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You are here: Home1 / factory closure

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Pirelli ‘maintaining’ UK tyre manufacturing after Burton MIRS line closure reports

Company News, UK News
Google; CNES; Airbus; Getmapping plc; Infoterra Ltd & Bluesky; Maxar Technologies

Pirelli has reaffirmed its commitment to “maintaining industrial operations” at both its Carlisle and Burton-on-Trent UK factories after unions suggested the company was about to close its MIRS robotic production line in Burton. According to Unite, which represents all 280 members of the Burton tyre factory workforce, Pirelli has proposed cutting 80 jobs. In a statement published on 11 February 2021, Unite criticised Pirelli for “not taking up the furlough scheme for these workers, instead of pushing ahead with the redundancies.”

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Related news:

  1. Pirelli supports apprenticeship charter
  2. Michelin Dundee closure: Scotland’s Economy Secretary convening action group
  3. Axing for the sake of axing: Unions denounce closure of profitable Continental tyre plant
  4. Toyo closes loss-making Silverstone tyre plant in Malaysia
17th February 2021/by Chris

Toyo closes loss-making Silverstone tyre plant in Malaysia

Company News, International News
Silverstone

Toyo Tire Corporation is closing its loss-making wholly-owned Silverstone Berhad Malaysian tyre manufacturing subsidiary in June 2021. Established on 12 July 1986 and purchased by Toyo in 2011, Silverstone currently manufactures tyres for (primarily Malaysian) new vehicles and Silverstone branded tyres for the aftermarket as well as certain Toyo branded tyres. The dissolution of the Silverstone subsidiary (Silverstone Berhad) will commence by 31 December 2021.

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Related news:

  1. Toyo’s Shandong Silverstone acquisition finalised
  2. Toyo announces plans for new Malaysian tyre plant
  3. Michelin: Acquiring Multistrada will help meet growing tier 2 tyre demand
  4. Michelin now 99.64% owner of Multistrada
15th February 2021/by Chris

Plant closure could be “tip of iceberg” for new car supply issues – VRA

UK News
Geograph.co.uk

The latest temporary closure of Honda’s Swindon plant because of parts shortages could be the “tip of the iceberg” for new car supply issues in 2021, the Vehicle Remarketing Association is warning. Chair Philip Nothard said that the problem, believed to be caused by poor availability of semiconductors, was potentially a sign of things to come from all manufacturers.

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Related news:

  1. Honda pauses production at Swindon – again
  2. Honda closes Swindon car factory
  3. Brexit OE tyre red-alert
  4. Port problems cause Honda Swindon shutdown, pressurise UK tyre supply
19th January 2021/by Peter Gardner

Honda pauses production at Swindon – again

UK News
Geograph.co.uk

Honda will next week pause car production at its factory in Swindon; the third time it has done so in a little over a month. The Japanese car manufacturer said in a statement that output would be paused from Monday to Thursday next week, the longest such pause so far. It said that global supply disruption as a result of the coronavirus pandemic was responsible for the pause.

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Related news:

  1. Honda closes Swindon car factory
  2. Apollo Vredestein ‘scaling back’ European production
  3. Cooper Tire reopening US and Serbia tyre factories
  4. SMMT March numbers do not reflect extent of lockdown damage – KPMG
13th January 2021/by Peter Gardner

Bridgestone in talks with 2 tyremakers about Béthune factory sale

Company News, International News
Bridgestone

Bridgestone announced plans to close Béthune, France factory back in September 2020. Now, however, the location looks likely to retain a role in the broader automotive sector after the Japanese tyremaker reported that it has identified 24 opportunities relating to the future of the site. Two of the options relate the sale of the site to other tyre manufacturers. Five of the identified projects concern the installation of new activities on the site in tyre and rubber fields as well as batteries and other sectors. Two of the proposals relate to “the installation of activities outside the site”. Nine projects are said to be in the study phase.

