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Chinese firm builds 138-mln-USD car tire plant in NE Cambodia

PHNOM PENH, May 10 (Xinhua) — Newbustar (Cambodia) Tire Co., Ltd., a subsidiary of China’s Qingdao Doublestar Group, has begun to build a 138-million-U.S.-dollar car tire factory in northeast Cambodia’s Kratie province, the Kratie provincial administration said in a news release on Wednesday.

Kratie provincial governor Va Thorn on Tuesday attended a ground-breaking ceremony for the plant on a 40-hectare parcel