South Carolina Governor Henry McMaster and Walmert President and CEO, Greg Foran were present to help Giti Tire Group mark the start of production at the firm’s $560 million, 1.7 million-sq.-ft. Richburg tire plant and distribution center on October 4.
Originally announced in early 2015, the plant is scheduled to produce several hundred thousand Dextero-branded passenger tires for Wal-Mart in the remainder of 2017. Giti Tire hopes to ramp up production to several million passenger and light truck tires in 2018.
The plant’s first-phase nameplate capacity is 5 million tires.
A second-phase capacity expansion will be market-driven, the company said.
Read the full press release here.
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