Tag: factory
Toyo investing 390 million euros in Serbia tyre factory
Toyo Tire Corporation has announced that it is investing 390.5 million euros in the construction of a new tyre manufacturing facility in Indijia City, Republic of Serbia. Construction of the Serbia plant will start in May 2020, with a view to initiating tyre manufacturing operations in January 2022.
Nexen set to begin trial production at new Czech tyre plant
Nexen Tire Europe is due to begin trial production at its new facility in Zatec, the Czech Republic. The news marks the virtual completion of the project that started in October 2015.
Hella opens second electronics plant in India
Hella, the global automotive supplier, has opened a second electronics plant in India. The new production facility in Mehsana, India, north of the city of Ahmedabad in the state of Gujarat, will meet the growing demand for electronic components and strengthen proximity to its local customers.
Algeria’s first tyre plant completes first test phase
On 26 March 2019 the Iris Group announced “the success of the first test phase” of its “100 per cent made in Algeria” tyre factory. Celebrating the news, the company thanks its partnership and stakeholders for their efforts up to this point: “All this could not have been done without the perfect involvement of our collaborators, a big thank you to all!”
Honda closes Swindon car factory
Following media reports the day before, on 19 February Honda confirmed it will close its Swindon car manufacturing facility with the loss of around 3500 jobs. According to Honda, the closure forms part of wider global restructuring plans. Honda also said the news comes as the Japanese firm “accelerates its commitment to electrified cars, in response to the unprecedented changes in the global automotive industry”.
Prinx Chengshan invests £19 million in purchasing land for new Thailand tyre factory
Having rejected earlier plans for a new tyre factory in Malaysia, Prinx Chengshan has invested 170.6 million yuan (£19.464 million) in buying at least 433,600 square metres of land in at Tambon Nong Suea Chang, Amphur Nong Yai, and Tambon Klong-Kew, Amphur Ban-Bung, Chonburi province in Thailand. According to stock exchange filings dated 25 December 2018, the deal comprises “several plots of land” and will be funded by the company’s recent global share offering.
Prinx Chengshan the only HKEX-listed tyremaker at Tire+
Based in the city of Guangzhou, the Guangzhou International Automobile Exhibition is particularly close to the Chinese off-shore territories of Hong Kong and Macau. Still, despite the show’s proximity to such personal and corporate wealth, Prinx Chengshan unique inasmuch as it was the only Hong Kong stock exchange (HKEX) listed tyre manufacturer at the show.
Jiangsu General investing US$300 million in Thailand tyre plant
Jiangsu General Science Technology Co. Ltd. is set to invest around US$300 million in the construction of a tyre manufacturing facility in Thailand. The news follows earlier reports published in the Spring that Jiangsu General was considering Cambodia for the investment.
Linglong completes technical assistance to Uzbek tyre plant project
The tyre plant built in Uzbekistan by Uzkimyosanoat State Joint Stock Company and partners, with technical assistance from Linglong Tire is complete, and Linglong says it is now focused on appointing a product technical team and working towards helping the plant achieve its production goal of 3 million passenger car radials and 200,000 cross-ply agricultural tyres per annum.
Linglong lays foundation stone for fourth Chinese tyre factory
Shandong Linglong Tire Co. Ltd. has laid the foundation stone for its fourth Chinese factory. The event, held 6 July ran in parallel with Linglong Tire's "global partners" conference. The new plant is in addition to Linglong’s existing Zhaoyuan, Dezhou and Liuzhou factories. Linglong is building the fourth plant at a 223-acre site in the city of Jingmen in Hubei province.
Sri Lankan president attends GRI factory opening reception
GRI held the grand opening of its agriculture, construction and pneumatic material handling tyre factory in Sri Lanka on 25 January with the country’s president, Maithripala Sirisena as the company’s chief guest.
Training centre to form key part of Triangle’s new US tyre factory
North Carolina’s Edgecombe County will build a manufacturing training centre at Kingsboro to provide a trained workforce for Triangle, as part of its agreement with Chinese tyre manufacturer.
Incentives helped Triangle decide to build US factory in North Carolina
Triangle Tire’s decision to build its North American manufacturing facility in North Carolina was helped by the offer of $152 million in state and local financial enticements, state officials announced December 19. The company will receive $66 million in state incentives and $86 million from Edgecombe County. The two-phase project is expected to be complete by 2023.
Ronal Group opens new wheel factory in Spain
The Ronal Group, a leading manufacturer of alloy wheels, has built a second plant in Teruel, Spain, which was officially opened on 10 October 2017. The Ronal Group has run a production and administration facility in the Aragón region of north-eastern Spain since 1983. The foundation stone for the latest plant was laid in February 2016.
New Algerian tyre plant to feature Cimcorp logistics automation
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.