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Thursday, November 21, 2024 6:21 GMT
Saudi Arabia’s Black Arrow Tire Co., or Blatco, has partnered with Thailand’s Golden Star Rubber Co. to build the Middle East’s largest tire manufacturing facility in Yanbu, with a US$470 million investment. The plant will initially produce 4 million tires annually for passenger vehicles, with plans to expand production to 6 million tires per year, including truck and bus tires. The Yanbu facility is set to boost Saudi Arabia’s industrial capabilities and will create more than 2,000 local...More