Chinese tyre manufacturer Shandong Linglong Tire (Linglong) has decided to build its fifth tyre plant at Changchun Automobile Economic & Technological Development Zonein Jilin province, which houses a range of automakers including FAW-Volkswagen and FAW Jiefang. Linglong plans to invest…
Category: Investments
Warburg Pincus to invest approx. US$150 million in Apollo Tyres
New York-based Warburg Pincus is investing in “compulsorily convertible preference shares” issued by India’s Apollo Tyres. Compulsorily convertible preference shares are defined as shares that the purchaser plans to convert into ordinary shares after a predetermined date; converting preference shares…
Continental building new Texas plant for advanced driver assistance systems
German automotive manufacturing giant Continental is building a $110 million plant to manufacture advanced driver assistance systems (ADAS) in New Braunfels, Texas, US.The 215,000-sq-ft facility will significantly expand production and research capabilities for vehicle safety functions in vehicles, which has…
Iranian tyre manufacturer preps for wet trial runs at new production plant
Artawheel Tire (Artawheel), a tyre manufacturer based in Ardebil State, Iran, has recently opened a US$ 288.5 million truck tyre production plant at its existing facilities in the northwestern city. The facility, inaugurated by the Iranian president Hassan Rowhani, employs…
US offers olive branch to China in trade deal truce
In what can be considered as a sweetener to the long running duel between the US and China, US President Donald Trump recently signed the first stage of a US-China agreement said to be a truce. The preliminary deal, which…
Evonik opens silicone facility in Germany
Following its double-digit million euro investment and after less than 18 months of construction, German materials company Evonik has officially opened its new multi-purpose silicones manufacturing facility in Geesthacht, Germany. Located in Northern Germany, 30 km outside the port…
Chinese rubber track manufacturer to build first plant in the US
Global Track Manufacturing (Global Track) will invest at least US$2.5 million in a production plant in Milan, Tennessee, touted to bring at least 250 jobs to the area by 2021, according to the Tennessee Department of Economic and Community Development…
Guizhou Tyre to raise production with new plants in China, Vietnam
China-based tyre manufacturer Guizhou Tyre recently broke ground on two new production plants near the company’s headquarters in Guizhou, Guiyang Province. Once constructed and fully operational, the US$307 million plant is expected to generate nearly US$426 million annually from its…
Arlanxeo invests in CR and NBR globally
Synthetic elastomers company Arlanxeo is strengthening its market position by investing in its high-performance elastomer products CR (chloroprene rubber) and NBR (nitrile butadiene rubber), laying the foundation for the further increase of production capacity in order to meet the increasing…
China’s General Science to start trial run at Thai tyre plant
China-based company Jiangsu General Science Technology will trial its US$300 million tyre production plant in December 2019 in Rayong Industrial Zone, Thailand, which is currently the world’s largest rubber producer. The plant is to produce 1 million truck/bus tyres and…