News from Notch Consulting, Inc.

September 21, 2017

Goodyear, Giti, Hankook plants due on stream

Filed under: Tires — Tags: — Notch @ 3:42 pm

With three new factories poised to begin production in the coming months, tire manufacturing in North America will see a significant boost.

Together the plants — Goodyear’s in San Luis Potosi, Mexico; Giti’s in Clarksville, Tenn; and Hankook’s in Richburg, S.C., represent nearly 17 million units of new annual capacity for passenger and light truck tires.

Giti and Hankook have scheduled ribbon-cuttings for October. Goodyear has yet to announce similar plans for its factory.

Goodyear’s plant, its first new factory in the Americas in 25 years, represents an investment of $550 million and is rated at 6 million tires a year.

Giti’s 1.8 milllion-sq.-ft. plant represents a $560 million investment. Capacity will be 5 million car and light truck tires a year

Hankook’s 1.5 million-sq.-ft. Clarksville plant represents a $580 million investment. The firm, a unit of South Korea’s Hankook Tire Co. Inc., plans to ramp up production steadily by 2018 to the rated capacity of 16,000 units a day.

Sourced article can be found here.

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Create a free website or blog at WordPress.com.

%d bloggers like this: