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.
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.
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.
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).
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.
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.
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.
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.
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.
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.
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.
A ceremony has taken place to mark the start of work on Linglong Tire’s new tyre factory in Serbia. Company chairman and chief executive officer Wang Feng greeted guests at the site of the future plant on 29 and 30 March to launch the new subsidiary, Linglong International Europe D.O.O. Zrenjanin (LLIE), and to hold the tyre maker’s global partner conference.
Continental’s new tyre making facility in Thailand is officially up and running. A ceremony was held yesterday to mark the occasion, with around 500 people present to mark inauguration of the 250-million-euro greenfield factory in Rayong. Production will now be ramped up to provide a capacity to manufacture some four million passenger car and light commercial vehicle tyres by 2022. These tyres will be sold locally and throughout the entire APAC region.
Balkrishna Industries (BKT) has provided further details regarding its plans to build a factory in the USA. With a capital outlay of up to US$100 million, funded by investments and local debt, the tyre maker intends to establish a greenfield facility with an annual capacity of 20,000 tonnes.