Goodyear Thailand to Build $ 162 Mil­lion Avi­a­tion Tire Fac­tory

Thai-American Business (T-AB) Magazine - - Property Trends -

Long- time AMCHAM mem­ber Goodyear Thailand an­nounced its plan to in­vest $ 162 mil­lion to build a new ra­dial avi­a­tion tire fac­tory to ex­pand pro­duc­tion at Phathumthani, north of Bangkok, to meet grow­ing de­mand in Asia Pa­cific.

The ex­pan­sion will help the tire maker cap­ture grow­ing de­mand for ra­dial tires as com­mer­cial air­lines are rapidly con­vert­ing their fleets to ra­dial tires from bias tires, Man­ag­ing Di­rec­tor Fin­barr O’con­nor said in a state­ment.

The first phase of the three- phase ex­pan­sion is tar­geted to be­gin op­er­a­tions by 2018, O’con­nor said.

The de­mand for ra­dial tires is ex­pected to im­prove as new com­mer­cial planes use them as stan­dard, be­cause they are lighter than bias tires and more suit­able for air­craft land­ings.

The world’s avi­a­tion fleet is pro­jected to dou­ble in size over the next 20 years, O’con­nor said.

The Thai unit, 66.8 per­cent owned by U. S.- based Goodyear Tire & Rub­ber Co, pro­vides orig­i­nal equip­ment and re­place­ment tires for pas­sen­ger cars, com­mer­cial trucks and re­tread tires for do­mes­tic sales and ex­ports.

The Thai com­pany, which em­ploys more than 1,000 peo­ple in Thailand, ex­pects to hire 100 more work­ers af­ter the project is com­pleted, it said.

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