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You are here: Home1 / greenfield facility

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Nokian Tyres: Romania contributing 99.55 million euros to factory project

Company News, International News

The government of Romania has approved state aid of almost 100 million euros to Nokian Tyres PLC. The tyre maker intends to establish a new factory in Oradea, and the ad hoc regional state aid will finance the costs related to the factory’s establishment and address the financing gap related to this greenfield investment.

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Related news:

  1. Nokian Tyres’ US plant on track for 2020 start
  2. Commercial production starts at Nokian Tyres’ USA plant
  3. Nokian Tyres investing 650 million euros in greenfield factory in Romania
  4. Nokian Tyres: “substantial uncertainties” relating to timing of Tatneft deal closure
19th January 2023/by Stephen

Nokian Tyres investing 650 million euros in greenfield factory in Romania

Company News, International News
Michel Bossart; Pixabay

Nokian Tyres’ is investing around 650 million euros in a new passenger car tyre factory in Romania. The new greenfield factory will be located in Oradea in the North-West of Romania, near the Hungarian border. The annual capacity of the factory will be 6 million tyres, with expansion potential for the future. According to an official statement, the site will also house a distribution facility for storage and distribution of tyres. Construction is scheduled to begin in early 2023 and the first tyres are estimated to be produced in the second half of 2024. Commercial tyre production is expected to start in early 2025.

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Related news:

  1. Nokian to invest $360 million in new US tyre factory
  2. Nokian moves selected tyre production out of Russia
  3. Ukraine war continues putting tyre production under pressure
  4. Nokian sells its Russian tyre operation to Tatneft for 400 million euros
1st November 2022/by Chris

6.5 million all-steel radials a year: Assessment for ZC Rubber’s proposed factory

Company News, International News

An environmental impact assessment has commenced for the all-steel radial tyre plant that Zhongce Rubber Group (ZC Rubber) intends to build in Hangzhou, China. Subsidiary Hangzhou Zhongce Qiantang Industrial intends to set up the 6.5 million tyre a year greenfield facility in the Xiaoshan Linjiang High-tech Industrial Park; stakeholders now have an opportunity to comment on the project’s potential ramifications.

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Related news:

  1. ZC Rubber expanding PCR capacity to meet growing domestic demand
  2. ZC Rubber expanding work with rubber recycling
  3. ZC Rubber resumes full tyre production
  4. Zhongce Rubber Group acquires Tianli OTR, agricultural tyre manufacturer
22nd April 2022/by Stephen

Work starts on Tatneft’s JV plant in Kazakhstan

International News

Construction of Tatneft’s new joint venture tyre plant in Kazakhstan has commenced with the installation of the first concrete pillar at the site in Saran. Workers are driving in piles parallel to laying foundations in order to ensure the project’s completion on schedule, and Tatneft anticipates it will inaugurate the factory at the end of next year.

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  1. Tatneft’s Kazakhstan tyre logistics centre
  2. Tatneft to supply new KamaTyresKZ plant from JV butadiene facility
  3. Tatneft investing 217 million euros in Kazakhstan tyre factory
  4. Kama Tyres to make off-highway tyres at Nizhnekamsk plant
24th September 2021/by Stephen

Trial production begins at BKT’s new Waluj F-20 plant

Company News, International News

Balkrishna Industries Ltd., manufacturer of the BKT tyre brand, reports that it recently commenced trial production at the greenfield project on the ‘F-20’ plot, a nine-hectare site near its current Waluj, Maharashtra plant. The facility has an installed capacity of 30,000 tonnes as well as warehousing for raw materials and finished goods. The tyre maker adds that the planned “small cogeneration plant” hasn’t been installed at this point in time.

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Related news:

  1. BKT: Bhuj carbon black plant to ‘better ensure raw material qualities’
  2. BKT outlaying up to $100 million to build US tyre plant
  3. BKT: No USA plant for the “foreseeable future”
  4. BKT officially scraps USA factory project
22nd September 2021/by Stephen

9 million tyres a year – Sailun approves expanded plans for Cambodia factory

International News

Earlier in the year, Sailun Group announced it was evaluating the feasibility of producing car tyres in Cambodia, but the plans its Board of Directors approved this month are for a larger and costlier plant than originally reported. Planned capacity has risen 80 per cent, and the proposed investment almost doubled.

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Related news:

  1. Sailun evaluating car tyre production in Cambodia
  2. Sailun Group extends capacity expansion project
  3. Chinese contingent view potential Thai rubber sources
  4. Sailun investing big in PCR tyre capacity to reach premium OEMs in China
11th June 2021/by Stephen

Sailun evaluating car tyre production in Cambodia

International News

Sailun Group is considering setting up a plant to produce tyres for passenger vehicles in Cambodia. According to a feasibility study published today, the Chinese tyre maker is interested in building a facility within the QiLu (Cambodia) Special Economic Zone in Svay Rieng Province that is capable of making five million semi-steel radials a year. Sailun estimates the project will require an investment of 1.18 billion yuan (£130.5 million).

