Tag: investment

Three Bridgestone tyre plants in Europe to benefit from major investment

Three Bridgestone tyre plants in Europe to benefit from major investment

Monday 16th October 2017 | 0 Comments

Approximately 266 million euros are to be invested into three key Bridgestone production sites in Europe. In a statement covering its plans, Bridgestone Europe shares that funds will be directed towards expanding capacity at its Burgos facility in Spain and the Poznan and Stargard sites in Poland. The expansion projects will take places in phases over the coming five years, with all upgrades expected to be completed by early 2022.

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Nokian breaks ground on new North America factory

Nokian breaks ground on new North America factory

Thursday 21st September 2017 | 0 Comments

Nokian Tyres marked the beginning of building work on the company’s third factory on 20 September. The new greenfield site is located in Dayton (Rhea County), Tennessee, USA. Annual capacity will be 4 million tyres, with expansion potential in the future. The site will also house a distribution facility with a storage capacity of 600,000 tyres. Construction is scheduled to begin in early 2018 and the first tyres are to be produced in 2020.

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Battery performance monitoring firm charged up by The Nucleus

Battery performance monitoring firm charged up by The Nucleus

Wednesday 20th September 2017 | 0 Comments

A new online service called dox that aims to help businesses keep on top of their battery consumption, is entering a venture building programme called The Nucleus, supported by The UK Lebanon Tech Hub (UKLTH) a joint initiative from the UK government and Banque du Liban, Lebanon’s Central Bank. dox helps firms track their battery usage, and show when batteries about to fail or need to be replaced. Currently, dox is in the middle of a private beta, in which companies can join the program and test the product for themselves. The company anticipates expansion into other significant markets, such as the automotive and drone industries. With the continued emergence of electric vehicles and the rapidly increasing uses for drones, battery management systems with software for the numerous fleets likely to grow with the increased use of EVs, dox states that there will be a significant demand for battery management systems.

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MTS launches ‘major upgrade’ to TyreClick

Monday 4th September 2017 | 0 Comments

Micheldever Tyre Services (MTS) has launched what it terms “a major upgrade” to its TyreClick online retail site for independent customers. The company states that the upgrade represents one of the biggest and most significant investments in TyreClick since its launch in 2014, including a number of new design and user functionality features. The tyre wholesaler added that it would “never stop investing in its ambition to make TyreClick the best tyre selling site in the business” following the implementation of the new developments.

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BKT: Bhuj carbon black plant to ‘better ensure raw material qualities’

BKT: Bhuj carbon black plant to ‘better ensure raw material qualities’

Tuesday 22nd August 2017 | 0 Comments

Eight hectares have been set aside at the Balkrishna Industries Limited (BKT) production site in Bhuj, India for the construction of a new carbon black plant. Last month the tyre maker’s Board of Directors approved an initial investment of Rs 1.5 billion (£18.1 million) for this project to add backward integration to BKT’s supply chain, and the company says the plant will not only provide a constant supply of raw materials for its tyre production, the carbon black produced in Bhuj will enable it to “better ensure raw material qualities thanks to the now even more accurate controls at the beginning of the entire manufacturing process.”

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Bridgestone investing $304 million to expand plants in India

Wednesday 9th August 2017 | 0 Comments

A total of US$304.3 million has been earmarked for the expansion of two Bridgestone tyre factories in India. Over a period of five years, Bridgestone India Pvt. Ltd.’s Pune and Indore plants will be upgraded to accommodate the growth of India’s car parc. Production capacity at the two facilities is expected to rise by an estimated 15,000 tyres per day, giving a combined daily capacity of approximately 41,000 tyres by 2022.

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Balkrishna to build carbon black plant

Monday 7th August 2017 | 0 Comments

Balkrishna Industries, the firm behind BKT brand tyres, recently announced plans to build a 60,000 ton/year carbon black plant at its facility in Bhuj, Gujarat, India. No completion date was announced for the project that is estimated to cost roughly $23 million.

