PRINX CHENGSHAN: Thailand tire production base temporarily halts production
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PRINX CHENGSHAN announced that its wholly-owned subsidiary PRINX CHENGSHAN Tire (Thailand) Co., Ltd. has temporarily suspended production due to a notice from the Industrial Estate Authority of Thailand. The reason for the suspension is that the handling of carbon black packaging bags is suspected of violating industrial waste disposal regulations, and the waste discharge from the expanded production line is pending acceptance. The company has appointed a lawyer to handle this matter and is negotiating with the IEAT, expecting a clearer production suspension timeline within one to two weeks
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