In a significant stride towards meeting the escalating global demand for top-tier radial tyres, Doublestar Tire broke ground on May 9th for its highly-anticipated factory in Cambodia.
This momentous occasion marks the establishment of Doublestar (Cambodia), a joint venture with UBE Development Co. Ltd., poised to propel the company's growth and enhance its competitiveness on the international stage.
In a significant stride towards meeting the escalating global demand for top-tier radial tyres, Doublestar Tire broke ground on May 9th for its highly-anticipated factory in Cambodia.
This momentous occasion marks the establishment of Doublestar (Cambodia), a joint venture with UBE Development Co. Ltd., poised to propel the company's growth and enhance its competitiveness on the international stage.
Spanning an expansive 400,000 square meters, the forthcoming plant will stand as a testament to innovation and efficiency. With an annual production capacity of 7 million PCR (passenger car radial) tyres and 1.5 million TBR (truck and bus radial) tyres, the factory will be a beacon of excellence, driving Doublestar's commitment to meeting the ever-increasing demands of discerning customers.
The groundbreaking ceremony saw the presence of esteemed regional dignitaries and key figures from Doublestar. Among the notable attendees were Va Thorn, Governor of Kratie Province, Chai Yongsen, Chairman of Doublestar Group, and Zhang Qirong, Chairman of Zhongqi Group. Their participation underscores the significance of this milestone and reflects the strong partnerships that underpin Doublestar's progress.
With an 80 percent stake in this joint venture, Doublestar demonstrates its unwavering dedication to leadership in the tyre industry. UBE Development Co. Ltd., a respected industrial park developer, holds the remaining stake, solidifying the collaboration that will drive the factory's success.
The new factory will leverage economies of scale and cutting-edge equipment, bolstering Doublestar's competitive advantage in the global tyre market. With a strategic focus on Europe, America, and the ASEAN regions, Doublestar is poised to deliver unparalleled products and service to customers worldwide.
