RICHBURG, S.C.—South Carolina Gov. Henry McMaster and Greg Foran, Wal-Mart Stores Inc. president and CEO, were on hand to help Giti Tire Group mark the start of production at the firm's $560 million, 1.7 million-sq.-ft. Richburg tire plant and distribution center.
The plant, originally announced in early 2015, is scheduled to produce several hundred thousand Dextero-branded passenger tires for Wal-Mart. Production should ramp up to several million passenger and light truck tires in 2018, according to Giti Tire (USA) Ltd.
Enki Tan, Giti Tire Group chairman, said his firm's investment in the plant "demonstrates our firm commitment to North American customers." He lauded the "extensive infrastructure network" in Chester County and a commitment to a highly skilled workforce.
Foran's appearance at the event is connected with Wal-Mart's $250 billion "America at Work" initiative. Boston Consulting
"By investing in products that support American jobs, we were able to bring products to our shelves that our customers want and new jobs to the communities we serve," Foran said.