GiTi Tire USA (Ltd.) SCITC 2014 Presentation
Transcription
GiTi Tire USA (Ltd.) SCITC 2014 Presentation
We strive for greater customer satisfaction building on our brand promise while doing what is right for our stakeholders, community, and the environment. At a Glance A Singapore Company Has been in the tire business for more than 60 years, Giti Tire has become one of the world largest tire manufacturers Employees Tire Manufacturing Facilities From over 20 different nationalities 7 in China and 1 in Indonesia Points of Sale R&D and Technical Centers In more than 100 countries in China, UK, Indonesia, Germany and USA. North America Operations NA Office Locations: - USA: Rancho Cucamonga, California (est. 2005) - CANADA: Surrey, British Columbia, Canada (est. 2007) Servicing more than 6,500 retail points across U.S.A and more than 740 retail points across Canada. 3 Giti in the United States Our tires have been sold in the USA for more than 20 years 4 Sustainability Initiatives OTHER INITIATIVES • • • • Fresh water Marine Reforestation Zoonotic disease DECREASE • • • Water consumption Energy consumption Pollutant particles INCREASE • $2.5 million USD for projects with Conservation International to offset carbon footprint & biodiversity conservation Recyclability Humanitarian Partnerships Give of Love - Give of Sight Partnership with China Disabled Foundation Spinal Cord rehabilitation support Giti Chester Plant We strive for greater customer satisfaction building on our brand promise while doing what is right for our stakeholders, community, and the environment. Giti Chester Plant – Why USA • Existing business and strong demand for Giti Tire’s passenger and light truck tires in North America have made this significant investment in North America possible for Giti Tire • Giti needs to be closer to its customers in North America and shorten the supply chain pipeline (faster to market) • Favorable business environment for automotive industry • Large talent pool of skilled manufacturing workforce • Global business risk mitigation – – – – Oil price (raw materials and transportation risks) Currency Exchange Risk Country Risk Natural Disaster Risk Giti Chester Plant - Why Chester, SC? Over 13% of South Carolina’s workforce is employed in manufacturing, 2% higher than the national average. Also, SC is one of the major players in the Automotive Industry Region has experienced 32.8% population growth since 2000. Large talent pool and skilled workforce Proximity and Strategic Infrastructure to support Supply Chain and Operations - Proximity to major metro area to support the growth of the company - Only 40 minutes from Charlotte International Airport (CLT) - Major Intermodal infrastructure - Port of Charleston - Major Interstate, such as I-77, I-85, I-20, etc. More protected region from major Natural Disaster ReadySC and Technical College system Local Community Support Giti Chester Plant – Facts Summary • Giti Chester Plant is expected to create 1,700 new jobs over the next 10 years. • Giti Tire will invest approximately $560 million dollars. • The site is approximately 1,100+ acres and located in Chester County, South Carolina. • The facility will combine manufacturing facility and distribution center. • This is the first green field project in North America for Giti Tire; and it will be Giti Tire’s 9th tire manufacturing plant globally. • Giti Chester Plant will produce PCR/LT tires for the replacement market and automakers in North America. • Giti Chester Plant’s production capacity is expected to be 5 million tires per year by 2018. Giti plans to further increase production capacity following market demand, condition, and the company’s North American business growth.