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Related news:

  1. Bridgestone temporarily closes, slows tyre production at European factories
  2. French government willing to invest in Bridgestone Bethune rescue
  3. Bridgestone confirms Béthune plant closure
  4. Honda closes Swindon car factory
15th December 2020/by Chris

Aachen tyre plant: Continental blocking potential investors, says union

International News

Strong words from one of the unions representing workers at the Continental tyre factory in Aachen, Germany. Speaking with Munich-based newspaper Süddeutsche Zeitung, IG BCE trade union chairman Michael Vassiliadis stressed that the planned job cuts “will be expensive”. He also claimed that Continental has turned away potential investors.

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Related news:

  1. Continental to expand restructuring programme to save 1 billion euros by 2023
  2. Axing for the sake of axing: Unions denounce closure of profitable Continental tyre plant
  3. France: Michelin, unions agree on support programme for redundant employees
  4. Continental shares set to continue outperforming estimates in 2021 – analysts
9th December 2020/by Stephen

Continental shares set to continue outperforming estimates in 2021 – analysts

Company News, International News

Financial analysts have reiterated their “buy” rating on Continental AG shares, while also raising price target from 150 euros from 123 euros previously. In short, Continental AG is expected to continue outperforming consensus estimates. Writing in an investors note dated 18 November, Jefferies equity research said: “Tyre margins will return to an industry leading greater than 15 per cent in full-year 2021. Conti remains among the least liked stocks in the sector which provides positive surprise potential.”

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  1. Analysts highlight ‘difference in momentum’ between Continental and Michelin results
  2. Conti rated as ‘buy’ for ‘best cost base’ in the tyre business
  3. Conti looks back on ‘overwhelmingly positive’ year on the DAX
  4. Aachen tyre plant: Continental blocking potential investors, says union
18th November 2020/by Chris

Bridgestone confirms Béthune plant closure

Company News, International News

Bridgestone has confirmed its intention to close the Béthune tyre plant in France. The country’s Secretary of State for Economy and Finance, Agnès Pannier-Runacher, shared news about the decision yesterday. She tweeted that Bridgestone has “closed the door to continuing its activity in Béthune” and confirmed the plant’s closure. She added that the French government would work with employees to find a solution for everyone.

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Related news:

  1. French government willing to invest in Bridgestone Bethune rescue
  2. Bridgestone temporarily closes, slows tyre production at European factories
  3. Another retail acquisition for Bridgestone in France
  4. GM acknowledges quality at three Bridgestone plants
13th November 2020/by Stephen

Bridgestone closing South Africa agri tyre plant this month

International News

Following consultations with workers and unions, Bridgestone South Africa (BSAF) has finalised the process to close down its tyre manufacturing plant in Port Elizabeth, Eastern Cape. The plant’s last day of operation will be 15 November. Bridgestone announced its intention to close the facility in August.

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Related news:

  1. Bridgestone to close Port Elizabeth, South Africa bias agri tyre plant
  2. 10% Turnover Penalty Requested for South Africa Tyre Cartel Participants
  3. Bridgestone at Reifen Essen show 2016
  4. Bridgestone looking to increase capacity in South Africa
4th November 2020/by Stephen

French government willing to invest in Bridgestone Bethune rescue

Company News, International News
Bridgestone

The French government is willing to partner with Bridgestone to save to the Bethune tyre factory the Japanese tyre manufacturer is planning to close.

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Related news:

  1. Bridgestone confirms Béthune plant closure
  2. Bridgestone temporarily closes, slows tyre production at European factories
  3. Bridgestone buys yet another French tyre retailer
  4. France: Michelin, unions agree on support programme for redundant employees
19th October 2020/by Chris

Axing for the sake of axing: Unions denounce closure of profitable Continental tyre plant

Company News

The union representing employees at a closure-threatened Continental factory has responded angrily to the decision, accusing Continental of “sacrificing” a “profitable tyre plant” as part of its savings programme. The IG BCE union particularly doesn’t understand the logic behind this step as it claims the tyre business in Aachen has achieved “double-digit” profit margins over the years and even operated in the black during the corona lockdown.

