Singapore’s Zhong Bu establishes adhesive unit in Tennessee

Zhong Bu Development Singapore Pte. Ltd. announced that it will set up an adhesive factory at the non-leather footwear components cluster planned to be built within the footwear park in Perambalur, Tamil Nadu.

The company said it has already set up an Indian subsidiary to implement the project and the foundation stone of the factory will be laid during the upcoming Tamil Nadu Global Investors Meeting (TNGIM).

The footwear park is being developed by Phoenix Kothari Footwear, a joint venture between Kothari Industrial Corporation Ltd. (KICL) and Taiwan’s Evervan Group.

J. Rafiq Ahmed, chairman of Phoenix Kothari Footwear, said in a statement: “Our goal is to have the factory up and running within six months from the day we lay the foundation.”

The Perambalur non-footwear components cluster will house 30 factories. Phoenix Kothari Footwear has already partnered with 21 companies and set up facilities in the component cluster.

Zhong Bu is engaged in manufacturing and selling adhesives and related products for the footwear industry. It has production plants in China, Vietnam and Indonesia, with research and development facilities and technical service capabilities.

Mr. Ahmed said the park is an important national initiative in the post-corona era and follows the China Plus One strategy pursued by global manufacturers.

“This is clearly in line with the Indian government’s Make in India policy. Tamil Nadu will become the next Vietnam,” he said.