Chennai, India – Alliance Tire Group (ATG), manufacturer of Off-highway tires, is considering the construction of a new production unit either in India or outside it, the company has confirmed to ERJ.
In a written statement to ERJ, the company said given the “speed of growth” in the past few years, the company believes it would be able to double its sales in the next 5-7 years.
ATG said it is currently evaluating its product needs and investigating various sites and could therefore not comment on the size of the investment.
ATG, which was acquired by Yokohama in 2016, hopes to finalise the location by the end of this year.
The company already has two production plants in Indian cities of Tirunelveli in Tamil Nadu; and Dahej in Gujarat and one in Hadera, Israel.
The plant is expected to take two years to complete after the start of construction.