Kumho Tire to locate first U.S. manufacturing facility in Georgia
Gwangju, January 2008 – The Korean tire manufacturer Kumho Tire Co., Inc., one of the top 10 tire manufacturers in the world, will locate its first U.S. manufacturing facility in Macon. The new plant will create 450 jobs and $225 (USD) million in investment, including a second phase expansion. Kumho Tire will start construction in May 2008, and production will begin in October 2009.
“The U.S. is the home of automobile industry and is the largest tire market in the world,” said Sae Chul Oh, Ph.D., CEO and President of Kumho Tires Co. “Kumho Tire can reduce its freight costs and increase market share in the U.S. by having a manufacturing plant here in Georgia.”
“Georgia’s ability to attract Kumho Tire shows the strength of our workforce and our unparalleled transportation network,” said Georgia Governor Sonny Perdue. “Georgia is perfectly positioned to allow an industry leader such as Kumho to thrive and succeed, creating hundreds of new jobs for our citizens.”
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