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Linglong Serbia amongst Chinese projects under EU scrutiny

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European Union

On 19 January 2021, 26 Members of the European Parliament wrote to Oliver Várhelyi, the European Commissioner for Neighbourhood and Enlargement Negotiations about concerns relating to “growing Chinese influence in Serbia and the impending environmental damage resulting from several heavy industrial projects in Serbia by Chinese owned companies”. The group are particularly interested in scrutinising Serbia’s apparently “generous” subsidies and environmental compliance protocols.

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  1. Serbia open for business
  2. Linglong holds business investment talks with EBRD
  3. Toyo given free land as part of 364 million euro Serbia tyre factory investment
  4. Linglong injects 146 million euros of capital into Serbian tyre factory project
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Vietnam Rubber Group to expand tyre and tube production

Vietnam Rubber Group says it achieved its revenue and profit targets for 2020, reporting profit of VNĐ5 trillion (roughly US$200 million) on sales of VNĐ25.477 trillion ($1 billion), according to the Vietnam News Agency. As a result of these figures, the company reports that its goals include restructuring and increased investment in the rubber sector with possible mergers that would help close the rubber tyre and tube products value chain.

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  1. Guizhou Tire begins $350 million construction project on two China factories
  2. Pyramids Tires: $350 million Egyptian factory begins manufacturing
  3. Tatneft invests in Kazakhstan tyre factory joint venture
  4. Pirelli transforming former Ceat factory site into new warehousing centre
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$250 million Ferentino tyre factory opens in Sri Lanka

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Ferentino; Facebook

Ferentino Tyre Corporation’s Horana, Sri Lanka tyre factory was officially opened by Sri Lankan president Gotabhaya Rajapaksa on 14 January 2021. The facility was constructed with an investment of US$250 million and can reportedly produce 2.4 million tyres annually. Tyres made at the Ferentino factory will cross a number of sectors including radial car, SUV, bicycle and even three-wheelers. These include a “Mythos” product line reminiscent of the Marangoni passenger car tyre range previously produced in the same place (see below). Of the 2.4 million tyres produced annually at the Ferentino factory in this phase, 80 per cent are destined for export markets. A second phase is scheduled to be completed in March 2022.

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  1. Pyramids Tires: $350 million Egyptian factory begins manufacturing
  2. Marangoni investing $75 million Sri Lanka industrial capacity
  3. Sentury internationalising with US tyre factory investment
  4. Nokian to invest $360 million in new US tyre factory
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Plant closure: Council wants Bridgestone to return investment

Last September, Bridgestone announced it would close its tyre production facility in Béthune, France during in 2021. The municipal council of Béthune-Bruay now claims the tyre maker didn’t fully honour the commitments it agreed to back in 2007, when the municipality contributed towards a 32-million-euro investment in the plant. It is therefore demanding that Bridgestone returns the subsidies it invested.

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  1. Bridgestone European manufacturing network restarts production
  2. French government willing to invest in Bridgestone Bethune rescue
  3. Toyo Serbia factory receives approval for 41 million euro subsidy
  4. Bridgestone in talks with 2 tyremakers about Béthune factory sale
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Chinese wheelmaker opens second production line in Morocco

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Moroccan Department of Industry

Aluminium casting and automotive parts specialist, Citic Dicastal kicked off production at its second aluminium wheel factory in Morocco at the end of December 2020. With a budget of 350 million euros, the Chinese wheelmaker aims to double its capacity in Morocco to 6 million wheels and create a total of 1,250 jobs. According to local news reports, the Dicastal-made wheels are destined for vehicles made by the French OEM PSA Group as well as exports.

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  1. Sentury Tire joins the Shenzen Stock Exchange
  2. Giti to build $560 million US tyre plant
  3. Georgia selected as location for $500 million Sentury Tire US factory
  4. Prinx Chengshan invests £19 million in purchasing land for new Thailand tyre factory
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Invest in UK battery production or risk 800,000 jobs – InoBat vice-chairman

InoBat

Dr Andy Palmer, former CEO of Aston Martin, and non-executive vice chairman of InoBat Auto, a European electric vehicle battery producer, is calling on the UK Government to stimulate investment into domestic EV Battery Production.

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  1. Will new battery production capacity replace car production in the UK?
  2. New chapter in politics parallels new chapter in UK automotive manufacturing
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  4. AMTE Power and Britishvolt move towards UK’s first Gigafactory battery manufacturing factory
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Britishvolt to build UK’s 1st battery gigaplant in Blyth, Northumberland

Despite signing an MoU regarding a similar project in Wales in July, Britishvolt has appointed a construction company (ISG) to build a new gigaplant in Blyth, Northumberland, with construction planned to commence in Summer 2021. The result of £2.6 billion investment, it will begin producing lithium-ion batteries for the automotive and renewable energy industries at the end of 2023. Construction of further phases will continue until the end of 2027.

