Continental is expanding its tyre plant in Rayong, Thailand, by 3 million units per year, with a total investment of over EUR300 million. Supported by Thailand’s Board of Investment (BOI) under the Economic Recovery Scheme, this growth will add around…
Tag: tyre plant
Continental opens fourth expansion at China plant
Tyre firm Continental has celebrated the grand opening of the fourth expansion phase of its tyre plant in Hefei, China. With the extension of its solely tyre plant in the country Continental Tires will boost its annual production capacity to…
Continental tyre plants on energy saving drive
Thanks to 160 energy-saving projects, Continental Tires reduced its annual energy requirements by around 150 gigawatt hours in 2023. This was achieved, for example, through the increased use of renewable energies and thermal insulation. The firm adds that 150 gigawatt…
Kumho mulling tyre plant in Europe by 2027; launches EnnoV EV tyre
South Korean tyre maker Kumho Tire says it will invest around US$750 million in a tyre factory in Europe to meet growing demand from regional automakers. A European plant would also limit the impact of regional geopolitical tensions such as…
PIF, Pirelli to establish US$550 mn tyre plant in Saudi Arabia
The Public Investment Fund (PIF) and Italy’s Pirelli Tyre have officially tied up in an agreement to construct a tyre manufacturing facility in Saudi Arabia. PIF will have a 75% majority stake, with Pirelli holding the remaining 25% in the…
Bridgestone breaks ground on US$550 mn expansion of US plant
Japanese tyre maker’s US subsidiary Bridgestone Americas recently celebrated the expansion of its Warren County, Tennessee truck and bus radial (TBR) tyre plant located in Morrison with an official groundbreaking ceremony. The US$550 million investment will add 380 new jobs…
China’s Wanli to invest in tyre plant in Cambodia
With the recent announcement of the start-up by China’s General Tire of its Sihanoukville plant, now another Chinese tyre major, Wanli Tire Corporation, is looking at investing in Cambodia. Wanli Tire expressed the interest when a delegation of top officials…
Goodyear to cut capacity at German tyre plant
US tyre firm Goodyear Tire & Rubber says it will cut production capacity at its Fulda, Germany, tyre manufacturing facility by around 50% by year-end 2024. This move will result in approximately 550 job cuts. The company estimates that the…
Nexen considering US for next tyre plant
South Korea’s Nexen Tire is considering expanding to the US with plans to build its first tyre plant to expand its share of the North American market, according to local media sources. The company was said to be planning to…
Bridgestone breaks ground on US$60 mn expansion of tyre plant in Texas
Tyre maker Bridgestone’s US$60 million investment in Abilene, Texas, will support the rapid growth of retread tyre business. The expansion provides room for additional equipment and increases production capacity and days of operation up to seven days a week. The…