NAMA 10 Million USD Investment Tire Projects in Southeast Asia
Since years ago, NAMA has been investing continuously to build up high-end PCR and all steel TBR production lines in Southeast Asia for markets--US and EU which starts anti-dumping or trade war for China origin tires. Nama has taken the lead in overseas tire project investment. By 2020, Nama will invest up to 10 million USD in Southeast Asia tire projects, huge investment, and complete series covering the whole series of TBR and PCR.
NAMA PCR project in Vietnam:
Size series: RT, MT, UHP, Touring, HT, etc. from inch 15 to inch 28;
In 2020, 77 sizes available including: 6x MT, 11x RT, 20x UHP, 20x Touring and 20 x HT; in 2021, another new over 130 sizes of MT, RT, HT, Touring and UHP to be added in the lineup;
Target to sell 50 million USD in 2020 and 80 million USD in 2021.
NAMA TBR projects-“BIG FEET” in Vietnam and “ECO FIGHTER” in Thailand:
“ECO FIGHTER”: Low rolling resistance and heat generation, excellent wearing resistance and long mileage;
“BIG FEET”: Wider tread running surface, excellent loading capacity, and better ground grip;
Tires from the above 2 projects have been successfully accepted in CA, FL, IL, NY, and PA, etc. Sizes range from inch 19.5 to inch 24.5, from urban to the long haul, with top sizes for USA market like 295/75R22.5, 11R22.5, 11R24.5, 285/75R24.5, 255/70R22.5 and 225/70R19.5 with different wheel positions;
Target to sell 75 million USD in 2020 and 120 million USD in 2021.
The successful completion of NAMA overseas bases is the new impetus for the global development of the NAMA tire!