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Doublestar to build tyre plant in Algeria

Doublestar, which now owns 45 per cent of Kumho and has assumed the role of controlling shareholder, continues to expand its production capacity.

I read in the European Rubber Journal that Doublestar is planning to build a new plant in Algeria with an annual capacity for two million truck and bus tyres and 5 million passenger car tyres.

Doublestar will invest is to set-up a joint-venture with an Algerian company for the project, and Doublestar will initially invest over €5 million.