Site Prep Work Nearing Completion for Triangle Tire Plant
Hurricane Florence Did Not Flood the Site
FRANKLIN, TN (Sept. 19, 2018)
A green field in North Carolina’s Edgecombe County has been transformed in preparation for construction of a massive Triangle Tire plant which will ultimately produce six million passenger/light truck tires and one million commercial truck tires annually.
Company officials are pleased that the land on which the factory is to be built is free of water following the deluge from Hurricane Florence. The drainage worked perfectly and holding ponds did not overflow.
The company announced that funding has been secured and the first phase, a passenger/light truck tire manufacturing facility, is expected to be completed by April 2020. The second phase will be a commercial truck tire factory. The factories will share a rubber mixing facility. Total project cost is estimated at $580 million.
“We’re excited to see progress being made on what promises to be one of the most technologically advanced tire plants in the world,” said Triangle Tire USA CEO Manny Cicero. “We’re also pleased to be making good progress on developing relationships with some of the industry’s top distributors and dealers.”
Triangle Tire USA is the wholly owned subsidiary of Triangle Tyre Co. Ltd., marketing and selling a complete product portfolio. On the commercial side, the company offers a broad range of medium radial truck tires to the trucking industry. It also has a full range of off-the-road (OTR) radial and bias products, including giant radials for the construction, mining and aggregates industries. On the consumer side, Triangle Tire USA has a comprehensive line-up of passenger and light truck tires, including ultra-high performance (UHP), winter and specialty trailer tires.
Triangle Tyre Group, China’s largest privately-owned tire manufacturer, established its U.S. headquarters in Franklin, located just south of Nashville in Williamson County, in 2016.