Recently, Jiangsu Topower Tyre Co., Ltd. announced that it plans to invest US$10 million to establish two wholly-owned subsidiaries in Cambodia's Kampong Speu to promote the construction of high-performance solid tire projects and supporting industrial real estate.
Among them, the company plans to invest US$7 million to establish "TOPOWER (CAMBODIA) Co., LTD", which will mainly engage in the production of high-performance solid tires.
At the same time, the company plans to invest another US$3 million to establish an industrial real estate company "JADEKING INDUSTRY CO.LTD", which will mainly engage in land leasing and sales, industrial plant construction, leasing and sales.
The company said that the two investments are based on the needs of its strategic development layout, will have a positive impact on the company's global layout, are in line with the long-term development strategy and the interests of all shareholders, and will have a positive impact on the company's future business development.
Jiangsu Topower Tyre Co., Ltd. was established at Yancheng, China in 2012. The factory mainly produces specialist solid tires in Industrial, OTR and press on classes as well as lift platform, spongy rubber tires and rubber machinery parts. TOPOWER tires are exported to more than 60 countries from the Americas to Oceania, Europe Africa and Middle East.
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