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You are here: Home1 / factory expansion

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$174 million investment: Nokian Tyres boosting USA production, warehousing

Company News, International News

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.

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Related news:

  1. Nokian breaks ground on new North America factory
  2. Nokian Tyres’ US plant on track for 2020 start
  3. Commercial production starts at Nokian Tyres’ USA plant
  4. Nokian Tyres producing 24/7 in the USA
12th January 2023/by Stephen

Bridgestone to invest $250m in Costa Rica over 5 years, increasing production

Company News, International News
Bridgestone

Bridgestone Americas will invest an additional $190 million to renovate and expand its Costa Rican tyre manufacturing operations. The newly announced funds extend the existing plan to invest $60 million in Belén de Heredia by 2026. Bridgestone will increase its production capacity by 36 per cent, adding more than 160 new permanent jobs.

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Related news:

  1. Bridgestone expanding truck/bus tyre capacity at Warren County, USA plant
  2. Bridgestone lost some data in Americas ransomware attack
  3. Bridgestone Americas factories getting back online after cyberattack
  4. Grant to aid Bridgestone’s guayule research
22nd November 2022/by Andrew

Kumho Vietnam expansion enters trial operation stage

International News
Kumho

The expansion project of Kumho’s Vietnam plant has entered the final stage. It is reported that all administrative procedures related to the trial operation of the expansion project have been completed.

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Related news:

  1. New Tyre Cord Factory Earmarked for Vietnam
  2. Kumho Vietnamese Plant – Latest
  3. New Sailun Vietnam tyre factory on line, employing 850
  4. China’s GS Tire raises Cambodia investment to $300 million
9th November 2022/by Xuda Wang

50% more tyres: Sumitomo Rubber USA expanding plant

Company News, International News

Construction work to expand the Sumitomo Rubber USA plant in Tonawanda, New York is progressing following the official groundbreaking at the site on 29 March, and in the coming two to three years the tyre maker will invest US$129 million in a project that will boost production capacity by 50 per cent. After erecting a 5,100 square metre plant building this summer, Sumitomo will install new mixing machines, tyre presses and tyre building machines. Plant manager Tim Sprunger says the expanded facility will feature a high level of automation.

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Related news:

  1. SRI increasing capacity at US tyre factory
  2. New mixer, greater utilisation to facilitate expansion at Sumitomo’s US tyre plant
  3. Rockwell helping Chinese tyremaker automate US plant
  4. SRI: USA Technical Center fully operational in January, European facility in September
22nd July 2022/by Stephen

GRI completes 2nd phase of specialty tyre plant expansion

Company News, International News

Phase 2 of a US$100 million production capacity upgrade at the GRI specialty tyre factory in Sri Lanka is now complete, and GRI reports being in a position to increase capacity by almost 100 per cent from the present level, up to a daily output of 60 tonnes. This elevated capacity will satisfy the increased demand for farm tyres that GRI has enjoyed since launching agricultural ranges across key markets such as Europe, the USA and Australia in 2018.

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Related news:

  1. GRI breaks ground on second tyre plant
  2. GRI plant expansion “progressing well” despite lockdown
  3. Building on foundations of growth – GRI MD talks with T&A
  4. GRI gains trio of National Business Excellence awards
19th July 2022/by Stephen

BKT’s expanded Bhuj plant enters operation

Company News, International News

Earlier today, BKT produced the first tyre following extensions at its Bhuj site in India. The expansion project’s completion represents the culmination of an investment valued at close to £80 million

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Related news:

  1. BKT preparing for 51-inch giant tyre production at $500 million plant
  2. Early 2016 opening for BKT R&D centre
  3. BKT opens India R&D centre
  4. BKT: Bhuj carbon black plant to ‘better ensure raw material qualities’
4th March 2022/by Stephen

China’s GS Tire raises Cambodia investment to $300 million

International News
GS Tire

On 11 January 2021 Jiangsu Province Department of Commerce approved Jiangsu General Science Technology Co. Ltd’s (GS Tire) US$300 million investment in a new tyre factory in Cambodia. Company stock market filings had previously described that factory as a $204 million investment, which suggests the scope of the project has increased significantly.

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Related news:

  1. Jiangsu General investing US$300 million in Thailand tyre plant
  2. Sentury internationalising with US tyre factory investment
  3. Prinx Chengshan invests £19 million in purchasing land for new Thailand tyre factory
  4. Seyoun Tire’s 3.2 million tyre factory project gets underway
27th January 2022/by Chris

Sailun inaugurates upgraded acquired plant

International News

On 27 June, Sailun Group officially inaugurated the modernised former Anchi Tyres facility in Weifang, Shandong Province. Group subsidiary Sailun (Weifang) Tire Co., Ltd. invested RMB 719.9 million (£81.3 million) to upgrade production at the acquired plant and implemented its improvements within a timeframe of just six months.

