The Coronavirus has shut down production at numerous tire manufactuiring plants, but fortunately, our state-of-the-art Thailand manufacturing facility has not been impacted. It is operating at full capacity and is doing a great job meeting the demands of our North American market.
Our top concern, of course, remains the welfare and safety of our Double Coin family in the affected areas of China. We are thankful, however, that our Thai plant has not been affected and is continuing to produce high-quality TBR, OTR and IND tires for our North American customers. CLICK ON THE BANNER BELOW TO TAKE A VIRTUAL TOUR OF THE THAI PLANT.
With continuing good supply, we recently added two warehouses in California. With the expansion of these two warehouses, our total west coast square footage is now approximately 338,000 square feet. The two warehouses added 225,000 units to Double Coin’s capacity.
The total inventory is estimated at 90% for Truck and Bus Radial (TBR) and 10% for Off-The-Road (OTR)/Individual (IND) tires. The warehouse square footage for the east coast located in Memphis, Tennessee remains at 160,000 square feet.
Opening two new warehouse locations this year allows us to meet the growing demand for Double Coin tires.
We forecast Double Coin’s TBR and OTR/IND unit capacity will increase by 50% this year. There are also plans to add more warehousing sometime in 2021.
The company has a total of seven warehouses within North and Central America, Canad and Mexico. In addition to the four located in the U.S., other centers are located in Airdrie AB, Canada, Querètaro, Mexico, and San Josè, Costa Rica.
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Double Coin tires deliver exceptional value for a wide variety of commercial applications, including trucking, construction, mining, ports and agriculture. Our goal is to provide valuable information for those working in these industries.