China instead of Thailand. As Tyrepress.com reported on 14 August, ZC Rubber has restarted a project in China that will increase its capacity to make tyres for New Energy Vehicles. The company is setting aside RMB 2.365 billion (£242.1 million / US$329.5 million) for the project, including RMB 671.5 million from reallocated IPO fundraising proceeds. ZC Rubber had originally earmarked this second amount for expansion in Thailand.
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