COLUMBIA (WACH)??Giti Tire, the 10th largest tire company in the world, will establish its first North American manufacturing facility in Chester County. The company plans to invest $560 million and create 1,700 new jobs over the next decade in order to meet the growing demand of the North American market.
The company announced its plans today during an event at the GATEWAY Conference Center in Richburg, where state and local offices and Singapore??s Ambassador to the U.S. Ashok Kumar Mipuri, joint to celebrate Giti??s location decision.
??This is another huge win for our state and Team South Carolina. We are the nation??s tire capital, and Giti??s decision to come to our state is another great sign that our economic development efforts are paying off for the hardworking people of South Carolina. We celebrate Giti Tire??s $560 million investment that will create 1,700 new jobs in our growing tire industry.?? Said Gov. Nikki Haley
Based in Singapore, Giti Tire will produce both passenger and light truck tires for the Original Equipment Manufacturer (OEM) and replacement markets in the markets in the Chester County plant.
The new facility which will be located on the Carolinas I-77 Mega Site, will combine manufacturing and distribution activities, with total building area estimated to be 1.8 million square feet.
The company??s decision to locate in South Carolina was driven by a number of factors, including the area??s workforce and training opportunities through the technical college system, proximity to major transportation infrastructure and deep-water port facilities in Charleston, market access to the growing Southeast Region and the state??s business-friendly environment.
??Chester County is an excellent location for Giti Tire, offering extensive and efficient infrastructure network including interstate highways, rail, close proximity to airports and a major metropolitan area to support the company??s needs and growth for many years to come.?? Said Lei Huai Chin, managing director of Giti Tire Group.