On 4th October, 2017, Giti Tire welcomed Henry McMaster, Governor of South Carolina, Singapore Ambassador to USA Ashok Kumar Mirpuri, and Greg Foran, President and CEO, Walmart US, to celebrate the company’s first tyre factory 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 $250 billion in products supporting American jobs by 2023.
To meet the growing demand of Walmart and the North American market, Giti Tire would invest $560 million and create new jobs in Chester County over the next decade.
With Giti Tire’s new South Carolina production centre, its global status is fully certified. Joining its factories in China and Indonesia, Giti would be able to produce better to different product and market needs. In addition, the company says the high-tech R&D centres in Germany, US, China and Indonesia and 11 offices ensure that it would be able to maximise its potential on global and local levels.
“Walmart’s commitment to American jobs is having a tangible impact on communities across America, including South Carolina,” said McMaster. “I’m very happy to celebrate Giti Tire’s choice of Richburg to build a world-class manufacturing facility, bringing local jobs and investment to our great state.”
Based on data from Boston Consulting Group, it is estimated that 1 million new US jobs would be created as a result of Walmart’s initiative.
“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,” said Foran. “Our customers have told us that second to price, where products are made influences their purchase decisions.”
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 would 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,” said Enki Tan, Chairman of Giti Tire. “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.”