to start early next year and the facility
Cheng Shin Appoints New Chairman
At Taiwanese tiremaker Cheng Shin Rubber’s Annual General Meeting, the son of company founder Lo Chieh (Luo Jie) was appointed the firm’s new chairman of the board. Lo Tsai-Jen (Lo Cairen), previously vice-chairman, replaces his 88-year old father as chairman effective June 17. Lo Tsai-Jen became vice-chairman of the board in 2010; prior to that