News from Notch Consulting, Inc.

February 9, 2015

GITI breaking ground on US tire plant

Filed under: General, Tires — Notch @ 7:16 pm

From Tire Business comes word that Giti Tire Group will break ground on Feb. 12 on its new $560 million tire plant near Richburg, Chester County, South Carolina. The plant is being built at the Carolinas I-77 Mega Site and will eventually will span 1.8 million square feet. Giti is receiving $40 million or more in economic benefits from state, county, and local government agencies toward construction of plant in the form of grants toward purchasing the land and “job development credits.” At full capacity, the plant will employ 1,700 workers. Capacity will be 5 million car and light truck tires a year at full capacity. Construction is expected to take 22 months, putting the plant onstream in late 2016 or early 2017.

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