Chinese tyre giant takes the road less travelled | Daily FT

Shandong Haohua Tire Co. signs BOI deal for $ 300 m export tyre manufacturing plant in Hambantota Will manufacture semi-steel radial tyres and all-steel radial tyres needed for trucks, buses and passenger carsTo create nearly 2,000 job opportunitiesFactory to be set up on 121 acres of land in Industrial Park within H’tota International Port Phase 1 targets annual production of 9 m tyres to be shipped in 45,000 containers via H’tota portProject will help SL double rubber sector exports to $ 2 b by 2025PM, Namal, new Chinese envoy and Shandong Haohua Chief witness agreement signing via videoThe …

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HEDGE accordingly