Italian tyre maker Pirelli says it has put on hold plans to invest further in the US due to tensions pertaining from its ownership by Chinese state-owned group Sinochem, which is its largest investor. Sinochem has a 37% stake in…
Category: Investments
Mesnac to invest in plant in Mexico
Chinese rubber machinery maker Mesnac has announced an initial investment of US$20 million to establish a new production plant in León, Guanajuato, Mexico. This strategic move seeks to consolidate its presence in North America, a key market for the rubber…
Epsilon invests in tyre recycling plant in Karnataka; launches new product line
Indian carbon black producer Epsilon Carbon Private Ltd. (ECPL) has commissioned an integrated carbon black manufacturing complex located in Bellary, Karnataka, southern India and also announced the launch of Terrablack, a product line that aims to shape the carbon black sector with sustainability at its core. Epsilon…
Kolon Industries invests US$20 mn to expand output at Vietnamese tyre cord facility
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…
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 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…
China’s Guizhou Tyre breaks ground on US$230 mn project in Vietnam
Chinese tyre producer Guizhou Tyre, under its Advance Tyre (Vietnam) Co Ltd subsidiary, under has broken ground on its US$230 million tyre expansion project in Vietnam’s Mekong Delta province of Tien Giang. The construction will be undertaken by engineering firm…
India’s Ceat to acquire Camso brand from Michelin for US$225 mn
Tyre maker Ceat, a part of RPG Group, has announced that it has entered into a definitive agreement with French tyre maker Michelin to acquire its Camso brand’s off-the-road-highway tyres (OTR) and tracking business for US$225 million. The acquisition will give Ceat…