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…
Tag: tyre plant
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…
Yokohama adds on high-load capacity tyres; shifts to renewable energy at Mishima tyre plant
Yokohama Rubber Co. says that it has begun production and sales of HLC (high load capacity) tyres to meet the needs of heavy duty passenger cars such as EVs and hybrid cars with high capacity batteries, as well as large…
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…
Toyo Tire constructs new tyre plant in Serbia
Japanese Toyo Tire Corporation – through its manufacturing subsidiary Toyo Tire Serbia-Belgrade – has commenced the construction of a US$465 million passenger vehicle tyre plant in Indjija City, the Republic of Serbia. The 300,000sqm plant will have a capacity of…
Sri Lanka’s Rigid Tyre Corp. to build US$75 mn tyre plant with Marangoni tech
Rigid Tyre Corporation (Pvt.) Ltd., backed by a Rs11.25 billion (approximately US$75 million) investment from UAE-based Sri Lankan businessman Nandana Lokuwithana, is building a new tyre plant in the Board of Investments (BOI) Industrial Zone in Wagawatta, Horana in Sri…