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Город: Москва
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8 (800) 300-65-10

Kumho mulls tire manufacturing plant in Saudi Arabi

Kumho Tire has signed a memorandum of understanding with Saudi Arabia's Blatco (Black Arrow Tire Co.) for the construction of a new production facility in the country.


The agreement was signed 18 Jan and within the framework of the Saudi-South Korean Business Forum, held in Riyadh, said a Kumho Tire spokesman in a written statement to ERJ. 


As part of the agreement, the ‘technical partners’ will start discussing in depth the construction of a tire plant, he said 25 Jan. 


According to the Saudi press, the planned tire factory will have a capacity to manufacture 15 million units of tire per year and is scheduled for operation in the third quarter of 2023.


The Kumho spokesman, however, said the information provided by the Saudi press was “not correct, as nothing has been decided yet.”


A total of 13 agreements were signed during the high-level Saudi-Korea talks, which ended on 18 Jan.


Among other deals, Saudi Aramco signed 10 agreements covering various areas of manufacturing, low carbon energy development and finance with South Korean partners.