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You are here: Home1 / joint venture

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Kumho confirms Saudi tyre factory MoU

International News
Blatco

Kumho Tire representatives have confirmed reports that the South Korean tyremaker has signed a Memorandum of Understanding with Saudi tyre business Black Arrow Tire Co (Blatco). However, the two parties differ on the degree of progress made with the talks.

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Related news:

  1. Kumho and Blatco in talks over Saudi tyre factory
  2. Pyramids Tires: $350 million Egyptian factory begins manufacturing
  3. Roadbot roadblock – Middle Eastern tyre factory stalls due to pandemic
  4. Ssangyong Motorsport fits Yokohama Geolandar on 2020 Dakar Rally
26th January 2022/by Chris

Kumho and Blatco in talks over Saudi tyre factory

Company News, International News
Aramco

Various news sources are reporting that South Korea’s Kumho Tire signed a memorandum of understanding (MoU) with Saudi Arabia-based Blatco (Black Arrow Tire Co. as part of the Saudi-South Korean Business Forum on 18 January 2022. As many as 13 agreements were signed during the Saudi-South Korean Business Forum, of which 10 were signed by oil major Saudi Aramco.

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Related news:

  1. Kumho confirms Saudi tyre factory MoU
  2. Kumho investing $300 million in tyre factory expansion plans
  3. No extension for Kumho Tire receivership deadline
  4. Kumho brand name off-limits to tyre maker’s potential purchaser
25th January 2022/by Chris

Early 2022 start for Mitas two-wheeler tyre production in India

Company News, International News

Trelleborg Wheel Systems (TWS) has confirmed a timetable of beginning volume two-wheeler tyre production at the SYAM Trelleborg Tires LLP joint venture factory “by early 2022” following the start of trial manufacturing last December. With the plant’s entry into operation, TWS looks forward to an increased production capacity of two-wheeler tyres that not only “contributes to consolidate market presence” in southeast Asia, a region where two-wheeled vehicles are in great demand, but also “augmenting motorcycle operations across Europe and North America.”

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Related news:

  1. India JV about to start making Mitas two-wheeler tyres
  2. Trelleborg invests in India two-wheel tyre production JV
  3. Richard Lyons joins Trelleborg as North Region general manager, UK MD
  4. More than just products: T&A speaks with TWS’ Paolo Pompei
21st January 2022/by Stephen

Arlanxeo-TSRC JV plant relocating, growing capacity

International News

In response to local government environmental protection measures in the Yangtze River region and with the aim of establishing “one of the most modern NBR plants in the world,” Arlanxeo and TSRC are relocating their joint venture synthetic rubber facility. The move to a new location will be accompanied by an increase in NBR capacity from 30,000 to 40,000 tons per annum, growth that will support local demands and reinforce global supply.

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Related news:

  1. Pirelli, Rosneft and Synthos move to next phase of synthetic rubber cooperation
  2. China implements anti-dumping tariffs against synthetic rubber producers
  3. Mesnac buys synthetic rubber producer
  4. Arlanxeo invests millions in synthetic rubber production
21st January 2022/by Stephen

India JV about to start making Mitas two-wheeler tyres

International News

Despite delays during the pandemic, the joint venture plant set up in India by Yogesh Agencies & Investments Private Limited (YAIPL) and Trelleborg Wheel Systems (TWS) is now gearing up for deliveries of Mitas two-wheeler tyres. Paolo Pompei, president of TWS, recently confirmed that production will soon start.

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Related news:

  1. Trelleborg invests in India two-wheel tyre production JV
  2. Mahle buys-out Indian JV
  3. Apollo to manufacture motorcycle tyres?
  4. Richard Lyons joins Trelleborg as North Region general manager, UK MD
14th December 2021/by Stephen

Butadiene JV: Tatneft & KazMunayGas sign agreement

International News

Russian oil and gas company Tatneft and Kazakhstani state-owned oil and gas company KazMunayGas have officially commenced a joint venture to produce butadiene rubbers with the signing of a corporate agreement by Nail Maganov, general director of Tafnet, and Alik Aidarbayev, management board chairman of KazMunayGas. The agreement follows the signing of an agreement earlier this year that set out the basic terms of the project as well as a roadmap for its implementation, a framework agreement and an agreement on an action plan for cooperation.

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Related news:

  1. Tatneft to supply new KamaTyresKZ plant from JV butadiene facility
  2. KamaTyresKZ secures funds for automated machinery
  3. An Untapped Resource? Nokian’s Kazakhstan factory bid
  4. Sentury and Huagao cooperate on first graphene tyre
30th November 2021/by Stephen

KamaTyresKZ secures funds for automated machinery

International News

Work on Tatneft’s joint venture tyre factory in Saran, Kazakhstan began several months ago, and the project has now taken a further step forward with the signing of a financial lease agreement aiding the purchase of modern, automated tyre production equipment for the plant.

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Related news:

  1. VÚK acquisition to benefit Continental’s tyre assembly machinery business
  2. Chinese Machinery Makers Look to Export Markets
  3. Chinese tyre and rubber industry machinery demand continues to rise
  4. Cimcorp becomes Linglong’s tyre plant automation partner
23rd November 2021/by Stephen

Salvadori supplying downsizing system to Michelin/Enviro recycling plant

Company News, International News

Earlier this year, Michelin Group and Scandinavian Enviro Systems announced they were building a facility for extracting raw materials such as carbon black, oil, steel and gas from end-of-life tyres, with Michelin holding 90 per cent equity in the Antofagasta, Chile-based joint venture. Michelin has selected Italian tyre recycling solution provider Salvadori Srl to supply and install the plant’s downsizing system, and also to train local staff in its operation. The plant will use Salvadori’s technology to reduce tyres into pieces of predetermined dimensions before further processing them. 

