Hankook Tire’s plant located in Chongqing Municipality Liangjiang District Yuzui industrial park has been officially put into operation after several months of trial production. The US$954 million-worth plant, covering an area of 796 acres, will be producing tyres for passenger…
Category: Investments
Conti’s Greenfield site to be completed by year end
CONTINENTAL Tire the Americas, LLC marks a milestone in the construction of its Greenfield site in Sumter, South Carolina, as the last steel beam of the basic structure was secured in the one million square foot production facility, which Craig…
Yokohama hoists tyre output in Russia
YOKOHAMA Rubber Co., Ltd., announced that the company will is increasing the annual production capacity of its Russian production and distribution subsidiary Yokohama R.P.Z. from current 1.4 million to 1.6 million tyres. With an investment of JPY500 million, the capacity…
Sumitomo sees tyre output increase by 5%
SUMITOMO Rubber Industries, Japan’s second-biggest tyre maker expects group production to rise by about 5% to 102.17 million tyires, or 554,000 metric tonnes of rubber equivalent in 2013. This would be its fourth annual increase in production as overseas shipments…
Yokohama to boost capacity in Philippine, Russia plants
YOKOHAMA Rubber Co. is boosting capacity of its passenger car tyres in its Philippines and Russia plants. The plant, which opened in 1996, has capacity for tyres up to 18 inches rim diameter, and this expansion will add capacity for…
Titan International makes open offer for Wheels of India
TITAN International Inc.’s Titan Europe subsidiary, which owns an estimated 37% stake in Wheels of India, is offering to buy out the remaining outstanding non-family-owned shares equal to 14% of the company. Titan’s offer to acquire the fully paid up…
Pirelli opens second production line in Russia plant
ITALIAN tyre maker Pirelli SpA has launched its second production unit at the Voronezh plant – a joint venture with Russian Technologies. The Voronezh 2, which will run test tyres until March, is expected to roll out 2 million tyres…
SI Group unit in China nearing completion
US-headquartered SI GROUP shall have its second facility in China completed by May. The chemical manufacturers’ new plant, based in the Nanjing Chemical Industry Park is expected to further reinforce the company’s commitment to the Asia Pacific region. Meanwhile, the…
Zeon Chemicals hikes HyTemp capacity
ZEON Chemicals L.P. is expanding the production capacity of HyTemp by 50% at its Louisville, Kentucky, manufacturing facility, to cater to the increasing global demand for acrylic elastomers. The increase is expected to be achieved by July. “The push for…
Trelleborg expands to Europe with new acquisition
TRELLEBORG, through its business area Trelleborg Wheel Systems, has completed acquisition of Dutch firm Industriebanden Beheer’s industrial tyre business. The Ridderkerk-based unit specialises in the distribution and service of industrial tyres, such as those fitted on forklift trucks, and serves…