WHILE most companies seek low-cost production bases, US-based tyre recycling company Tire International is moving its operations out of China and investing US$25 million to set up a recycling and manufacturing facility in Berkeley County.
It has set up a third-generation recycling and manufacturing operation in Moncks Corner and is currently in the process of upgrading its facility there to prepare for full operations.
At the new plant, Tire International will recycle tyres by breaking them down into raw materials and will produce finished consumer products including commercial and residential flooring, artificial fields, playgrounds, landscaping materials and rubberised asphalt.(PRA)