Vee Rubber increasing tire production capacity in Thailand due to proposed tariffs on Chinese tires

By Stephen Frothingham

The company said its tire production capacity will be increased by 40 percent before the spring selling season.

BANGKOK, Thailand (BRAIN) — Vee Rubber Corporation, the parent of Vee Tire Company, is adding staff and expanding production in Thailand in response to demand from OEM and aftermarket customers in the U.S.

The company said its tire production capacity will be increased by 40 percent before the spring selling season.

The Trump administration has proposed a 25 percent tariff on a wide range of bike products from China, including bike tires. The U.S. Trade Representative is expected to decide next month whether to go ahead with the proposal.

But Vee officials said they are already seeing increased demand from the U.S. industry.

“We’re taking swift steps to add capacity to our factories, which essentially means hiring and training additional staff,” said Veerawat Sukanjanapong, brand director for Vee Tire Co. “Our tires are made by hand, which requires skilled, trained labor.”

Jason Rico, the company’s North American sales manager, added, “We’re in a unique position to help brands and distributors that have been buying in China, and need a new supplier. We already own the machinery for this expansion, as well as our own rubber …read more

Via:: Bicycle Retailer and Industry News