The holding company of Double Coin Tires and China Manufacturers Alliance, LLC (CMA) and Michelin have signed a joint venture to produce Warrior-brand passenger and light truck tires for sale for export to the U.S.
The joint venture is pending final approval by Chinese authorities and subject to further review, the companies said. Once approval has been given, Michelin will have a 40% equity stake while Double Coin Holdings will control the remainder of the company as well as the rights to the Warrior brand.
A $491 million plant is currently under construction in Wuwei County, Anhui province located at the Anhui Industrial Park, in China.
“CMA recognizes this strategic partnership as the first step in the marketing of passenger & light truck tires from Double Coin Holdings into North America,” said Aaron Murphy, vice president of CMA. “CMA is excited about the opportunity to market products from the joint venture, and anticipates the same level of interest from our customers as another high quality product is offered by Double Coin.”
CMA manufacturers and markets tires for Double Coin Holdings, including the Warrior brand. The joint venture is part of Double Coin’s plans to enter the North American consumer tire market in the future, it said.
