China’s Aeolus Tyre has revealed plans to invest almost US$400 million to build a plant in Egypt, to expand its overseas market presence. To be sited in Alexandria, the new plant will have a capacity of 1.5 million truck/bus tyres/year…
Category: Investments
Apollo Tyres outlines investment/expansion plans in India/Europe
Indian tyre maker Apollo Tyres says it is investing ?3,500 crore in Capex, with ?3,000 crore dedicated to the Indian market and ?500 crore for European operations in FY2027. The plan prioritises growth and capacity expansion (80% of total outlay)…
Apollo Tyres to invest in expansion in India for passenger/commercial tyres
India’s Apollo Tyres has said it will invest Rs5,810 crore to expand capacity at its manufacturing facility in Andhra Pradesh to meet rising demand across passenger and commercial vehicle tyre segments. The investment will be funded by a mix of internal accruals…
Lummus invests in InnoVent Renewables to advance tyre recycling technology
Process tech firm Lummus Technology has announced an investment in US-based recycler InnoVent Renewables to accelerate deployment of its proprietary tyre recycling technology. Terms were not disclosed. It is estimated that over 1 billion tyres end up in landfills every…
Triangle Tyre to invest in facility in Cambodia
Chinese tyre maker Triangle Tyre is investing around US$460 million to build its first overseas manufacturing base in Cambodia, a move aimed at optimising its international market layout. According to a statement released, the company plans to build production lines…
Continental negotiating with ASC on sale of French retail ops
Germany’s Continental says it has entered exclusive negotiations with ASC Investment regarding the sale of its French retail operations ContiTrade France. The intended transaction includes more than 130 company-owned BestDrive outlets, two retreading facilities, as well as the administrative functions supporting the…
Kumho to set up European plant in Poland; US$590 plus mn investment
Moving forward in its expansion plans, South Korea’s Kumho Tire says it will set up its first European manufacturing plant in Poland’s Opole region. It added the US$590 million factory is scheduled to begin initial operations in 2028, subject to…
Prometeon to invest US$400 mn in expansion of Egyptian tyre plant
China’s Prometeon Tyre Manufacturing, a subsidiary of China National Tyre and Rubber Co., Ltd., plans to invest US$400 million to expand its operations in Egypt, producing 1.5 million additional tyres and upgrading its existing factory. A meeting was recently held with…
ContiTech to expand US facility, invests US$85 mn
German firm Continental’s group sector ContiTech announced that it plans to invest more than US$85 million to expand its manufacturing operations in Mount Pleasant, Iowa. The plant expansion includes construction of a compounding centre that will integrate production, warehouse and…
Kobe Steel to invest in expansion at Indian tyre/rubber machinery plant
Japan’s Kobe Steel has announced that it has decided to invest in the expansion of a plant at Kobelco Industrial Machinery India (KIMI), a production base of the Kobe Steel Machinery Business division. The expansion is projected to be completed…