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Related news:

  1. SSE debut for new Sailun Group ticker symbol
  2. Work begins on Sailun JV test facility
  3. Sailun’s new truck tyre plant enters service
  4. Sailun upgrading car & truck tyre production at acquired factory
5th July 2021/by Stephen

Ceat inaugurates factory expansion

International News

Ceat Limited commissioned the second phase of its Nagpur plant in India’s Maharashtra state on Monday. The tyre maker says the two-wheeler tyre capacity added by this expansion project will be “be ramped up over a period of time, based on market demand and our overall capacities.” 

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Related news:

  1. Ceat to expand consumer tyre production
  2. Bridgestone investing $304 million to expand plants in India
  3. CEAT plans to invest US$500 million in new tyre factory
  4. Bridgestone expanding truck/bus tyre capacity at Warren County, USA plant
27th August 2020/by Stephen

Bridgestone begins latest expansion at Polish car tyre plant

Company News, International News

Almost 18 months ago, Bridgestone announced it would invest at least 160 million euros in its passenger car tyre plant in Poznań, Poland. A stage in this factory expansion project began on 20 January with the laying of a foundation stone for additional production buildings.

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Related news:

  1. Bridgestone investing $304 million to expand plants in India
  2. Bridgestone’s Joliette plant to gain automated warehouse
  3. New warehouse, increased capacity at Bridgestone’s Hungary tyre plant
  4. Trademark infringement: Bridgestone wins another case in China
29th January 2020/by Stephen

Hankook Tire postpones Hungary truck tyre plant

Company News, International News

News reports from Hungary suggest Hankook Tire has put on hold plans to set up a truck tyre production unit at its Rácalmás plant. English-language publication the Budapest Business Journal writes that fellow business daily Világgazdaság shared this news with its readers yesterday.

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Related news:

  1. Hankook adding truck tyre production to European plant
  2. CV Show launch for Laufenn truck tyre range
  3. Report: Michelin investing 40 million euros in Hungary plant
  4. Prinx Chengshan invests £19 million in purchasing land for new Thailand tyre factory
13th September 2019/by Stephen

Bridgestone expanding truck/bus tyre capacity at Warren County, USA plant

Company News, International News

Production capacity for truck and bus radials at Bridgestone’s Warren County factory in Tennessee, USA will increase as part of a three-year, US$40 million investment to “meet market demand and address emerging customer needs.” Bridgestone Americas says it will break ground on expansion work at the 28-year old plant before the end of this year.

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Related news:

  1. Bridgestone investing in US plant expansion
  2. Bridgestone breaks ground on Wilson plant expansion
  3. Bridgestone investing $304 million to expand plants in India
  4. Bridgestone expanding OTR tyre production at US plant
16th November 2018/by Stephen

Bridgestone’s Joliette plant to gain automated warehouse

Company News, International News

A new, fully automated warehouse is to be built at the Bridgestone manufacturing facility in Joliette, Canada. Bridgestone Canada Inc. is investing CA$56 million (£32.8 million) in the project, which will give it a maximum storage capacity of 500,000 car and light commercial vehicle tyres once the facility opens in early 2020.

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Related news:

  1. Rockwell helping Chinese tyremaker automate US plant
  2. Bridgestone investing $304 million to expand plants in India
  3. Bridgestone’s Hungary plant to gain new 10,000m² warehouse
  4. Bridgestone expanding truck/bus tyre capacity at Warren County, USA plant
23rd October 2018/by Stephen

Hankook adding truck tyre production to European plant

Company News

With an investment of approximately 290 million euros, Hankook Tire is adding a truck tyre production unit to its factory in Rácalmás, Hungary. Work on this expansion project – the fourth since the plant opened in 2007 – will begin in June, with production expected to commence in June 2020. The truck tyre production unit will have the capacity to make 550,000 tyres a year, and its opening will create around 150 new jobs.

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Related news:

  1. Hankook Tire postpones Hungary truck tyre plant
  2. CV Show launch for Laufenn truck tyre range
  3. Hankook SmartWork OE on Scania
  4. Hankook supplying OE tyres for Audi SQ8
26th March 2018/by Stephen

Nexen aiming for Global Top 10 by 2025

International News, UK News

With new factories in Europe and now also the US Nexen Tire is growing in terms of global production capacity. However, the firm is also investing in developing its brand, especially in terms of football sponsorship. Recently Tyres & Accessories looked into how the company is combining the two in order to meet its goal of entering the global top 10 by 2025.

In 1976 Kettering Tyres paid local football club Kettering Town FC to print its logo on the front of the team shirt. The move caused ructions in what was then known as the first division and didn’t last long, but it did set a precedent for sponsorship that went to the next level this year. 41 years later, shirt sponsorship in the English Premier League (called Football League First Division back then), which brought in £226.5 million in sponsor revenues during the 2016-17 season, is very big business.

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Related news:

  1. Nexen Tire becomes Man City and the EPL’s first ever sleeve sponsor
  2. Nexen Tire continues ‘successful’ Manchester City FC sponsorship
  3. Nexen Tire back with Man City for 2019/20
  4. 3 more years: Nexen Tire extends Eintracht Frankfurt sponsorship
31st October 2017/by Tyrepress Editors
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