BOI approves $400m investment by tyre-maker Continental

Quick Summary:

The Board of Investment (BOI) said on Wednesday it had approved a US$400 million investment by tyre-maker Continental to expand its existing facility in Thailand, which is the world's second largest tyre producer after China.

Coloured identification stripes sit on newly manufactured automobile tires at the Continental AG automobile tire manufacturing plant in Timisoara, Romania.

Thailand is a regional automaking centre for major companies and has recently been on a drive to court investment from big EV brands.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaOmanRomania

Topics: Investment Identification Major Thailand Continental Tyres Coloured Automobile Manufacturing Million Been

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-09 @ 10:30:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 184 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 22963315

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Official Website: bangkokpost.com

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News Last Updated: 4 hours ago

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Publisher ID: #66

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