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Related news:

  1. Continental closing Aachen, Germany tyre factory
  2. Aachen tyre plant: Continental blocking potential investors, says union
  3. Continental’s tyres and rubber business profitable in Q2, despite corona
  4. Continental shares set to continue outperforming estimates in 2021 – analysts
16th September 2020/by Stephen

UK car production on the rise, but output still 20% down in July

UK News
BMW Group

According to figures released today by the Society of Motor Manufacturers and Traders (SMMT), UK car manufacturing output fell 20.8 per cent in July, with just 85,696 units rolling off production lines during the month. Despite the continued ramp-up of production and reopening of almost all factories following the easing of lockdown measures, social distancing measures and ongoing economic uncertainty still stifled output. Today’s figures follow news that BMW intends to lay off 400 of the 950 agency personnel working at its Mini factory in Oxford.

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Related news:

  1. British car exports to China nudge 140k last year
  2. SMMT reports lower September car production as “market turmoil” continues
  3. UK automotive production drops again as investment dries up
  4. SMMT: UK car production declines 3.8% in September
27th August 2020/by Stephen

Bus manufacturer Alexander Dennis to axe 160 jobs

UK News

Alexander Dennis Limited (ADL) has announced that it is to axe 160 jobs at its Scottish facilities at Falkirk and Larbert. The news comes just one month after the company said that up to 650 jobs were at risk at its sites in the UK.

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Related news:

  1. Michelin closing Dundee tyre factory
  2. Dundee closure ‘supports Michelin’s intent to accelerate cost savings’ – analyst report
  3. Michelin Dundee closure: Scotland’s Economy Secretary convening action group
  4. First meeting: Michelin Dundee Action Group
20th August 2020/by Andrew

Bridgestone to close Port Elizabeth, South Africa bias agri tyre plant

International News

Bridgestone Southern Africa (BSAF) has announced that it will close its bias tyre manufacturing plant in Port Elizabeth, a decision affecting 252 employees. The move is in line with the company’s plans to focus on premium profitable growth segments. The Port Elizabeth plant is geared towards the production of older bias tyres, which are globally in decline and being phased out in South Africa, due to their unprofitability. BSAF is also feeling the effects of a shrinking economy and an influx of cheap imports, leading to its operational restructuring plan. It added that the conversion of the plant to produce radial tyres would require a multi-billion-rand investment, which it deemed unfeasible in the current economy.

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Related news:

  1. 10% Turnover Penalty Requested for South Africa Tyre Cartel Participants
  2. German wholesaler seeking distribution partners at Tyrexpo Africa 2014
  3. Business As Usual In South Africa – Ford And Bridgestone
  4. Challenge to South African tyre recycling plan thrown out
20th August 2020/by Andrew

Workers leave Michelin Dundee factory for final time

Career Tracks, Company News, UK News

Workers at Michelin’s Dundee plant are leaving for the final time today as the manufacturer ends its half-century of operations in the city. The final Dundee-made Michelin tyre was produced on 23 March, as the Coronavirus pandemic interrupted the planned closure of the site. The Unite union agreed to the early end to production, with Michelin honouring all wage commitments until the final closure date, 30 June. The 2018 decision to close the factory was informed by the rapid increase in consumers’ preference for lower-cost alternatives within the smaller size range the factory was equipped to produce. Michelin supported efforts to find employment for staff at the factory, including the relaunch of Michelin Development, which aimed to create hundreds of jobs in Dundee and Angus.

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Related news:

  1. Michelin closing Ballymena factory, investing in Dundee and Stoke-on-Trent
  2. Michelin closing Dundee tyre factory
  3. Dundee closure ‘supports Michelin’s intent to accelerate cost savings’ – analyst report
  4. Michelin Development relaunched to support job growth in Dundee area
30th June 2020/by Andrew
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