Thailand okays $400m investment by Continental AG to expand tyre facility

Thailand okays $400m investment by Continental AG to expand tyre facility

FILE PHOTO: Logo of German tyre company Continental is pictured before the annual news conference in Hanover, Germany, March 9, 2021. REUTERS/Fabian Bimmer/File Photo

Thailand’s Board of Investment said on Wednesday it had approved a $400 million investment by tyre-maker Continental to expand its existing facility in the country, which is the world’s second largest tyre producer after China.