Blatco appoints construction consultants for Saudi tyre factory project
Three years ago, Black Arrow Tire Co. (Blatco) announced its plans for a tyre factory in the Kingdom of Saudi Arabia. Shortly afterward, Kumho confirmed it was in talks with Blatco. In March 2024, Kumho and Blatco signed a technology license agreement, which is purportedly a 20-year deal. The latest news is that, in mid-February 2025, under the auspices of the Saudi government’s Public Investment Fund (PIF) summit, Blatco signed a “strategic partnership” with both Kumho and another Korean company, Misong Tech.