JGST to Set Up Singapore Unit as It Expands Across Southeast Asia

JGST to Set Up Singapore Unit as It Expands Across Southeast Asia,中国江苏通用科技拟出资近500万美元,在新加坡设立贸易子公司
Published on: April 20, 2018
Author: Amy Liu

Jiangsu General Science Technology Co. (JGST)will spend up to USD5 million to set up a Singaporean unit as it looks to facilitate natural rubber procurement and tire sales in Southeast Asia.

The move aims to speed up overall business development in line with the company’s globalization strategy, the Wuxi-based company said in a statement yesterday.

The deal will consolidate JGST’s natural rubber sourcing and sales channels and allow the firm to benefit from favorable investment and trade policies available in Singapore, the company said.

JGST announced plans to plow USD300 million into a high-performance radial tire plant in Cambodia the same day, seeking to bolster market share and profitability in the Southeast Asian nation and steer clear of American tariffs on Chinese tires.

Source: yicaiglobal.com

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