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English news

23-Jan-2019

China’s Roadbot plans USD614mn tyre plant investment in Abu Dhabi

Chinese tyre manufacturer Roadbot is setting up a plant in Abu Dhabi with an investment of AED2.2bn (USD614mn), in another sign of China's growing economic links with the UAE. The plant is being built at the China-UAE Industrial Capacity Cooperation Demonstration Zone within the Khalifa Industrial Zone Abu Dhabi (Kizad), the emirate's industrial hub and part of Abu Dhabi Ports, said a statement from Abu Dhabi Ports. Roadbot will be joining some 19 Chinese companies that have signed agreements to invest USD1bn in the demonstration zone, Abu Dhabi Ports Chief Executive Mohamed Juma al Shamisi said. The facility will have an initial production capacity of three million passenger car radial tyres and one million truck and bus radial tyres. It will be fully operational by October 2020. Production of passenger car tyres will be increased to 10 million by 2022. 

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