Yokohama adding 100,000 tyre capacity to Mie plant
Yokohama has announced plans to add 100,000 tyres-worth of production capacity to its existing factory in Ise City, Mie Prefecture, Japan.
Yokohama has announced plans to add 100,000 tyres-worth of production capacity to its existing factory in Ise City, Mie Prefecture, Japan.
VMI is celebrating the opening of three new assembly halls at its manufacturing site in Leszno, Poland. This brings VMI’s total available floor space in Poland to almost 30,000 square meters. The expansion of the VMI operation, which is part of technology company TKH, follows a number of years of strong growth in VMI’s core tyre and pharmaceutical business.
Nokian Tyres is investing approximately US$174 million to double tyre capacity at its factory in the USA and to expand warehousing capabilities at the Dayton, Tennessee site. This project will lead to the creation of 75 new jobs at the Dayton facility this year, and the expansion will also enable Nokian to add light truck tyres to the plant’s product mix in 2023.
Founded in July 2019 by Steve Donnithorne, CL Tyres Ltd is a relative newcomer in the industrial tyre business. However, in this case, that youth belies the experience behind the business, something that another of the company’s director’s, Steve Pye, explained to Tyres & Accessories during the recent IMHX exhibition at the NEC in Birmingham at the start of September 2022.
Emerald Resilient Tyre Manufacturers Pvt Ltd has launched a new range of solid skid-steer tyres at the IMHX 2022 exhibition in association with the company’s UK distributor, World Wide Tyre Marketing (Fork Truck Tyres Ltd).
According to the company, Emerald is the largest Indian solid and pneumatic tyre manufacturing and exporting company and was proud to launch the new range, which is available both with and without apertures.
From a standing start less than a decade ago, GB Tyres is now aiming to be a key player in the UK wholesale business. When the company’s full-year financial results come in at the end of August, turnover will have reached £53 million. So, in other words, the business is trucking along nicely and making good progress towards its goals. Tyres & Accessories met up with Commercial Director Graham Hutchison and founder Sukhi Singh to visit the company’s Tipton headquarters and relatively new Oldbury wholesale warehouse.
At the end of July, Chinese tyre cord manufacturer Xingda announced that it is investing 1.6 billion yuan (£200 million; 232.432 million euros; $237 million) adding 200,000 tons of steel cord annual production capacity to its Thailand factory. The planned construction period is 24 months and the project has been officially approved by China’s National Development and Reform Commission.
ZC Rubber’s subsidiary in Xindeng Town, Fuyang District, Hangzhou City, is planning to add 2.5 million all-steel radial tyres to its production capacity. ZC Rubber stated that the company plans to build a new production workshop and auxiliary facilities shared by the Xindeng Town plant in the reserved space inside the factory. The total construction investment is expected to be 700 million yuan (about £85.14 million, 102 million euros).
Eden Tyres & Servicing’s Oakham branch is set to open during August. Located on Tungsten Park’s Panniers Way, this will be company’s 20th retail site and its first venture into Rutland.
Guizhou Tyre (also known as Advance Tyre) is preparing to launch an industrial tyre manufacturing expansion project with an annual output of 300,000 a year. The total investment in this project is about 24 million yuan (£2.926 million; 3.486 million euros; US$3.588 million). The expansion project does not involve the acquisition of new land.
Sentury is in the process of declaring its Spanish factory plans as a strategic industrial project with the government of Garcia, Spain. The tyre maker hopes that its plant in the As Pontes region of Garcia will be able to use this method to obtain fast-track approvals to speed up the entire project’s construction.
On 24 June 2022 Sailun decided to invest 15.18 billion yuan in building a new tyre factory in Dongjiakou, West Coast New District, Qingdao City, Shandong Province. The planned annual production capacity is 20 million sets of semi-steel radial tyres, 10 million sets of all-steel radial tyres and 150,000 tons of OTR tyres. At present, the Sailun board of directors has passed this investment proposal.
B-Quik Otomotif Indonesia has opened roughly a branch a month in Indonesia for the last four months.
Halfords Group has reported strong full-year 2022 revenue growth of +19.9 per cent compared with 2020. That means total group revenues amounted to £1.369 billion in 2022, of which £368 million came from the autocentres business – an increase of 91.9 per cent compared with 2020. Group gross margin totalled £721.7 million, of which £211.0 million came from Autocentres. Much of the Autocentres-driven growth comes via the acquisitions of Iversons and the Axle Group/National Tyres last year, however life-for-like growth of 23.4 per cent shows that business continues on an organic upward trajectory as well. As a result, Halfords Autocentres gross margin is now growing six-times faster than the group’s wider retail business.
An ice cream van was parked in front of the door when Tyres & Accessories visited Direct Tyre Management’s (DTM) new Blackpool headquarters in mid-May. At the same time, staff were presented with sticks of rock, buckets and spades and were enjoying food together. The reason? The DTM team were celebrating the official opening of the company’s Blackpool HQ and executives were welcoming staff to the new location a few miles up the road from the previous offices in Skelmersdale. Beyond the team-building benefits of the celebrations, the relocation itself illustrates how DTM has developed from a niche player into a fast-growing digital fleet technology business. Tyres & Accessories met with chief technology officer Dominic Clark and sales manager Simon Makin in order to find out more.
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