Kumho Tire Signs Tech Export Agreement with Saudi Arabia’s Blatco

Kumho Tire inked a technology export agreement with Saudi Arabia’s Black Arrow Tire Company (Blatco) on Feb. 28.

Through this agreement, Kumho Tire will provide Blatco with technology for production of passenger car tires sold in the Middle East, including Saudi Arabia, for 20 years.

Blatco, a manufacturing company strongly supported by the Saudi Arabian government’s Vision 2030 policies, aims to complete and start production of an 85,000 square meter tire plant in the Western Industrial Zone by 2027. The company plans to expand its mobility business by producing and selling tires in Saudi Arabia and other Middle Eastern markets. …

Source: Business Korea