Business

Vietnam’s rubber firm exports tyres to US

The Southern Rubber Industry JSC (Casumina) on January 5 reached an agreement with its US partner to export tyres to the US market in 2015, according to the Sai Gon Giai phong (Liberated Sai Gon) newspaper.
The Southern Rubber Industry JSC (Casumina) on January 5 reached anagreement with its US partner to export tyres to the US market in 2015,according to the Sai Gon Giai phong (Liberated Sai Gon) newspaper.

Accordingly, Casumina will ship 200,000 tyres worth 57 million USD to the US from now to the end of the year.

Representative from the rubber company said in an attempt to obtainthe order, the company has invested in technology and equipment toproduce all-steel radial tyres.

Casumina is one of the leadingdomestic makers of car tyres in Vietnam. The company put into operationan all-steel radial truck tyre factory in the southern province of BinhDuong last April.

The 3.38 trillion VND(161 million USD) factory, the most modern of its kind in Vietnam,was co-invested by the Vietnam National Chemical Group (Vinachem) andCasumina, and is capable of producing 1 million units per year.-VNA
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