27 June 2012 09:24 [Source: ICIS news]
SINGAPORE (ICIS)--Trelleborg has opened a new facility to produce high-performance agricultural tyres at Xingtai of Hebei province in north ?xml:namespace>
The facility will produce tyres for farming, forestry and agro-industrial applications, it said in a statement.
Financial details and cost of the new plant were not stated.
The investment is part of the company’s long-term strategy to expand in markets with favourable potential, the statement added.
“Today, more than half of farming operations in the country are conducted manually and industry mechanisation is taking place rapidly. The demand for high-performance agricultural tyres is favourable,” said Business Area President, Trelleborg Wheel Systems, Maurizio Vischi.
The company employs approximately 1,500 people in
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