South Korea’s Kolon Industries is investing around US$20 million in its tyre cord factory in Vietnam to increase its production capacity by around 60% at the existing plant. The new facility, scheduled to begin operation in January 2027, will increase…
Category: Industry News
Sailun invests US$93 mn in Cambodian expansion
Sailun Tire Cambodia has invested US$93.5 million to expand its operations at its tyre factory situated in the Qilu Special Economic Zone in Svay Rieng Province, Cambodia. It supplies both domestic and international markets while using local rubber to support Cambodia’s…
Michelin to acquire fully Indonesian tyre maker Multistrada
French tyre maker Michelin has announced a tender offer for public shares in Indonesian tyre producer Multistrada Arah Sarana (MASA) as part of the company’s plan to delist and transition to a private entity. The move follows approval from the…
Goodyear/TNO demonstrate vehicle integration to mitigate crashes
Goodyear Tire & Rubber Company, in collaboration with TNO, has announced a significant advancement to vehicle safety systems. The integration of tyre intelligence technology into the automatic emergency braking (AEB) system of a vehicle has demonstrated the potential to mitigate…
Cabot back on track with Indonesian carbon black expansion
US carbon black maker Cabot says it has restarted its previously suspended carbon black plant expansion in Cilegon, Indonesia, targeting completion by mid-2025 as the company seeks to capitalise on Southeast Asia’s growing market demand. The company will add 80…
Ecolomondo adds on milling line for rCB
Canadian tyre recycler Ecolomondo Corporation says it has installed a new milling line and expects to begin commissioning in February 2025. As previously announced, the company was in the final stages of the commercialisation of its Hawkesbury TDP facility when it…
Michelin to make more green tyres in Shenyang
With the expected demand from China’s electric vehicle sector and green transformation, French tyre maker Michelin Group says it will continue to expand its manufacturing facilities and produce more tyres by recycling materials in the country. Upbeat about the Chinese…
Goodyear to shift Danville plant focus to aviation tyres
US-based tyre maker Goodyear says it is shifting production at its Danville plant from commercial to aviation tyres as part of a global transformation plan, which follows the sale of its Dunlop brand to Sumitomo Rubber Industries. The company announced…
Goodyear sells Dunlop brand to Sumitomo Rubber for US$700 mn
Goodyear Tire & Rubber Company has announced that it has signed a definitive agreement to sell the Dunlop brand, comprising trademarks and intangible assets necessary for operations of the brand business in Europe, North America and Oceania for consumer, commercial…
Wanli investing in US$500 mn tyre plant in Cambodia
Chinese tyre maker Wanli Tire Co. has become the latest in a string of investors in Cambodia. It is pumping in an investment of US$500 million to build Cambodia’s sixth tyre manufacturing facility, marking the latest Chinese investment in Southeast…