# Thailand’s BOI Approves Continental Tyres’ Export Manufacturing Plan

- Link: https://www.thailand-business-news.com/companies/167663-thailands-boi-approves-continental-tyres-export-manufacturing-plan
- Published: 2024-10-09T21:45:25+07:00
- Author: Jessica Lee

**Continental Tyres (Thailand) plans to invest 13.4 billion baht to expand its Rayong
plant, increasing output to 7.8 million tyres annually and creating 600 jobs, enhancing
Thailand’s tyre production status.**

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The Thailand Board of Investment (BOI) has officially approved an investment application
from Continental AG’s subsidiary, Continental Tyres (Thailand). The company plans
to invest 13.4 billion baht (approximately USD 400 million) to expand its tyre plant
located in Rayong Province. This expansion is set to increase annual production 
by 3 million high-performance radial tires, primarily for export, and will raise
total production to 7.8 million tires per year.

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This investment will also enhance local employment, creating an additional 600 jobs
to bring the total workforce to 1,500. The expansion includes the construction of
a new building and the installation of advanced machinery imported from Germany,
ensuring the use of locally sourced natural rubber in tire manufacturing.

According to Mr. Narit Therdsteerasukdi, BOI Secretary General, Continental’s investment
underscores Thailand’s capabilities as a world-class manufacturing hub for high-
quality tires. The initiative consolidates Thailand’s reputation as a significant
player in the global automotive industry and reinforces investor confidence in the
region as a strategic production base.