Da Nang Rubber Completes Expansion of Radial Tire Plant to 1 Million Units Capacity

On December 17th, the Board of Directors of Danang Rubber Joint Stock Company (HOSE: DRC) approved the final settlement for the expansion project of radial truck tire production. This approval increases the plant's capacity to 1 million tires per year.

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In reality, the factory was completed by the end of June 2025, following approximately two years of construction.

According to DRC’s projections at the time of groundbreaking, the factory’s operation is expected to generate 161 additional jobs, with an estimated annual revenue of 3.65 trillion VND and a contribution of 175 billion VND to the state budget annually.

The Board of Directors’ resolution dated December 17 revealed that the total investment cost of the factory, as per the final accounting, was nearly 550 billion VND, 37% lower than the initial estimate.

DRC Factory Investment Cost
Unit: VND

Source: DRC Board of Directors’ Resolution

On the stock market, DRC is among the underperforming stocks this year, with a 31% decline as of the close of trading on December 17. As a company deriving approximately 60% of its revenue from exports, DRC has become less attractive to investors amid global trade instability caused by the tariff policies of U.S. President Donald Trump’s administration.

Thừa Vân

– 09:35 18/12/2025

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