QINGDAO, China (Dec. 21, 2015) — Qingdao Sentury Tire Co. Ltd. is budgeting “several hundred” million dollars for a passenger tire plant in the U.S., with 2017 as the target for getting established, according to Sentury President Lanny Lin.
Sentury has hired Rami Helminen, formerly a senior vice president of Finland's Nokian Tyres P.L.C., to oversee the project and become CEO of the U.S. manufacturing operations, Mr. Lin told Tire Business in an email exchange.
Sentury envisions building a “highly automated smart tire factory” along the lines of its existing plants in China and Thailand, with a target annual capacity of 10 million tires.
Sentury said it is researching potential sites for the factory.
Earlier this year it hosted a delegation of Georgia state political and business representatives at its facilities in China, where they discussed with Sentury executives the possibilities of investing in Georgia.