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Saudi tyre JV – Kumho Tire & Blatco sign tech agreement

Author: Stephen Goodchild Comments: 0
(l-r): Saudi Ambassador to South Korea Sami M. Alsadhan, Blatco chairman Abdullah Alwahibi, and Kumho Tire CEO Jeong Il-taik at a signing ceremony held on 28 February (Photo: Kumho Tire)

Kumho Tire has entered into a technology licensing agreement with Blatco (Black Arrow Tire Co.), a Saudi company established in 2019 to kick-start tyre manufacturing within the country with joint venture partners. Under the terms of the agreement, Kumho Tire will provide Blatco its passenger vehicle tyre production technology for the next 20 years.

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