Japan’s largest trading house Marubeni Corporation has invested in Green Rubber Energy Company Limited (GRE), which is developing an end-of-life tyre (ELT) pyrolysis recycling business in Thailand. With almost 30 million tonnes of tyres discarded annually around the world, a…
Category: Investments
Bridgestone to invest in mining tyre plant in Japan
Japan’s Bridgestone Corporation says that it will invest ¥25 billion to upgrade equipment for certain facilities at the Kitakyushu Plant, which produces tyres for mining and construction vehicles. This upgrade will be completed by the end of 2027. This strategic…
Nova Motorsport to invest EUR20 mn in Portuguese tyre factory
UK-based motor tyres firm Nova Motorsport says it is in the final stages of a EUR20 million expansion project at its recently acquired Camac tyre factory in Palmeira, Portugal. The facility will enable Nova Motorsport to resume production of Avon…
Yokohama to set up new tyre plant in China
Japanese tyre maker Yokohama has announced it will build a new passenger car tyre plant in China, located in the Qiantang New District of Hangzhou City, Zhejiang Province. The new facility will have an initial production capacity of 9 million…
Tokai Carbon to invest EUR350 mn in carbon black sector
Japan’s Tokai Carbon says it is targeting a significant investment in its carbon black business, outlining a EUR353 million commitment over the next three years, until 2026. This strategic move is embedded within Tokai’s T-2026 mid-term management plan, reflecting a…
Continental invests in US$90 mn hose plant in Mexico
German technology company Continental has kicked off the year with the announcement of the construction of a new hydraulic hose plant for industrial purposes. The planned investment is of around US$90 million and is one of the biggest investments for…
Sumitomo Rubber invests in US AI analytics firm Viaduct
Sumitomo Rubber Industries (SRI) says that it has invested in US-based start-up Viaduct Inc, an AI-powered connected vehicle analytics company, to achieve total fleet management solutions. With a joint proof-of-concept with Viaduct having already started, it has further strengthened its…
Hankook to expand Hungarian plant with EUR540 mn investment
South Korean tyre maker Hankook Tire is investing almost EUR540 million to expand its plant in Rácalmás, located in Fejér County. It says it will be adding a truck/bus radial tyre production line to its European plant. This expansion proposal…
Pirelli opens R&D centre in Mexico
Italian tyre maker Pirelli recently inaugurated in Silao, Mexico, its first R&D centre in the country. This project has an investment of US$15 million, over a period of two years, and has an area of more than 6,000 sq m…
Toyoda Gosei invests in safe driving assist devices firm
Japan’s Toyoda Gosei Co has invested1 in start-up Pyrenee Inc, which is developing safe driving assistance devices to achieve safer mobility in society. Pyrenee Drive, developed by Pyrenee Inc., is a retrofit device that assists the cognitive aspect of safe…