A tire manufacturer based in Vietnam will invest $68 million to establish its first U.S. operations in Allendale County, creating 1,031 new jobs.
Tin Thanh Group Americas will build a new facility along Walker Road in Fairfax, according to a news release. The new location will allow the company to manufacture and retreat large commercial vehicle tires, as well as operate its commercial tire leasing program.
“Tin Thanh Group Americas is excited to make South Carolina home for its first location outside Vietnam and is proud to be South Carolina’s first Vietnamese company,” said Tran Dinh Quyen, the company’s CEO. “Tin Thanh Group Americas looks forward to a long-lasting, fruitful and cooperative relationship with all of South Carolina.”
Supplying energy from reusable sources, Tin Thanh Group Americas will provide operations in recycled energy, closed industry-agriculture, recycled waste and tire leasing while serving the environment, energy, high-tech agriculture and technology markets, the release said.
Operations are expected to be online by September 2024.
“Each of the more than one thousand jobs from this investment will make a difference in the lives of a family in the region because good jobs and good economic development change lives,” said Allendale County Council Chairman Matthew Connelly. “We look forward to working with this fine company, which is committed to sustainability and good values, bringing prosperity to our area.”
The Coordinating Council for Economic Development approved job development credits related to this project. The council also awarded a $1 million Rural Infrastructure Fund (RIF) grant to Allendale County to assist with the costs of site preparation and infrastructure improvements.
Those interested in joining the company’s team should email firstname.lastname@example.org.