With an eye to the rapidly increasing demand for its brand and expected growth in 2019, Magna Tyres Group has plans for another expansion of its NL Hardenberg plant, which will be finalized in 2018.
Only two months since its most recent expansion, production will rise to 7,000 tires in the 17.5R25, 20.5R25 and 23.5R25 tire ranges in 2019, Magna says. The growth is in keeping with the company’s 2018-2023 business plan to continue the increase of production aimed at improving product availability for the company’s customer base worldwide.
Magna says the combination of innovative European engineered technology and the high level of production at Hardenberg/NL ensures the premium-quality manufacturing required to provide end-users with the lowest cost per hour performance, for which the company is well-known. In addition, Magna points out that the production is not subject to Chinese anti-dumping tariffs and therefore offers advantages to customers in specific countries such as the U.S., Turkey and Brazil. As a result, the company expects growth of the Magna brand to continue to increase in the coming years, strengthening its position as an industry leader and one of the fastest-growing OTR companies in the world.
