China’s Guizhou Tyre is planning to invest US$228 million to build a new factory in Vietnam. The tyre maker plans to set up the new automated production factory near its plants in T?nh Ti?n Giang, it said recently. The plant…
Tag: tyres
Firemax to pump in US$190 mn in tyre facility in Cambodia
Chinese tyre maker Shouguang Firemax intends to invest in a new production facility in Cambodia, according to a filing with Chinese tax authorities. The company expects to invest US$190 million in the tyre facility with an expected capacity of 8…
Nokian ties up with Enviro/Antin for sustainable rCB
Tyre maker Nokian Tyres says it has made a long-term purchase agreement with a tyre recycling joint venture, namely Antin Infrastructure Partners and Scandinavian Enviro Systems, for sustainable material. The agreement will help Nokian Tyres reach one of its key sustainability…
Lanxess completes expansion of tyre release agents unit in India
With the expansion of the Rhenodiv production plant in Jhagadia, Gujarat, speciality chemicals firm Lanxess’ Rhein Chemie business unit has significantly increased its production capabilities. The move will help the firm to meet the growing demand of India and the…
Continental invests EUR13 mn in Sri Lankan facility; inaugurates automated warehouse in Czechia
Germany’s Continental says it is expanding the global manufacturing footprint of its specialty tyres business area in Sri Lanka. By further enhancing local pre-production capacities, its Kalatura plant in future may produce material handling tyres self-sufficiently. This ensures an optimised…
China’s ZC Rubber to expand to Indonesia; Mexico (updated)
Chinese tyre manufacturer, headquartered in Hangzhou, Zhongce Rubber Group Co. (ZC Rubber) says it is expanding its global presence with the set-up of a factory in Semarang, Indonesia. The new facility, located in Semarang and covering 500,000 sq m, is…
Pyrum to expand capacity with 2nd plant in Saarland
End-of-life-tyre recycler Pyrum Innovations has this year set up a wholly owned subsidiary Pyrum GreenFactory II to operate the second Pyrum plant in Saarland, as announced last year. It had at that time stated that the plant would be in…
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…
Shenma to cater to nylon cord for tyres with facility in Thailand
China’s Shenma Industry, with its core business in nylon cord for tyres, is to invest around US$35 million to build a yarn factory in Thailand to side-step international trade barriers and better meet demand from overseas tyre suppliers, it says.…
Toyo Tires unveils concept tyre containing 90% sustainable materials
Japan’s Toyo Tires says it has developed a concept tyre using 90% sustainable materials, as a step forward towards a more viable future mobility. Until now, the highest ever usage rate of sustainable materials in one of its tyres was…