Giti Tire
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| Industry | Tire Manufacturing |
|---|---|
| Headquarters | Singapore |
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Key people
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Executive Chairman, Enki Tan Managing Director, Lei Huaichin |
| Revenue | USD $3.434 Billion (2014) |
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Number of employees
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Over 32,000 Worldwide |
| Website | www |
Giti Tire is a Singapore headquartered tire company, with eight manufacturing facilities, over 32,000 global employees, and distribution to a market of more than 130 countries.
As of 2014, Giti ranked as the #10 tire manufacturing company in the world based on revenue.
Giti Tire's roots go back to 1951, beginning with bicycle tire and inner-tube manufacturing in Indonesia, and later producing bias tires for passenger and commercial vehicles. The company entered China in 1993 and established a joint venture with Anhui Tire Factory, an independent third party for the production of bias tires. In 1998, Giti established proprietary sales and distribution centers in various locations, completing manufacturing facilities in Fujian two years later to serve new passenger car tire (PCR) production. Since then, the company has expanded further internationally, opening offices and distribution centers around the world.
In 2005, Giti acquired a 22.5% stake in Gajah Tunggal, an Indonesia-based tire manufacturer listed on the Jakarta Stock Exchange, which owns and operates the largest integrated tire manufacturing facilities in Southeast Asia. Giti's interest in Gajah Tunggal has since increased to approximately 49.7%, as of 1 April 2011.
In June 2014, the company announced plans to build a USD $560 million production plant in South Carolina, USA, its first factory outside of Asia.
In February 2016, Giti was named Automotive Supplier of the Year and Hardlines Supplier of the Year by Walmart USA.
Giti sponsors motorsports drivers and events under the Giti and GT Radial brands. Included among these are being the primary tire sponsor for Volkswagen Motorsports events in China, including Formula Masters China and Scirocco R-Cup China races.
In the United States, Giti sponsors Japan’s Nobuhiro Tajima in the Pikes Peak International Hill Climb Championship, the 2013 winner in the Electric Auto division.
Under the GT Radial brand, the company also sponsors multiple drivers in US-based Formula Drift.
Giti Tire manufactures a variety of brands of passenger car, truck/bus, and off-road tires for global markets, which include Giti, GT Radial, Primewell, Runway, and Dextero.
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Wikipedia