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  1. Britishvolt considering Wales for huge battery factory
  2. Michelin achieves greater energy efficiency in Dundee
  3. Britishvolt names key strategic partners
  4. GKN Wheels reports 300% increase in wheel output at Telford factory
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TVS Srichakra doubling off-highway tyre capacity

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TVS Srichakra Ltd., the two- and three-wheeler as well as off-highway tyre manufacturer, is planning a 10 billion rupee (£102 million; 112 million euro; US$135 million) investment programme. According to the company, the investment will increase two- and three-wheeler tyre production capacity by 25-30 and double of off-highway tyre capacity from current levels.

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  1. TVS Eurogrip: A new, tech-focused motorcycle tyre brand for millennials
  2. Michelin, TVS Srichakra setting up motorcycle, scooter tyre production unit in India
  3. ZC Rubber’s Anji factory starts making tyres
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Pirelli transforming former Ceat factory site into new warehousing centre

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Google CNES/Airbus, Mazar Technologies

Pirelli is constructing a new tyre warehouse to serve its industrial hub at Settimo Torinese in partnership with BGO Logistic Fund 1, which is backed by investment from BentallGreenOak and managed by Kervis SGR SpA, with GSE Italis acting as general contractor. The project will redevelop the industrial area where the Ceat factory once stood near Pirelli’s industrial hub with a view to creating “greater efficiency and environmental benefits”. The project is scheduled to be completed in 2021.

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  1. Pirelli: all sustainability indicators improved
  2. Pirelli and Hixih move closer together
  3. Pirelli enters ECPI Sustainability Index
  4. Pirelli expands Romania factory and warehousing
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Fintyre bidder Springwater’s offer includes 50 million euro capital increase

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The Springwater Capital financial group has made a binding offer for Fintyre, which is currently controlled by Bain Capital. No details have officially been released, but some Italian news sources are reporting that the Springwater offer includes a capital increase of 50 million euros. The company has been in talks with potential new investors since May.

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  2. EfTD rebrands as Fintyre Group
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  4. FinTyre buys RS Exclusiv Reifengrosshandel and TyreXpert Reifen + Autoservice
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Toyo Serbia factory receives approval for 41 million euro subsidy

Following the news that the Japanese tyremaker has received free land as part of the state support package for its Serbia tyre plant, the country’s state aid commission has approved the allocation of 41 million euros ($48.7 million) in government financing to Toyo to support the construction of the new factory in Indjija, northern Serbia.

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  1. Toyo given free land as part of 364 million euro Serbia tyre factory investment
  2. Toyo investing 390 million euros in Serbia tyre factory
  3. Triangle: no Russian tyre plant…for now
  4. Linglong considering European factory
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Linglong injects 146 million euros of capital into Serbian tyre factory project

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Zrenjanin city government

Shandong Linglong plans to increase the capital of its Linglong International Europe Serbian unit by US$174.1 million (146.6 million euros) for the construction of its tyre factory in Zrenjanin, northern Serbia. When finished the factory will require 1,200 employees and produce 13 million tyres per year.

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  1. Linglong Tire confirms Serbia factory plans
  2. Linglong holds business investment talks with EBRD
  3. Toyo investing 390 million euros in Serbia tyre factory
  4. Toyo given free land as part of 364 million euro Serbia tyre factory investment
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Tatneft investing 217 million euros in Kazakhstan tyre factory

Information office of the Prime Minister of the Republic of Kazakhstan

Askar Mamin, the prime minister of the Republic of Kazakhstan, recently hosted the general director of PJSC Tatneft, Nail Maganov, for talks relating the construction of a new tyre factory in Kazakhstan.

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  1. Tatneft invests in Kazakhstan tyre factory joint venture
  2. Pyramids Tires: $350 million Egyptian factory begins manufacturing
  3. Open for business: T&A tours Triangle HQ and manufacturing base
  4. Qingdao Doublestar doubling capacity
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Kerr’s Tyres buys Roundabout Tyre & Battery Service

Kerr’s Tyres

Kerr’s Tyre’s & Auto has acquired Belfast-based Roundabout Tyre & Battery Service. Roundabout Tyre & Battery Service have been operating from Belfast’s outer ring for 31 years. No price details have been released.

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  1. Kerr’s Tyres & Auto creates 20 new jobs in £2.5 million investment
  2. Kerr’s invests in 14 new jobs, Newtownards tyre centre
  3. Kerr’s Tyres & Auto to invest £2 million creating 15 new jobs
  4. Kerr’s Tyres buys M & S Tyres Enniskillen
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Trinseo investing in, begins partnership with Tyre Recycling Solutions

Synthetic rubber and plastics manufacturer Trinseo has reached definitive agreements with Swiss sustainable tyre recycling specialist Tyre Recycling Solutions (TRS) on a commercial collaboration and an equity investment in TRS. The transaction is expected to close later this quarter, subject to ordinary closing conditions.

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  1. Arlanxeo invests millions in synthetic rubber production
  2. Trinseo addressing key trends with new S-SBR family
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