Having recently received an investment of US$30 million from the International Finance Corporation (IFC), Indian tyre maker JK Tyre and Industries Limited is on an expansion drive. It expects to invest part of this into the manufacturing capacity of its…
Category: Investments
Prometeon Tyre to invest EUR30 mn in Egyptian facility upgrade
Italian tyre maker Prometeon Tyre says that it will be investing around EUR30 million for technological upgrading of its facility in Alexandria to bring production up to 1.1 million tyres/year, while enhancing the quality procedures. Prometeon says the upgrading includes…
Pirelli invests EUR114 mn in expansion at Mexican plant
On the occasion of the tenth anniversary of the founding of the Silao factory in Mexica, tyre maker Pirelli has started a EUR114-million investment – already envisaged in the 2021-2022 | 2025 industrial plan. The construction – planned for the…
Epsilon Carbon to invest US$67 mn in capacity increase in Karnataka
Epsilon Carbon, India’s leading carbon black producer, has an installed capacity of 115,000 tonnes/year at its manufacturing unit at Vijayanagar, Karnataka. As a part of the company’s growth plans, Epsilon plans to expand the capacity of its Vijayanagar unit by…
Bridgestone invests US$60 mn to expand Texas retread tyre plant
Bridgestone Americas (Bridgestone) is pumping an investment of $60 million to expand its Bridgestone Bandag manufacturing plant in Abilene, Texas. The 50,000-sq-ft expansion of the Abilene plant is aimed at the growing demand for the company’s tread rubber products, driven by the rapid growth of its…
Goodyear Tire investing US$125 mn in Kansas facility
Tyre maker Goodyear Tire and Rubber Co. is to invest US$125 million and hire 40 new employees at its Topeka plant as part of modernising its Kansas facility, which has been in operation since 1945, according to Kansas state Governor…
Bridgestone invests further in Brazilian tyre plant
Bridgestone Brazil has announced an additional investment in its tyre production plant in Camaçari, in the state of Bahia, Brazil. Keeping up with the growing market demand for high-performance tyres, the company is investing more than R$270 million in the…
Lion to invest US$22 mn in EPDM expansion in US
Synthetic rubber manufacturer Lion Elastomers has invested US$22 million to construct a new multi-level production building housing two new finishing lines at its manufacturing facility in Ascension Parish. The expansion will increase production capacity at the plant, which supports the…
Hankook Tire to invest US$1.6 bn in US plant expansion
South Korean tyre maker Hankook Tire says that its board of directors has approved a US$1.6 billion investment to expand its Tennessee plant, located in Clarksville, Tenn. The investment includes the previously planned Phase 2 expansion that will double production capacity of Hankook’s passenger car and…
Bridgestone invests US$550 mn in TBR tyre plant expansion in US
Bridgestone Americas has announced a major expansion and modernisation of its Warren County, Tennessee Truck and Bus Radial (TBR) tyre plant located in Morrison. The US$550 million investment will add 380 new jobs and expand the plant’s existing footprint by 850,000 sq ft to support…