Kenda Rubber (Vietnam) Co., Ltd. (Vietnam)

As a member of Kenda Group, the subject engages in manufacturing and trading types of tires and tubes. Besides the domestic market, its products are also exported to Taiwan, USA, Germany, Greece, Cambodia, Colombia...for consumption. Kenda Rubber Industrial Company Limited – parent company's shares are listed on the Taiwan Stock Exchange under stock code “2106”, which focuses on producing and trading rubber products such as inner tubes, tires for bicycles, scooters, industrial trucks, cars, and various products of carbon fiber. Kenda is known as a corporation specializing in supplying tires to major partners in many countries around the world. According to press information, the market in 2022 showed disturbances on interest rate, foreign exchange rate, inflation rate… due to geopolitical tension's impact. This led to a rise in burdens of input costs and financial costs for many tires and tubes manufacturers. Therefore, profit margins tended to decline. Besides, many companies also stocked more materials under unfavorable market conditions in order to avoid price fluctuations.