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South Korea's Kumho Tire signs 20-year tech licensing deal with Saudi Arabia's Blatco Co for passenger car tire production in the Middle East, under Saudi Vision 2030.
South Korea's second-largest tire maker, Kumho Tire, has signed a 20-year technology licensing agreement with Saudi Arabia's Blatco Co.
This partnership will allow Kumho Tire to provide technology support for passenger car tire production in Saudi Arabia and the Middle East.
The deal was facilitated by the Saudi government's Vision 2030 policy, and aims to expand Kumho Tire's market presence in the region.
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Kumho Tire de Corea del Sur firma un acuerdo de licencia tecnológica de 20 años con Blatco Co de Arabia Saudita para la producción de neumáticos para automóviles de pasajeros en Medio Oriente, bajo Saudi Vision 2030.