{"id":91726,"date":"2024-11-20T00:00:00","date_gmt":"2024-11-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/20\/black-arrow-tires-inks-rubber-supply-agreement-for-new-plant\/"},"modified":"2024-11-20T00:00:00","modified_gmt":"2024-11-20T00:00:00","slug":"black-arrow-tires-inks-rubber-supply-agreement-for-new-plant","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/20\/black-arrow-tires-inks-rubber-supply-agreement-for-new-plant\/","title":{"rendered":"Black Arrow Tires inks rubber supply agreement for new plant"},"content":{"rendered":"

Homegrown Black Arrow Tires (Blatco) and Thailand\u2019s Golden Star Rubber <\/strong>inked an MoU <\/strong>for the supply of rubber to a USD 470 mn tire manufacturing plant<\/strong>, according to an Alekhbariya<\/a> report and a post on X<\/a> from the Federation of Saudi Chambers. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

Details: <\/strong>The agreement looks to support plans to establish a USD 470 mn tire plant in Yanbu, which will churn out 4 mn tires for small cars per year in its initial phase. The facility will eventually ramp up to an annual production capacity of 6 mn units, including large tires for buses and trucks, according to Alekhbariya. Some 50% of production is earmarked for local markets, while the rest will be exported to neighboring countries, Blatco officials said. <\/p>\n

REMEMBER- Saudi is angling to become a global automotive industry hub:<\/strong> The Public Investment Fund (PIF) has been actively investing<\/a> in EV makers and the automotive value chain for some time as part of its diversification agenda, including investing multiple times in US-based luxury EV firm Lucid<\/a>. The fund also launched its own EV maker Ceer<\/a> in a JV with Taiwan\u2019s Foxconn<\/a>. Late last year, PIF established a USD 550 mn JV<\/a> with Italian tire manufacturer Pirelli to establish a Saudi plant with a production capacity of some 3.5 mn tires a year. <\/p>\n

\n

IN OTHER MANUFACTURING NEWS-<\/p>\n

The Saudi Authority for Industrial Cities and Technology Zones (Modon) broke ground on <\/strong>a project for 40 ready-made factories at Sudair Industrial City<\/strong>, it said in a post on X<\/a>. The new factories grant local SMEs access to some 60k sqm of manufacturing space. <\/p>\n","protected":false},"excerpt":{"rendered":"

The Yanbu-based facility is set to produce up to 6 mn tires a year<\/p>\n","protected":false},"author":1,"featured_media":91727,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2716],"tags":[3462,10,3463,392],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-black-arrow-tires-co-blatco","tag-enterpriseam-ksa","tag-golden-star-rubber","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"2124cb30-4ef1-4251-93b5-1ffb2968970c","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/1926.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Black Arrow Tires inks rubber supply agreement for new USD 470 mn plant","related_issue":[91716],"teaser":"The Yanbu-based facility is set to produce up to 6 mn tires a year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.7ffa7b64-d281-4829-aa0f-fcf37f1ef27f.mp3"},"yoast_head":"\nBlack Arrow Tires inks rubber supply agreement for new plant - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/20\/black-arrow-tires-inks-rubber-supply-agreement-for-new-plant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Black Arrow Tires inks rubber supply agreement for new plant\" \/>\n<meta property=\"og:description\" content=\"The Yanbu-based facility is set to produce up to 6 mn tires a year\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/20\/black-arrow-tires-inks-rubber-supply-agreement-for-new-plant\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-20T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1926.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/20\/black-arrow-tires-inks-rubber-supply-agreement-for-new-plant\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/20\/black-arrow-tires-inks-rubber-supply-agreement-for-new-plant\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Black Arrow Tires inks rubber supply agreement for new plant\",\"datePublished\":\"2024-11-20T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/20\/black-arrow-tires-inks-rubber-supply-agreement-for-new-plant\/\"},\"wordCount\":287,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/20\/black-arrow-tires-inks-rubber-supply-agreement-for-new-plant\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1926.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Black Arrow Tires Co. 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