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You are here: Home1 / capacity increase

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BKT completes carbon black, power plant projects

Company News

Balkrishna Industries Ltd. has completed a project to increase carbon black capacity in Bhuj, India and set up a new power plant at the site. It says both the 55,000 tonnes per annum carbon black capacity project and the power plant project were concluded on 31 December 2022.

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Related news:

  1. BKT: Bhuj carbon black plant to ‘better ensure raw material qualities’
  2. Balkrishna to build carbon black plant
  3. Early 2016 opening for BKT R&D centre
  4. BKT preparing for 51-inch giant tyre production at $500 million plant
3rd January 2023/by Stephen

Bridgestone further expanding Bahia tyre plant

Company News, International News

Through its local subsidiary Bridgestone Do Brasil Industria e Comercio Ltda, Bridgestone Corporation is once again increasing production capacity at the Bahia passenger car and light truck tyre plant in Brazil. Earlier today, the company said it would invest approximately BRL 270 million (£45.4 million) in this project; when combined with the capacity investment announced in July 2021, total investment in boosting Bahia plant capacity amounts to approximately BRL 970 million (£163.2 million).

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Related news:

  1. Growing EV/hybrid tyre demand: Bridgestone investing in Brazil
  2. Capacity increase for 4 Bridgestone car tyre plants
  3. Bridgestone expanding motorcycle tyre capacity
  4. Caterpillar ‘Platinum’ certification for 4 Bridgestone tyre plants
6th September 2022/by Stephen

USA: Bridgestone investing $550 million in TBR production

Company News, International News

Bridgestone Americas will spend US$550 million over the coming two years on the expansion and modernisation of its Warren County truck and bus radial tyre plant in the US state of Tennessee. The project will add 380 jobs to the Warren County workforce and expand the plant’s existing footprint by 850,000 square feet (around 79,000 square metres).

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Related news:

  1. Bridgestone Americas expands leadership roles
  2. Bridgestone boosts fleet portfolio with Azuga acquisition
  3. Bridgestone invests in tyre sensor & data company Tyrata
  4. Bridgestone invests in autonomous driving tech firm May Mobility
26th August 2022/by Stephen

Apollo Tyres: Tech-driven capacity growth

Company News

Capacities at Apollo Tyres Ltd.’s production facilities in Europe were 88 per cent utilised between March and June 2022. The utilisation figure for the tyre maker’s plants in India was around 85 per cent, reports chief financial officer Gaurav Kumar. This gives the company little leeway for further growth in volumes, but Apollo Tyres believes it can address this issue without resorting to a greenfield or brownfield capacity expansion project.

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Related news:

  1. Apollo Tyres opens €475 million greenfield Hungarian plant
  2. Cutting ‘bad’ costs, working smarter – Apollo MD Neeraj Kanwar answers T&A’s questions
  3. Vredestein: Made in India, for India
  4. Apollo Tyres partners with Indian cricketing great
24th August 2022/by Stephen

BKT looking to further increase capacity

Company News, International News

With capacity expansion projects now completed and being ramped up, BKT anticipates achieving a total capacity of 360,000 tonnes per annum by the end of March 2023. But further growth is necessary if the company is to keep pace with demand for its off-highway tyres. During a conference call with investors on 5 August, the tyre maker confirmed that plans are already “on the drawing board” for additional expansion beyond the current projects.

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Related news:

  1. $171m investment: Capacity at Yokohama OHT’s new plant to double
  2. Capacity expansion: TVS Srichakra signs MoU
  3. BKT: Bhuj carbon black plant to ‘better ensure raw material qualities’
  4. Off-highway capacity to double: Ceat curtails TBR expansion
9th August 2022/by Stephen

Bridgestone expanding motorcycle tyre capacity

Company News, International News

Bridgestone Corporation is investing to increase production capacity for motorcycle tyres at its Nasu plant in Japan, its sole motorcycle tyre production facility worldwide. The tyre maker will invest approximately 1.7 billion yen (£10.4 million) to gradually expand output potential from 2026, with capacity rising by approximately 90,000 units.

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Related news:

  1. Capacity increase for 4 Bridgestone car tyre plants
  2. Growing EV/hybrid tyre demand: Bridgestone investing in Brazil
  3. Bridgestone limbering up for Tokyo 2020
  4. Bridgestone delisting from Nagoya Stock Exchange
8th August 2022/by Stephen

Prinx Chengshan: Profit down 24.7% despite higher revenue in 2021

Company News

The difficulties that tyre makers are facing at present were reflected in Prinx Chengshan Holdings Limited’s financial results for 2021. Although company revenue increased 20 per cent year-on-year, a “significant increase in raw material prices and ocean freight rates” dragged gross profit down by approximately 24.7 per cent.

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Related news:

  1. Prinx Chengshan appoints marketing & communications manager for Europe
  2. Prinx Chengshan to launch “Prinx” brand in Europe by the end of 2017
  3. Prinx Chengshan: Increased profits despite corona
  4. Prinx Chengshan appoints Costache European sales director
4th April 2022/by Stephen

Nokian Tyres cuts 2021 dividend as European capacity ramps up

Company News

The war in Ukraine has brought “high uncertainty” to Nokian Tyres’ operational environment and manufacturing capacity, and as a result it is accelerating plans to invest in new production capacity in Europe. To help fund this capacity, the Board of Directors at Nokian tyres has decided to decrease the dividend payable for the 2021 financial year.

