Continental, the international technology corporation, has finalised the site selection process for its new passenger and light truck tyre production facility in the Asia Pacific (APAC) region and decided to build it in Rayong, Thailand. The first phase of the investment in this new tyre plant would amount to around €250 million with a planned production of about 4 million passenger and light truck tyres (PLT) per year by 2022. Operations is expected to begin in 2019 and Continental expects to create around 900 new jobs in Thailand. This investment is seen as an essential part of the long-te...
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