Giti to Break Ground in February
Giti Tire Group will break ground on its Chester County, S.C., plant on February 12. At full capacity, the new plant will produce both replacement and OE tires, and will employ some 1,700 people. The 1.8-million-square-foot plant located off I-77 will include a distribution center. Giti announced it would be building its first North American
Giti Raises Prices As Result of Duties
Giti Tire (USA) Inc. raised prices by 9.5% on all passenger and light truck tires (excluding ST tires) the company produces in China and sells in the U.S., effective Jan. 1, 2015. The price increase is the result of the 11.74% adjusted countervailing duties imposed by the U.S. Department of Commerce on Giti Tire Fujian
5 Bids Pre-qualified For Giti Tire Plant
Now that the bidding process for Giti Tire (USA) Inc.’s Chester County, S.C., tire plant has resumed, Giti officials are reviewing five bids, ranging from $7.9 million to $19.8 million, for initial site work on the company’s new Chester County, S.C., plant, according to The Herald. In early December, bids for the Giti plant project
Bids for Giti Plant Resume
The bidding process for Giti’s Chester County, S.C., plant can resume following a ruling by the state Court of Appeals. Last week a judge declined to hear an appeal that would stop the county from hearing bids it had already received. Due to the holiday the county is likely to award the construction bid until
Commerce Department Lowers Tariff Rates
The U.S. Department of Commerce amended its countervailing duty rates for passenger vehicle and light truck tire from China to correct ministerial errors, according to reports. The errors occurred when the department included Giti Tire Fujian Co. Ltd. and Cooper Kunshan China Tire Co. Ltd. in its weighted average calculation. With the corrections, Cooper Kunshan
S.C. Governor Wants Commerce Department to Reconsider Giti’s Tariff
South Carolina Governor Nikki Haley wrote a letter to the commerce department asking them to reconsider the 17.69% tariff against Giti Tire (USA) Inc. for its Chinese produced tires, according to The State. In her letter, Haley asked the department to revise the tariff rate against Giti and urges the commerce department to “quickly resolve
Giti Bids Still on Hold
On Dec. 12, a judge extended a temporary restraining order against bidding for construction at Giti Tire’s new plant in Chester County, S.C., after the court heard arguments about whether Chester County followed state and its own procurement procedures. Five bids will remain in limbo as the judge determines if the county followed correct procedure.
Giti Inks Deal
Giti Tire signed a deal for nearly 1,152 acres of land in Chester County, S.C., yesterday, according to local reports. Residents in the area were nervous about the deal falling through due to a recent lawsuit, but the county’s economic development director Karlissa Parker hopes the latest developments will reassure residents. The recent lawsuit –
Dispute Halts Giti Plant Bidding Process
Bidding for construction at Giti Tire’s new plant in Chester County, S.C., has been halted until a lawsuit challenging the process has been resolved. This legal action pulls into question when construction on the plant might begin. On Dec. 1, a circuit court judge issued a ruling prohibiting the county from continuing its bidding process
Chinese Duties Now Effective
Effective Dec.1, importers of passenger and light truck tires from China are required to pay the 15.69% countervailing duties, according to the Commerce Department’s notice in the Federal Register. The new duty is retroactive 90-days from the publication date of the Federal Register. Three companies have been singled out by the Commerce Department to pay
DOC Sets First Duty at 15.69%; Next Duty Due in January
The first shoe finally dropped late yesterday (Nov. 24) when the Commerce Department announced its preliminary countervailing duties on consumer tires produced in China and exported to the U.S. The 15.69% duty level, which will be reviewed again before it is set in concrete in early April 2015, will be retroactive for a 90-day period
Truck Tire Marketshares and Language Issues
If you want to understand what the phrase “lingering effects” means when speaking about the Great Recession, one can look at the current state of the U.K. medium truck tire market. Earlier this month, Tyres & Accessories revealed its 2014 rundown of truck tire brand marketshares in the still-together U.K. and topping the list was