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Jiangsu General Technology establishes US tyremaking subsidiary

Monday 7th August 2017 | 0 Comments

Jiangsu General Technology Co., Ltd. is establishing a wholly-owned subsidiary in the Georgia, US, which is likely to be called General Rubber (North America) Limited.

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ZC Rubber installs artificial intelligence system

Thursday 27th July 2017 | 0 Comments

ZC Rubber has installed a smart factory project based on the ET industrial brain artificial-intelligence (AI) service system for manufacturing launched by Alibaba Cloud. The goal is to “greatly improve the production in the factories”, according to the company. The cooperation between ZC Rubber and Alibaba Cloud reportedly started at the end of 2016.

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Michelin unveils European Distribution Centre in Stoke-on-Trent

Friday 7th July 2017 | 0 Comments

Michelin Tyre has unveiled a new 53,500 square metre European Distribution Centre (EDC) at its UK headquarters in Stoke-on-Trent. The EDC came following £10 million of investment and has helped create 100 logistics and customer service jobs over the last 12 months. In addition, work has begun on an additional 12,000 square metre warehouse for Michelin’s truck retread factory, also on Campbell Road. This new project is due to be completed by the end of this year.

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Intermediate segment tyre production to benefit from Michelin investment in Romania

Thursday 6th July 2017 | 0 Comments

An investment of 33 million euros is planned for the Michelin factory in Zalău, Romania in order to equip it to produce commercial vehicle tyres for the intermediate segment of the market, including Tigar brand products. In a press release, Michelin shared that the investment will lead to 100 new jobs at the plant by 2021, increasing the facility’s workforce to more than 1,200. This latest investment follows Michelin’s decision to invest 60 million euros in its tyre cord facility in Zalău.

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Linglong Serbia plant talks continue

Linglong Serbia plant talks continue

Monday 3rd July 2017 | 0 Comments

On 23 June Serbian president Aleksandar Vučić’s inauguration ceremony was held in Belgrade. Wang Feng, chairman and president of Linglong Tire, was invited to attend the inauguration ceremony in a move that suggests communications relating to Linglong’s proposed investment in a European tyre manufacturing plant are still open.

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Kerr’s Tyres & Auto to invest £2 million creating 15 new jobs

Kerr’s Tyres & Auto to invest £2 million creating 15 new jobs

Tuesday 27th June 2017 | 0 Comments

Kerr’s Tyres & Auto, a family-run business first established in 2002, has announced plans to invest in its current premises throughout the province with plans to open a further two additional centres over the next two years. This means investing up to £2 million in the business, creating at least 15 new jobs and a new training facility designed to help with upskilling fitters.

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New Algerian tyre plant to feature Cimcorp logistics automation

New Algerian tyre plant to feature Cimcorp logistics automation

Tuesday 27th June 2017 | 0 Comments

Cimcorp has received an order to supply logistics automation facilities to a brand-new tyre plant in Algeria. The factory is a new venture for the Algerian consumer electronics and household appliances group, Saterex. With huge growth in sales of products marketed under its leading ‘Iris’ brand, Saterex is diversifying into tyre manufacture. The new plant is being built in Setif, 300 km east of Algiers, and will be the first tyre factory in Algeria since Michelin Group closed its plant in the capital in 2013.

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Scottish Enterprise investing £4.5 million in Michelin Dundee plant project

Scottish Enterprise investing £4.5 million in Michelin Dundee plant project

Thursday 22nd June 2017 | 0 Comments

Demand for larger tyre sizes continues to increase, and Michelin intends to better equip its Dundee factory for their production through a project being implemented at a total cost of £16.5 million. Scottish First Minister Nicola Sturgeon announced yesterday that Michelin’s own investment will be supported by a £4.5 million Environmental Protection Grant from Scottish Enterprise.

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