The Da Nang Rubber Joint Stock Company (DRC) is expected to pour VND 830 billion worth of investment into the third stage of the expansion of its radial tyre manufacturing factory in a bid to double its annual capacity to 1 million tyres.

Bustling working ambiance recorded at the Da Nang Rubber JSC (Photo: KIM LIEN)

The project is scheduled to start in the fourth quarter of 2021,and it will be put into operation in 2024.

Given the significantly enhancing road transport infrastructure systems, the demand for
radial tyres used by trucks and buses is on the rise. This trend is promised to offer more long-term business opportunities for DRC.

This year, DRC is expected to earn VND 3,926 billion and VND 371 billion in revenue and after-tax profit, respectively, an increase of 7.7% and 44.6% as compared to last year. 

Meanwhile, the sales volume of radial and bias tyres is targeted to reach 553,045 and 648,537, respectively, up 9% and 3% from last year.

Reporting by TRIEU TUNG –Translating by A.T