Camso, a US manufacturer and distributor of off-road tyres, wheels, rubber tracks and undercarriage systems to serve the material handling, construction, agricultural and powersports industries has recently inaugurated its new manufacturing facility in Peosta, Iowa. During the opening, guests toured…
Category: Investments
China’s General Science opts for Thailand for tyre plant
Chinese tyre maker Jiangsu General Science Technology Co. Ltd. is looking elsewhere for a plant in Southeast Asia and has decided to locate its planned US$300 million tyre plant in Thailand instead of Cambodia. The reason the firm said was that…
Sumitomo boosts investments in Brazil to accommodate rising demand for tyres
Sumitomo Rubber Industries, Ltd. has decided to make an additional investment in equipment and facilities for the production of truck and bus tyres at their Brazil factory. In addition to producing tyres for passenger cars and light trucks, the group’s…
Birla expands carbon black production in Spain
Birla Carbon Spain, a key business of the US$44.3 billion India-headquartered Aditya Birla Group, have announced an investment of EUR5 million towards sustainability and energy efficiency projects. As a manufacturer and supplier of carbon black, Birla Carbon has seen an…
Linglong to build US$1 bn tyre plant in Serbia
Chinese company Shandong Linglong said on Monday it plans to invest around US$1 billion in the construction of a tyre factory in Serbia’s Zrenjanin Free Trade Zone. The construction of the factory is planned to officially start in April 2019 and will be carried…
Magna Tyres Group expanding OTR tyre production at the Hardenberg (NL) plant
As an industry leader, and currently the fastest growing OTR company in the world, Magna Tyres Group is committed to delivering the premium quality and guaranteeing the product availability demanded by its ever-growing customer base. Earlier this year Magna Tyres…
Vibracoustic invests EUR4 mn in expansion of Polish plant
Vibracoustic, a provider of vibration control solutions for the automotive industry, is expanding its Polish plant Sroda Slaska I with an investment of around EUR4 million. With this, the company says it seeks to expand its leading market position and…
Bridgestone investing EUR160 mn in Polish tyre plant
Bridgestone, the world’s largest tyre manufacturer, plans to invest around EUR 164.24 million in its plant in Pozna?, Western Poland, by 2022, to boost its capacity by 30%, the company said recently. The planned investments include the purchase of modern…
Arlanxeo investing in rubber sites in Brazil and France
Netherlands-headquartered synthetic rubber firm Arlanxeo says it is strengthening its position as the world’s leading manufacturer of synthetic rubber with an investment in EUR mid double-digit million to modernise its production sites in Triunfo, Brazil and La Wantzenau, France. In…
Ford sets up self-drive subsidiary; investment of US$4 bn
US automotive company Ford Motor Company has created Ford Autonomous Vehicles LLC, a new organisation charged with accelerating its self-driving business. It will include Ford’s self-driving systems integration, autonomous vehicle research and advanced engineering, AV transportation-as-a-service network development, user experience,…