DRC and Dplus are the main brands of DRC tire factory, which is the Largest and Best tire factory in Vietnam
DRC Tire is a significant player in the tire industry, with six production facilities in Vietnam and a diverse range of products that cater to different needs. The company produces six main types of tires, including truck bus radial tires, agricultural tires, off-the-road tires, bias tires, motorcycle tires, and bicycle tires. With a production capacity of over 2 million tires in 2021, DRC Tire has experienced significant growth rates of over 20% per year for more than 20 years.
One of the most notable factors that have contributed to DRC Tire’s success is the cooperation and support from officers, communities, government officials, and members of King Tire Vietnam. This collaboration has been vital for the company’s growth and development over the years.
DRC Tire’s revenue figures for each product line indicate that its radial truck tire is the highest revenue generator, followed by bias truck tire, OTR tire, agricultural tire, bicycle tire, and motorcycle tire. It is also impressive to see that the company has been able to increase its production capacity significantly, from 1.2 million tires per year to over 2 million tires in 2021.
Furthermore, DRC Tire’s distribution network is extensive, with availability in over 30 countries. This suggests that the company has successfully expanded its reach and penetrated new markets.
Overall, DRC Tire is a well-established and successful company that has been able to grow and diversify its product portfolio over the years. Its success is due to a combination of factors, including quality products, strategic partnerships, and a strong distribution network.