Orteck unveils growth plans; buys Metro Tire Wholesaler
Orteck International has expanded its domestic offerings of tires from China and India, and has acquired Metro Tire Wholesaler.
Over the next three to five years, the company plans substantial investments in molds and equipment in Orteck's plants in China & India. "This investment will enhance our product line to include ultra-high performance, performance, SUV and LT, medium truck, farm industrial and OTR tires," says Sonny Veen, executive vice president of purchasing. "Our product offerings will increase to over 200 SKU numbers by the end of 2006."
Orteck currently maintains affiliate offices in Beijing and Shanghai, China. In 2006, the company plans to open an assembly warehouse near the Tianjin Port that will manufacture wheel assemblies for trailers, ATV's, lawn and garden vehicles, and other types of tires.
Orteck recently acquired Metro Tire Wholesaler, which supplies tires in the South Atlantic region of the United States. "Our merger with Orteck will make us grow even faster and expand in the Maryland, D.C. and Virginia area," says Vernon Keuhene, vice president of Metro Tire.
As a result of the merger, Orteck will acquire an additional 50,000 square feet of warehouse space and two commercial truck centers.
Orteck also is teaming up with Provident Bank of Maryland and is working to acquire 20 retail stores within three years in the Washington, D.C., area. The first store, slated to open on Jan. 1, 2006, under the name Fast Lane Tire & Automotive, will be located on Rockville Pike in Rockville, Md., and will feature 14 service bays.
"We are very excited about our growth in the retail arena," says Ted Wielespki, Orteck's vice president of retail sales.
Orteck has been importing and distributing tires from China and India since the early 1990's.