Kumho Tires Restart Plant Building in the US
Date:2014-06-30 Source:www.chinatrucks.com
www.chinatrucks.com: South Korean Kumho Tires announced recentlt that they will restart their plant building in the US which has been delayed for six years.
Kumho Tires started plant building in Macon, Georgia State in May 2008, and the project is invested by 165 million USD and the annual output is 2,100,000 tires, and the company announced that the project will be delayed for one year due to financial distress, and the company had another three year delay in October 2009.
The operating loss amounted to 117 million USD in 2009 and it started to profit the next year, and they announed to restart the plant building in Sept. 2013, and recently they submitted load application but the procedure still need some time to continue.
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