Chinese tyre manufacturer Wanli Tire plans to construct a tyre manufacturing plant in Selangor, according to Selangor investment, trade and mobility exco Ng Sze Han.
The planned tyre manufacturing plant in the state will be in Hulu Selangor, and this will be the brand’s second overseas plant after its manufacturing site in Cambodia. The investment by Wanli Tire is estimated at around RM1.37 billion, and the Hulu Selangor plant is planned for an annual production capacity of 6.2 million tyres.
Investment in the Wanli Tire plant planned for Hulu Selangor is expected to create 1,350 local jobs for production line positions as well as high-value roles for engineers, quality specialists and managers, according to Ng.
According to New Straits Times citing a Bursa Malaysia filing, Wanli Tire will enter the automotive tyre manufacturing business in Malaysia through its business unit, Hong Kong-based Trusmax Investment, which has entered into a joint venture agreement with Alam Baiduri, a wholly-owned unit of Berjaya Property.
The agreement is to form a joint venture company to undertake the research, development, design, manufacture and sale of automotive tyres, related spare parts and components, as well as to provide aftersales services in Malaysia, reported NST.
“The total funding required by JVC for setting up the automotive tyre manufacturing plant is estimated at about RM1.30 billion. Of this, RM813.35 million will be funded through equity contributions by Alam Baiduri and Trusmax, while the remaining RM491.45 million will be financed through borrowings,” the report wrote.
The planned investment by Wanli Tire comes after Prinx Chengshan Tire, also from China, which announced last November its plan to invest RM2.6 billion over 15 years to build a tyre manufacturing plant Kedah Rubber City (KRC), Kedah, the first phase of which is expected to deliver its first fruits this year.
At the time, Kedah Industry and Investment Committee chairman Dr Haim Hilman Abdullah said the 102.63-acre Prinx facility is expected to start exporting its first batch of products within a year, creating 1,056 high-value jobs in engineering, R&D and administration.
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Stop bringing in trash here.
so tell me which other tyre company setting up new factory and investing RM1.8b + creating 1350 local jobs?
If you want, they can also setup scam center and create thousands of jobs with housing and meal benefits too.
Fully agreed. Clear all rubber trees plantation convert into new office blocks apartments. Stop making tyres using rubber latex.
Ensure all managers for these ckd chinese brands are Malaysian educated in SRJKC or UEC school. Otherwise, they are NOT welcome here. Shoo, go away!
Absolutely agree.
Fully agreed. Progressive Malaysian parents sent their child to SRJ(C)K. Du-Zhong. International schools.
if not for chinese brands, Malaysian will still pay yahudi price for jap trash
Yet people are ungrateful. No Chinese no harga ramah
if these manufacturer brings factory into malaysia, it is time, our miti and mot, looks also into tyre grade or quality for our road conditions.
investments by these comapanies compensate for the loss of Continental and goodyear tire manufacturing locally.
apa logic ini? why must a new brand compensate for loss of market by existing foreign brand?
you suggest companies willing to invest in malaysia after complying with what malaysian govt EXISTING rules still do not qualify?
SO every morning must sing motivation Song ?
Faster WAKE UP Faster WAKE UP
Cepat Bangun, Cepat Bangun
Kita Banngkit, Kita Banngkit
The 5am song
the motivation song is already being broadcast arcross malaysia at 615am daily, oops sorry my mistake that song did not come from tyre factory.
it’s a joint venture with Berjaya Properties… with 40% stakes by Berjaya properties.. 60% by wanli parent company
Wan sui wan wan sui
Malaysia wages are so cheap even prc outsource to here
Huge cost saving, petroleum, steel, rubber, sillica all source locally.