Following completion and startup, Triangle Tire projects annual operating revenue of about $371 million.
Triangle Tire plans to invest $462 million to build a tire manufacturing plant in Svay Rieng province, Cambodia. The company intends the facility to supply the U.S. market.
The project supports Triangle Tire’s globalization strategy, it said. The company aims to expand its overseas manufacturing footprint. The Cambodian plant will be located in Svay Rieng province.
Triangle Tire USA Operations
Triangle Tire USA is headquartered in Franklin, Tennessee. It operates as a wholly owned subsidiary of Triangle Tire Co., Ltd.
Triangle Tire USA markets and sells off-the-road radial and bias tires. Its portfolio includes giant radial tires for construction, mining, and aggregates. The company also supplies medium radial truck tires to the U.S. trucking industry. Additional offerings include specialty trailer tires and select passenger and light truck tires.
Construction Timeline and Production Capacity
Triangle Tire expects construction to begin in March. The company will use its self-developed tire manufacturing technology at the facility.
The plant will have capacity to produce 6 million high-performance passenger car tires annually. It will also manufacture 1 million commercial vehicle tires per year.
Target Markets and Financial Projections
The facility will primarily serve markets like North America, Europe, the Middle East and Africa, and Southeast Asia.
Following completion and startup, Triangle Tire projects annual operating revenue of about $371 million. The company expects an investment return rate of 15.1%.
Triangle Tire plans to establish a wholly owned subsidiary in Cambodia. The subsidiary will implement and operate the manufacturing project.
