US market receives first Magna OTR tyre production from Thailand

8th November 2018 | 0 Comments
 
US market receives first Magna OTR tyre production from Thailand
Magna sees production in Thailand as a means of boosting its presence in the US

One way of avoiding anti-dumping duties applicable to tyres imported from China is not to import tyres from China. This is what Magna Tyre Group is now doing in the USA – the company is meeting increased demand for OTR tyres in this market by expanding its production capacity in Thailand. Tyres made in this facility, comments Magna, are don’t attract tariffs in the USA and thus offer the opportunity for the company to “massively increase our presence on American market.”

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Category: Company News, International News

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