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Related news:

  1. Nokian tyres implements Ukraine contingency plans, donates to UNICEF
  2. Nokian Tyres staying in Russia
  3. Nokian and Matador To Commence Contract Manufacturing
  4. Nokian Reports “Satisfactory Results” for 2009
31st March 2022/by Stephen

Capacity increase for 4 Bridgestone car tyre plants

Company News, International News

Bridgestone Corporation is expanding production capacity at four of its passenger car tyre plants in Japan. With an investment of approximately 8.2 billion yen (£52.8 million), capacity at the Tochigi, Hikone, Hofu and Tosu facilities will increase by approximately 6,200 tyres per day by the end of 2025, an amount that equals more than ten per cent of current capacity.

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Related news:

  1. Growing EV/hybrid tyre demand: Bridgestone investing in Brazil
  2. Update: Bridgestone to boost radial aircraft tyre capacity
  3. New warehouse, increased capacity at Bridgestone’s Hungary tyre plant
  4. Bridgestone closing 3 Diversified Products plants
3rd February 2022/by Stephen

Nokian moving to 24/7 production in Finland

Company News, International News

Round the clock, seven days a week production will soon be reality at the Nokian Tyres plant in Nokia, Finland. The tyre maker says the change to this format should “significantly” increase production capacity for passenger car tyres. Nokian is creating approximately 80 new jobs at the factory to accommodate this higher capacity.

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Related news:

  1. Nokian Heavy Tyres lifting production capacity by 50%
  2. Nokian Tyres ramping up car tyre capacity in Finland
  3. Safety award for Nokian Heavy Tyres
  4. Nokian and Matador To Commence Contract Manufacturing
18th November 2021/by Stephen

NDI expanding rim plant to meet growing global demand

Company News, International News

In response to increased global demand from the farming sector for customised rim solutions, NDI Group is increasing capacity at its rim factory in Brørup, Denmark. It is doing so through an expansion of its production facility, and describes the work carried out as a “first step”. NDI anticipates completing the expansion in early 2022.

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Related news:

  1. NDI seeks new partners for a greater presence in Germany
  2. GRI plant expansion “progressing well” despite lockdown
  3. $171m investment: Capacity at Yokohama OHT’s new plant to double
  4. Nokian moving to 24/7 production in Finland
29th October 2021/by Stephen

$171m investment: Capacity at Yokohama OHT’s new plant to double

Company News, International News

With an additional investment of US$171 million, Yokohama Rubber Co., Ltd. intends to more than double the production capacity for off-highway tyres at its Visakhapatnam plant in India. The new plant is scheduled to begin operations in the first quarter of 2023 with a planned daily production capacity of 55 tonnes; this extra investment will lift daily capacity to 123 tonnes during a second project stage, which is scheduled to start in the first quarter of 2024.

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Related news:

  1. Yokohama rebrands ATG business
  2. Alliance Tire Group introduces 10 year warranty on certain agricultural tyres
  3. Tyre production on the rise at ATG’s third factory
  4. Yokohama Off-Highway Tires EMEA raises prices
11th August 2021/by Stephen

Growing EV/hybrid tyre demand: Bridgestone investing in Brazil

International News

In order to meet increasing local demand for high-tech and premium tyres and in response to national and regional market share gains, Bridgestone is investing in its manufacturing facility in Camaçari, Brazil. The more than R$700 million (£101.7 million) investment will go towards modernising the plant and increasing production capacity by more than 20 per cent. The project will begin by the fourth quarter of 2021.

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Related news:

  1. New Bridgestone Brazil president to oversee growth projects
  2. New warehouse, increased capacity at Bridgestone’s Hungary tyre plant
  3. Caterpillar ‘Platinum’ certification for 4 Bridgestone tyre plants
  4. USA capacity increase complements doubling of Kumho’s Vietnam output
1st July 2021/by Stephen

GRI plant expansion “progressing well” despite lockdown

Company News, International News

GRI Tires reports that the second phase expansion of its new production facility, which began in January 2021, is progressing well despite the challenges posed by the current lockdown in Sri Lanka. It is building the new and advanced specialty tyre manufacturing plant next to the current facility with a total investment of US$100 million.

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Related news:

  1. Responsible corporates need to give back: GRI aids Sri Lanka during pandemic
  2. GRI breaks ground on second tyre plant
  3. GRI ‘privileged’ to continue pivotal role in food supply chain
  4. GRI breaks ground on phase 2 of $100 million speciality tyre plant
22nd June 2021/by Stephen

USA capacity increase complements doubling of Kumho’s Vietnam output

International News

Kumho Tire has shared further details of the planned production capacity increase at its facility in Vietnam, as well as news of an associated project in the USA. The tyre maker says the US$305 million investment will double capacity at the Binh Duong Province site by 2023. This means that annual output should reach at least 9.3 million tyres per annum by that time. As previously stated, the project will commence in the third quarter of this year and run until the early part of 2023.

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Related news:

  1. Kumho continues Lakers basketball sponsorship
  2. Kumho supplies new Dodge Viper ACR with bespoke Ecsta V720 UHP tyre
  3. Kumho’s US plant nearing completion
  4. Kumho Tire lands third set of design awards in as many months
20th April 2021/by Stephen
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