Giti Tire opens first factory in the US
Giti Tire has opened company’s first tyre factory located in the US. The new 1.7 million square-foot facility, located in Richburg, South Carolina, is expected to create 1,700 local jobs as part of Walmart’s commitment to purchase an additional USD 250 billion in products supporting American jobs by 2023. In order to meet the growing demand of Walmart and the North American market, Giti Tire will invest USD 560 million and create new jobs in Chester County over the next decade.
Henry McMaster, Governor of South Carolina, Singapore Ambassador to USA Ashok Kumar Mirpuri and Greg Foran, President and CEO, Walmart US were present at the function.
Joining the company’s factories in China and Indonesia, Giti will be able to produce better to different product and market needs. In addition, high-tech R&D centers in Germany, US, China, and Indonesia and 11 offices ensure that the company will be able to maximise its potential on both global and local levels.
Production at this facility for the remainder of 2017 is estimated to produce several 100,000 units of Dextero branded tyres for Walmart. In 2018, capacity will reach several million tyres, with more passenger and light truck sizes being added in the future.
“Our investment in this facility and its workforce demonstrates our firm commitment to North American customers. Chester County’s extensive infrastructure network, proximity to a major metropolitan area, and commitment to a highly-skilled workforce will support the company’s needs and growth for many years to come,” said Enki Tan, Chairman of Giti Tire.
“By investing in products that support American jobs, we are able to bring new products to our shelves that our customers want and new jobs to the communities we serve. Our customers have told us that second to price, where products are made influences their purchase decisions,” said Greg Foran.