American Tire Corp. (ATC) said it has acquired some 520 acres of land in Washington state on which it plans to build its $500 million OTR tire plant – a facility that earlier this year it had claimed was already under construction.
In addition, ATC said it plans to “acquire another big parcel of land with the similar size to support its long-term development in the OTR tire industry.”
ATC did not divulge where this land is located, nor has it ever stated where in Washington its planned plant would be constructed.
In July, ATC claimed “that its Washington operations will start in August 2008,” and that “a 500,000-square-feet (sic) facility for the first phase is almost done.”
“Manufacturing equipment will be moved to its new facilities step by step,” ATC said in its July 28 news release. “Production will begin as soon as everything is ready but not in August.”
In its latest news release, ATC said, “The key construction on this parcel of land will be done in several months. All related preparations for production are currently on schedule. Various cooperation and business from different companies and investors are under going.” (Courtesy of Tire Review)
