Tag: Hungary

Pirelli announces compound choices and mandatory sets for Hungary grand prix

25th May 2017 | 0 Comments

Pirelli has announced that it will bring the P Zero Red supersoft, Yellow soft, and White medium compounds to the eleventh round of the 2017 Formula One season at the Hungaroring (28-30 July).

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Apollo Tyres opens €475 million greenfield Hungarian plant

Apollo Tyres opens €475 million greenfield Hungarian plant

4th May 2017 | 0 Comments

The opening of Apollo Tyres’ Gyöngyöshalász plant, 100km east of Budapest, marks a significant event for both the company’s global aspirations and the Indian tyre industry – the 72 hectare greenfield factory, begun in April 2015, is the first inaugurated by an Indian tyre company to come online outside the domestic market. The importance was reflected in the event itself, with some of the plant’s cavernous warehousing housing around 1,300 guests, among whose number was the prime minister of Hungary, Viktor Orban, who declared Apollo’s sixth global tyre manufacturing plant – its second in Europe after the existing Netherlands facility acquired alongside Vredestein – open on 7 April.

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New MD for Hankook’s Hungary plant

20th January 2017 | 0 Comments

Seong Hak Hwang has taken over from Sang Il Lee as managing director of Hankook Tire Hungary following the latter’s retirement on 1 January.

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Bridgestone plants in Hungary, Russia to use Examation tyre making system

Bridgestone plants in Hungary, Russia to use Examation tyre making system

17th October 2016 | 0 Comments

Examation, a new tyre manufacturing system from Bridgestone Corporation that combines technologies from the company’s BIRD production system with artificial intelligence, will be introduced into Bridgestone’s Tatabánya car tyre factory in Hungary this year. Following the system’s set-up in Hungary, Bridgestone will then introduce Examation in its new plant in Ulyanovsk Oblast, Russia, which is expected to commence production in the final quarter of 2016.

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Speedline Truck supports local hero in Hungary

Speedline Truck supports local hero in Hungary

31st August 2016 | 0 Comments

The fifth race in this year's season of the FIA European Truck Racing Championship was held from August 26 - 28 at the Hungaroring circuit near Budapest. The Speedline Truck Team was on hand with its regional trading partners to cheer on local hero Norbert Kiss, but, sadly, he did not emerge victorious.

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Hungary plant – Apollo Tyres anticipates €300M investment by end of fiscal year

19th August 2016 | 0 Comments

Apollo Tyres’ Enschede plant in the Netherlands has a 200 tonne per day capacity and currently operates at more than 90 per cent capacity utilisation, and to supplement output within the region the tyre maker is currently erecting a brand new factory in Hungary. During a conference call last week, Gaurav Kumar, chief financial officer at Apollo Tyres Ltd., confirmed that the company has planned a capital expenditure of €200 million for the project during the current financial year (1 April 2016 to 31 March 2017).

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Pirelli previews Hungarian grand prix as F1 season passes halfway mark

18th July 2016 | 0 Comments

Pirelli will supply its P Zero Red supersoft, Yellow soft and White medium compounds to Formula One’s teams at the recently resurfaced Hungaroring. The tyre manufacturer says that the circuit “could not be any more different” following the previous race at Silverstone; the tight and twisty Hungaroring has been described as being like an oversized go-kart track, while weather conditions can range from extremely hot (a common occurrence) to rain (which was the case two years ago, as well as 2011).

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Hankook talks OE tyre development for Europe, presents Ventus Prime³

Hankook talks OE tyre development for Europe, presents Ventus Prime³

22nd April 2016 | 0 Comments

The choice of Hungary, home of its European manufacturing base, as the location for this month’s ‘Ventus Experience’ media event underlines Hankook Tire’s growing focus on original equipment supply within the region. In addition to introducing the Ventus Prime³ comfort tyre, during the event Hankook Tire showed the fruits of recent investment in its factory in Rácalmás, and shared how the facility is helping it meet the requirements of European vehicle manufacturers.

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Thyssenkrupp invests 100 million euros in Hungary car parts plant

23rd February 2016 | 0 Comments

Thyssenkrupp is to build a new automotive components plant in Hungary. The company will invest around 100 million euros in a new production site for engine components and steering systems. Construction of the plant in Jászfényszaru, 70 kilometres east of Budapest, will start in spring 2016, with production of electronic power-assisted steering systems and cylinder head covers with integrated camshafts planned to commence in 2018. Thyssenkrupp reports that it will create around 500 new jobs at the site in the coming years. The expansion has reportedly been prompted by “major orders from international OEMs”.

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Bridgestone revises completion date for Hungary expansion

Bridgestone revises completion date for Hungary expansion

8th January 2016 | 0 Comments

Bridgestone Corporation reported yesterday that plans to treble capacity at its Tatabánya plant in Hungary will be realised by 2020 rather than in the first half of 2017, as previously anticipated. The project to boost production capacity at the Bridgestone Tatabánya Termelö Kft facility from 6,000 to 18,000 passenger car tyres a day was announced in October 2012, and ground broke on the €267 million expansion the following summer.

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Michelin to supply European markets from newly-expanded site in Hungary

Michelin to supply European markets from newly-expanded site in Hungary

9th December 2015 | 0 Comments

In 2016 Michelin intends to develop its logistics centre in Vác, Hungary into a centre for tyre distribution within Europe, and to realise this aim has undertaken a €7 million expansion of the site. In a Hungarian-language press statement the tyre maker reports that the 30,000 square metre facility has been handed over and is ready for its new responsibilities; from 1 January 2016 it will supply tyres to 15 countries in Central and Southern Europe (Michelin names the Czech Republic, Albania, Austria and Bulgaria as four of these), and will receive tyres from all of Michelin’s European factories.

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JSR, MOL to build joint venture S-SBR plant in Hungary

19th November 2015 | 0 Comments

Groundwork begins this month on a new 60,000 ton per annum S-SBR plant destined to supply synthetic rubber to tyre industry customers. Construction of the new plant begins in the first quarter of next year at the MOL Petrochemicals site in Tiszaújváros, Hungary and the facility is a 51/49 per cent joint venture between Japan’s JSR Corporation and Hungary’s MOL Group. It is expected that the plant’s mechanical completion will take place within 2017.

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Apollo comments following financing deal for Hungary Greenfield plant

27th August 2015 | 0 Comments

Apollo secured 300 million euros financing for its Greenfield plant in Hungary, on which construction started in April 2015, bringing total investment to 475 million euros. The first product is expected to roll out in early 2017 and the facility will create approximately 1,000 jobs in the country. Commenting on the closure of the financing, K. Prabhakar, managing director of Apollo Tyres, Hungary said, “We thank our consortium partners who provided appropriate solutions to the specific financing needs for the project and facilitated a smooth execution.”

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Financing secured for Apollo Tyres’ Hungary plant

27th August 2015 | 0 Comments

Some 300 million euros in financing have been secured for the factory Apollo Tyres is building in Hungray. This financing comes from a consortium of banks made up of ABN AMRO Bank NV, Magyar Export-Import Bank, Raiffeisen Bank, Standard Chartered Bank and UniCredit Bank Hungary.

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Apollo lays foundation of Hungary Greenfield tyre manufacturing plant

Apollo lays foundation of Hungary Greenfield tyre manufacturing plant

10th April 2015 | 0 Comments

Construction of Apollo Tyres’ first European Greenfield plant in Gyöngyöshalász, Hungary, officially began on 10 April 2015, with a foundation stone laying ceremony. The international tyre manufacturer’s facility will start production in early 2017. The facility will produce both, Apollo and Vredestein branded tyres and will cater to the entire European market.

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