Trelleborg has purchased an operation in Xingtai, in eastern
China, to help steer the company’s expansion into the Chinese
specialty tire market, particularly for farming
applications.
The company is the first manufacturer of agricultural tires
from the West to have its own production in China, providing
proximity to Chinese customers along with support for
regional European and American firms.
“This acquisition will give us a lead in this expansive
market,” says Maurizio Vischi, Maurizio Vischi, business area
president at Trelleborg Wheel Systems.
“There is enormous potential within agricultural machinery in
China. Today, more than half of all agriculture in the
country is conducted manually and the shift to using more
vehicles and machinery is taking place rapidly,” he
notes.
Trelleborg acquired an existing facility from a Chinese
company, part of U.S. Group Main Industrial Tire, LLC, and
will also take over about 180 employees.
“Our customers are becoming increasingly global. They are now
becoming established in Asia, mainly in China, which is why
we are implementing this acquisition. This is an excellent
way of entering the rapidly expanding Chinese market,” Vischi
says.
For more information, visit www.trelleborg.com.
