Manufacturing equipment is being installed within the KamaTyresKZ joint venture tyre plant in Kazakhstan ahead of the facility’s commissioning with an initial capacity to produce 3 million car tyres and 500,000 truck tyres annually. A second project phase will add capacities
for rubber products such as conveyer belts, while agricultural tyres will join the production programme in the third phase.
The truck steel wheel plant that Maxion Wheels and Inci Holding have jointly built in Turkey is ready to open, and during last week’s IAA Transportation show the two companies additionally announced plans to set up a facility for manufacturing aluminium commercial vehicle wheels. Maxion Wheels says adding forged aluminium commercial vehicle wheels “rounds out” its globally leading steel wheels portfolio, making Maxion a “one-stop option for truck and trailer manufacturers.”
To meet growing demand for mining tyre recycling and recycled rubber products, specifically carbon black and rCB, Kal Tire’s Mining Tire Group and Mitsui & Co. have entered into a joint venture commercialise the Kal Tire thermal conversion recycling facility in Chile from early 2023. Activities there will act as a “foundation” as the venture pursues “opportunities to bring OTR tyre recycling solutions to mining regions around the world.”
Rema Tip Top and Al Dobowi Industrial Rubber Services have formed a joint venture that will provide industrial services across the Middle East and North Africa. Called Rema Tip Top Middle East, the joint venture aims to be a “leading engineering and service provider” in the region.
Global automotive supplier Hella, which operates under the umbrella brand FORVIA, has agreed the sale of its 33.33 per cent stake in HBPO Beteiligungsgesellschaft mbH (“HBPO”) to its co-shareholder, Plastic Omnium. The agreed purchase price amounts to 290 million euros. The transaction is subject to customary regulatory approvals, but closing is expected in the fourth quarter of 2022.
The first phase of the China-Pakistan joint all-steel radial tyre plant, Service Long March (SLM), has been officially put into production, with an annual output of 740,000 sets of all-steel radial tyres.
Brembo and Chinese brake manufacturer Gold Phoenix have signed a 50:50 Joint Venture agreement to create Shandong BRGP Friction Technology Co. Ltd, the first large scale Brembo manufacturing facility fully dedicated to producing aftermarket brake pads. Brembo and Gold Phoenix have agreed to invest 35 million euros in the project over the next three years. Shandong BRGP Friction Technology Co., Ltd is expected to start operations in early 2023 in Jinan, the capital of Shandong province in Eastern China.
At its recent Annual General Meeting, the first held since the company’s IPO in Oslo and its secondary listing on the Frankfurt Stock Exchange, Pyrum Innovations AG shared details of the special purpose vehicles (SPV) that it intends to establish with joint venture partners. It has already announced one of these, a 20,000-tonne pyrolysis plant in Germany, but a further six SPV projects are on the cards – including a facility in the UK.
Marangoni Group is now the proud 100 per cent owner of the business it established in 2015 as a joint venture to bring its Ringtread retreading system to India. In a notification sent today to the Bombay Stock Exchange and the National Stock Exchange of India, former joint venture partner GRP Limited confirmed disposal of its 50 per cent shareholding in Marangoni GRP Private Limited.
Mitas’s newest two-wheeler tyre production facility in India has been formally inaugurated, following our early 2022 article that the factory was ready to commence production. The factory, which will serve global motorcycle tyre markets, is the result of a joint venture with the Mahansaria Group. The two companies are combining their expertise to bring Mitas tyre engineering into the two-wheeler tyre market. Both companies have been working throughout the challenges of the last two years, to test and produce tyres. The Mitas brand is part of Trelleborg Wheel Systems, whose sale to Yokohama for 2.1 billion euros was confirmed at the turn of the year.
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.
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.
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.”
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.
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.