Maxxis Tyres Invest Rs. 2640 Crore In New Manufacturing Plant In India

The Indian arm of Maxxis Group, Maxxis Rubber India inaugurated its first manufacturing facility in Sanand, Gujarat. The plant was inaugurated by Vijay Rupani, Chief Minister of Gujarat, in the presence of Tsai-Jen Lo, Chairman, Maxxis Group, Cheng-Yao Liao, President, Maxxis India and Jia-Ciao Liou, Spokesperson, Maxxis India. The plant with an investment of over $400 million (Rs. 2,640 crore), is spread across 106 acres and is currently dedicated to manufacturing of two-wheeler tyres and tubes and will have a capacity to produce around 20,000 tyres and 40,000 tubes per day. With this, the company is targeting a market share of at least 15 per cent of India's tyre market within the next 5 years.

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Cheng-Yao Liao, President, Maxxis India said, "We are fully committed to the government's 'Make in India' initiative and our intent is to 'Make in India' for the world. We monitored the market for over two decades and then devised the strategy for entering India. The manufacturing plant in Sanand is only the first step of Maxxis's full range appearance in the country."

Jia-Ciao Liou, Spokesperson, Maxxis India said, "With a rich global experience of over fifty years, Maxxis utilizes the most advanced manufacturing equipment and engineering facilities in the industry. We are committed to delivering the same world class quality products and services that customers in India expect and deserve."

Maxxis currently serves as an OEM tyre supplier to Honda Two-Wheelers, Maruti Suzuki, Mahindra, Tata and Jeep in India. Apart from catering to the domestic tyre market, the product portfolio from the facility will be exported to South Asia, and will further expand to Africa and Middle East countries in the coming years.

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The production from the first phase of the facility began in August, 2017 in Sanand, Gujarat and it also offers all facilities from mixing to tyre building and curing, all under one roof. According to the company, the plant currently employs a workforce of 600 people which will be extended to close to 2000 persons in the next 5 years. Moreover, the Sanand facility also boasts of 'Effluent Treatment Plant' (ETP) and 'Sewage Treatment Plant' (STP) that gives the plant the status of a 'Zero Liquid Discharge' facility.

Maxxis is a wholly owned subsidiary of Cheng Shin Rubber Ind. Co. Ltd., the largest two-wheeler tyre manufacturer and the ninth largest tyre company in the world. The company has its presence in 6 continents with 21 manufacturing plants and 5 R&D centres worldwide, serving customers across 180 countries.