Indian firm Harrisons Malayalam is planning to develop rubber plantations on 4,000-5,000 hectares of land in Ghana on a long-term lease basis. The R.P.-Sanjiv Goenka group-owned tea and plantations company is reportedly investing almost Rs 300 crore , about US$65…
Category: Investments
Bridgestone’s Shenyang plant to build a new manufacturing facility
Bridgestone Corporation’s subsidiary in China, Bridgestone (Shenyang) Tire Co., Ltd. (Shenyang Plant), will build a new manufacturing facility as part of its relocation project and is expected to be operational in 2014. The Shenyang Plant, currently located in Shenyang City…
Reliance Sibur builds butyl rubber plant in India
RELIANCE Sibur Elastomers Pvt Ltd, a joint venture between Mumbai-headquartered Reliance Industries Ltd and Russian gas processing and petrochemicals company Sibur has commenced construction of its butyl rubber plant in Jamnagar, which is expected to come on stream by 2015…
Production kicks off at Hankook’s Chongqing plant
Hankook Tire’s plant located in Chongqing Municipality Liangjiang District Yuzui industrial park has been officially put into operation after several months of trial production. The US$954 million-worth plant, covering an area of 796 acres, will be producing tyres for passenger…
Conti’s Greenfield site to be completed by year end
CONTINENTAL Tire the Americas, LLC marks a milestone in the construction of its Greenfield site in Sumter, South Carolina, as the last steel beam of the basic structure was secured in the one million square foot production facility, which Craig…
Yokohama hoists tyre output in Russia
YOKOHAMA Rubber Co., Ltd., announced that the company will is increasing the annual production capacity of its Russian production and distribution subsidiary Yokohama R.P.Z. from current 1.4 million to 1.6 million tyres. With an investment of JPY500 million, the capacity…
Sumitomo sees tyre output increase by 5%
SUMITOMO Rubber Industries, Japan’s second-biggest tyre maker expects group production to rise by about 5% to 102.17 million tyires, or 554,000 metric tonnes of rubber equivalent in 2013. This would be its fourth annual increase in production as overseas shipments…
Yokohama to boost capacity in Philippine, Russia plants
YOKOHAMA Rubber Co. is boosting capacity of its passenger car tyres in its Philippines and Russia plants. The plant, which opened in 1996, has capacity for tyres up to 18 inches rim diameter, and this expansion will add capacity for…
Titan International makes open offer for Wheels of India
TITAN International Inc.’s Titan Europe subsidiary, which owns an estimated 37% stake in Wheels of India, is offering to buy out the remaining outstanding non-family-owned shares equal to 14% of the company. Titan’s offer to acquire the fully paid up…
Pirelli opens second production line in Russia plant
ITALIAN tyre maker Pirelli SpA has launched its second production unit at the Voronezh plant – a joint venture with Russian Technologies. The Voronezh 2, which will run test tyres until March, is expected to roll out 2 million tyres…