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Kumho Tires plans USD297.8 million investment to nearly double capacity at Vietnamese plant

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Chinese owner Doubstar also commits USD92.3 million investment in capacity expansion

Kumho Tire under ownership of China’s Doublestar Tyre has pledged USD297.8 million to nearly double the capacity at its tire plant in Vietnam to sustain exports to North America while avoiding hefty US tariffs, according to a regulatory filing.

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