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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 boosting Vietnam production to meet demand in Europe & North America
  4. Sailun upgrading car & truck tyre production at acquired factory
9th March 2021/by Stephen

BKT officially scraps USA factory project

Company News

Doubts have surrounded the future of Balkrishna Industries (BKT)’s plans to establish a factory in the USA for the past two and a half years, and now the company has officially ended the project. This decision was agreed upon during a board meeting on Monday.

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  1. BKT: No USA plant for the “foreseeable future”
  2. BKT outlaying up to $100 million to build US tyre plant
  3. Sentury Tire chooses SSOE for US plant design
  4. Triangle Tyre selects site for USA factory project
10th February 2021/by Stephen

Ceat begins production at newest plant

Company News, International News

Commercial production at Ceat Ltd.’s new production facility near Chennai, India began yesterday, reports the tyre maker. Ceat says production capacity at the plant in Sriperumbudur Taluka will now be “ramped up progressively in a phased manner” up to a daily capacity of 28,500 car tyres and 2,500 motorcycle tyres.

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Related news:

  1. Ceat signs India factory MoU
  2. Ceat lays foundation stone for new tyre factory
  3. Ceat commissions Buti Bori plant
  4. Ceat acquires land for new tyre plant
13th February 2020/by Stephen

Prinx Chengshan: Milestones reached in Thailand, China plant projects

Company News, International News

Prinx Chengshan reports that “steady progress” is being made at its new tyre factory in Thailand. Construction work commenced on 31 March and the purchase of key equipment by invitation to tender has now been completed. The company estimates that all steel production workshops, mixing workshops, and supporting public works will be completed by the end of this year. Production at the site should commence in 2020.

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Related news:

  1. Linglong Thailand tyre factory up and running
  2. Continental chooses site in Thailand for new APAC region tyre factory
  3. Prinx Chengshan the only HKEX-listed tyremaker at Tire+
  4. Prinx Chengshan hosts dealer conference in Xi’an
2nd September 2019/by Stephen

Toyo Tires appoints Kuribayashi president of European production subsidiary

Career Tracks

Kenta Kuribayashi has been named president of Toyo Tire Corporation’s tyre production subsidiary in Europe, effective 1 September. He has taken on this role in addition to serving as president of Toyo Tire Europe GmbH and as chairman and chief executive officer of Toyo Tire RUS LLC.

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Related news:

  1. Toyo Tires adjusting management team to facilitate Europe tyre plant project
  2. Toyo Tires setting up European R&D centre
  3. Sentury Tire: Plans for USA tyre plant on hold
  4. BKT: No USA plant for the “foreseeable future”
2nd September 2019/by Stephen

Nexen Tire inaugurates European plant

Company News

An official opening ceremony is being held today for Nexen Tire’s new tyre factory in Žatec, Czech Republic. Numerous dignitaries have attended the event, including Petr Očko, the country’s Deputy Minister of Industry and Trade, Travis Kang, Nexen Tire’s global chief executive officer, and Byung-Joong Kang, the company’s chairman.

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Related news:

  1. European Commission approves Nexen Tire investment
  2. Nexen distances itself from Czech Republic plant rumours
  3. Czech government approves Nexen investment plan
  4. Nexen Tire opens central R&D facility
28th August 2019/by Stephen

BKT: No USA plant for the “foreseeable future”

Company News, International News

The likelihood of seeing BKT tyres ‘Made in the USA’ appears even more uncertain following an earnings call held by Balkrishna Industries Ltd. (BKT) on 13 August. Although the tyre maker reported three days earlier that the 20,000 tonne per annum factory project was just “in abeyance”, comments made during the call suggest the pause on work is more than temporary.

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Related news:

  1. BKT preparing for 51-inch giant tyre production at $500 million plant
  2. BKT outlaying up to $100 million to build US tyre plant
  3. Balkrishna to build carbon black plant
  4. Early 2016 opening for BKT R&D centre
15th August 2019/by Stephen

Endurance Technologies drops plans to make tyres

Company News, International News

Indian automotive components manufacturer Endurance Technologies Limited has informed the National Stock Exchange of India (NSE) that it’s halted plans to set up a tyre manufacturing operation. The decision not to expand into this area was made after investors voiced concerns about the project.

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Related news:

  1. Ceat lays foundation stone for new tyre factory
  2. Ceat commissions Buti Bori plant
  3. Ceat acquires land for new tyre plant
  4. Ceat begins production at newest plant
9th August 2019/by Stephen

Sentury Tire: Plans for USA tyre plant on hold

Company News, International News

It appears that Sentury Tire has paused its project to set up a tyre factory in the USA. Local newspaper the Valley Times News shares that work has been “placed on hold indefinitely.”

Read more

Related news:

  1. Sentury Tire chooses SSOE for US plant design
  2. Sentury Tire looking to erect US plant at Tennessee ‘Megasite’
  3. Continental to build $1.45 billion tyre factory in North America
  4. BKT: No USA plant for the “foreseeable future”
23rd May 2019/by Stephen
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