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Related news:

  1. Michelin building world first tyre recycling plant in Chile
  2. Pyrolysis technology: Michelin partnering with Enviro
  3. Enviro and Michelin extend strategic partnership letter of intent
  4. Enviro: Improved tyre pyrolysis market will help revenues
23rd November 2021/by Stephen

Maxam Tire to acquire Latin America joint venture

Company News, International News

Maxam Tire Latin America (LATAM) will acquire and control the full equity interest in the LATAM Joint Venture (JV) on 31 October 2021. The 2015 JV was previously in place with Gustavo Lima and Marco Zigni and structured to expand the Maxam brand in the region via strategic partnership.

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Related news:

  1. Maxam shows OTR, mining, construction bias tyres at Arminera 2015
  2. Reports: Belshina discussing Yokohama JV
  3. Pirelli completes high-end tyre JV
  4. Yokohama to buy ex-Pirelli commercial/industrial tyre business Prometeon
21st October 2021/by Andrew

Start of work ceremony at KamaTyresKZ plant

International News

A ceremony was held on 5 April to commemorate the start of work to build the KamaTyresKZ tyre factory in Saran, Kazakhstan. The plant, a joint venture between Russia’s Tatneft Group and the Kazakhstan-based AllurGroup, is being set up at a cost of US$284 million. Construction is scheduled to be complete in 2022 and the facility will be capable of producing 3 million passenger car tyres as well as 500,000 solid steel cord tyres a year.

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Related news:

  1. Nokian Tyres’ Kazakhstan JV on Hold
  2. Tatneft invests in Kazakhstan tyre factory joint venture
  3. Fifth Vianor Tyre Retail Franchise to be Opened in Kazakhstan
  4. Goodyear ending Sumitomo alliance due to “anti-competitive” behaviour
7th April 2021/by Stephen

Hella sells Mando Hella Electronics joint venture shares to partner Mando

Company News, International News

Automotive supplier Hella intends to sell its 50 per cent share in the South Korean joint venture Mando Hella Electronics (MHE) to Mando. The two partners have now signed a corresponding agreement and the transaction is expected to close in the first quarter of 2021 calendar year. The price is “around €60 million.”

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  1. Hella and ZF Form Strategic Partnership
  2. Why tyre servicers need to address ADAS – Hella Gutmann Solutions
  3. Hella increases sales and earnings in a challenging market environment
  4. Hella implements 24 GHz radar sensor technology in the Suzuki Swift and Swift Sport
3rd February 2021/by Peter Gardner

Hella and Minth establish new joint venture in China

International News

Hella and the Minth Group have announced a joint venture, which will be funded equally. The company, Hella Minth Jiaxing Automotive Parts Co. Ltd., will promote the development, production and marketing of radomes (absorbent covers for radar systems) and illuminated logos. It has a production facility in Jiaxing and will have an international scope, with an initial focus on the Chinese market. Subject to the approval of the relevant antitrust authorities, the joint venture is scheduled to start operations in Autumn 2020.

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Related news:

  1. Second ContiTech Fluid Joint Venture in China
  2. China’s Auto Parts Exports Hit $8.9 Billion
  3. IAA Commercial Vehicles: Hella introduces intelligent lighting and electronics solutions
  4. Analysts: Cooper 3Q results surprise, but shares fall
26th August 2020/by Andrew

Menegaux: Further Michelin and Continental JVs and acquisition collaborations ‘possible’

Company News, International News
Cap: For Michelin boss Florent Menegaux further cooperation with Continental is "definitely possible" (Photo: Michelin/Ludovic Combe)Michelin/Ludovic Combe

Michelin CEO Florent Menegaux has suggested about further collaboration with fellow leading tyre manufacturer and automotive supplier Continental. The French and German companies have cooperated on the Eurofit wheel business since the 1990s and entered into the Rubberway supply chain joint venture in September 2019.

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Related news:

  1. Tyre Manufacturers In Global E-Commerce Initiative
  2. Tyre Manufacturers In FT Top 500
  3. Tyre makers in the battery manufacturing space
  4. Michelin-Continental JV not tyre related
24th June 2020/by Chris

Cooper Tires relaunches plant after acquiring Mexico JV

Company News

After purchasing its former partner’s 42 per cent share in the Corporación de Occidente S. A. de C.V. (COOCSA) joint venture in Mexico, Cooper Tire & Rubber halted passenger and commercial vehicle production at the site and re-hired the workforce there as employees of Cooper Tires. Brad Hughes, the tyre maker’s president and chief executive officer, reports that Cooper Tires is “now in the process of ramping production back up” at the site. Restructuring the plant will cost the company around US$10 million, an expense that will mainly occur in the first quarter of 2020.

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Related news:

  1. Cooper Tire to become 100% owner of Mexico JV tyre plant
  2. Cooper Tires suspends production in Europe
  3. Cooper completes acquisition of Mexico joint venture plant
  4. Cooper Tires extends North America production pause
25th February 2020/by Stephen

Cooper completes acquisition of Mexico joint venture plant

International News

Cooper Tire & Rubber Company has completed the acquisition its Mexico joint venture tyre manufacturing facility, Corporación de Occidente S. A. de C.V. (COOCSA). The agreement to increase its shareholding from 58 to 100 per cent was announced on 1 November 2019.

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Related news:

  1. Cooper Tire to become 100% owner of Mexico JV tyre plant
  2. Cooper Tires relaunches plant after acquiring Mexico JV
  3. Cooper Tire acquiring majority share in Chinese truck tyre maker
  4. Cooper Tire promotes Ceneviz, names Yang as Tsaur’s successor
27th January 2020/by Andrew
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