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YHI lifts capacity with Suzhou plant
YHI lifts capacity with Suzhou plant

(2006-11-21)

  SUZHOU - SINGAPORE-LISTED car wheel maker YHI International opened a new plant yesterday that will more than double its manufacturing capacity.

  The US$15 million (S$23.5 million) 75,000 sq m facility in the industrial city of Suzhou has 12 production lines, each capable of producing 180,000 alloy rims a year.

  Together with its plants in Shanghai, Taiwan and Malaysia, YHI can make 2.1 million rims, but that capacity will more than double in four years.

  'By 2010, we will have in total 24 lines capable of making 4.3 million rims a year,' group managing director Richard Tay said yesterday.

  'We want to be a global supplier of rims. The world is our market.'

  Mr Tay said last year that YHI aims to become the world's largest supplier of alloy rims - which car owners typically upgrade to - by 2010.

  The world market for such wheels is estimated at 25 million to 30 million a year, with the United States accounting for 15 million and Japan nine million.

  China, with its ballooning car population, is also a growing market.

  'China is expected to become one of the largest markets in the world,' said Mr Tay, explaining that YHI had accelerated and focused its expansion plans in China for this reason.

  Some of the world's biggest wheel producers are from Taiwan.

  Yesterday's opening ceremony was attended by over 500 guests, including Suzhou government officials and YHI's business partners from around the world.

《The Straits Times》


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