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You are here: Home1 / joint venture

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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
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  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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  1. Tyre Manufacturers In Global E-Commerce Initiative
  2. Tyre Manufacturers In FT Top 500
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  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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  1. Cooper Tire to become 100% owner of Mexico JV tyre plant
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27th January 2020/by Andrew

First TBR tyre produced by Cooper, Sailun Vietnam JV

Company News, International News

The joint venture between Cooper Tire & Rubber Company and Sailun Vietnam Co, Ltd has produced its first tyre. ACTR, facility located near Ho Chi Minh City, Vietnam.

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Related news:

  1. Cooper Tire and Sailun announce Vietnam TBR tyre joint venture
  2. Offtake agreement: Sailun Vietnam making TBR tyres for Cooper Tire
  3. Jinyu begins construction of Tay Ninh, Vietnam tyre factory
  4. Analysts: Cooper 3Q results surprise, but shares fall
27th November 2019/by Andrew

Chaoyang Long March invests in $250 million Pakistan joint venture

Company News, International News

Pakistan’s leading tyre manufacturer, Service Industries Ltd. and Chaoyang Long March Tyre Co. Ltd. have reportedly signed a joint venture agreement to manufacture radial truck tyres in Pakistan.

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21st November 2019/1 Comment/by Chris

Michelin and Faurecia invest 140 million euros in Symbio hydrogen mobility JV

Company News, International News
Symbio Faurecia Michelin

Following the establishment of their hydrogen mobility joint venture in March 2019, Michelin and Faurecia have reported that they have formalized the establishment of “Symbio, A Faurecia Michelin Hydrogen Company”. According to the two companies “Symbio, A Faurecia Michelin Hydrogen Company” combines all their hydrogen fuel cell dedicated activities, with the aim of becoming a world leader in hydrogen mobility.

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  1. Electromobility: Michelin, Faurecia create hydrogen fuel cell systems JV
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  3. Michelin, Sumitomo Corporation to pool tyre wholesale resources in USA & Mexico
  4. Menegaux: Further Michelin and Continental JVs and acquisition collaborations ‘possible’
21st November 2019/by Chris

Cooper Tire to become 100% owner of Mexico JV tyre plant

Company News, International News

Cooper Tire & Rubber Company intends to completely acquire its joint venture tyre manufacturing facility in Mexico. It currently holds a 58 per cent share in Corporación de Occidente S.A. de C.V. (COOCSA), but has entered into a definitive agreement with partner Trabajadores Democraticos de Occidente S.C. de R.L. de C.V. (TRADOC) to acquire its 42 per cent stake. On Friday, a majority of TRADOC members voted in favour of the agreement.

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Related news:

  1. Cooper completes acquisition of Mexico joint venture plant
  2. Cooper Tires relaunches plant after acquiring Mexico JV
  3. Cooper Tire acquiring majority share in Chinese truck tyre maker
  4. Cooper Tire releases 2018 Sustainability report
4th November 2019/by Stephen

2nd Algerian tyre plant: Doublestar participating in JV

Company News, International News

Buried within the more than 134 pages of Qingdao Doublestar’s latest semi-annual report is the news that the state-owned tyre maker will extend China’s ‘one belt, one road’ strategy by working with a local partner to establish a tyre production facility in Algeria. The Chinese-language document states that its subsidiary Hong Kong Doublestar signed a joint venture agreement with El Hadj Larbi Pneumatiques during the reporting period.

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13th September 2019/by Stephen

Rubberway: Michelin & Continental team up for rubber supply chain JV

Company News

The natural rubber supply chain is very complex. It includes around six million farmers, 100,000 intermediaries and over 500 processing plants. To bring greater transparency to the supply chain, two ‘top-five’ tyre makers are now cooperating with a third party in a joint venture: Michelin and Continental, together with IT agricultural specialist Smag, have formed a company to further develop and deploy a technological solution for mapping sustainability practices. The client-facing portion of this technology is a smartphone app called Rubberway.

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  1. Michelin-Continental JV not tyre related
  2. Michelin tops online brand prominence table
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  4. Michelin the number one consumer researched tyre brand: Tyre Reviews
12th September 2019/by Stephen

Michelin-Continental JV not tyre related

Company News

Michelin has responded to news published by Reuters yesterday regarding a joint venture with Continental and French agricultural IT services company SMAG. It confirms that the three parties will enter into a joint venture, however it will not be – as stated by Reuters – related to tyre production.

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Related news:

  1. Rubberway: Michelin & Continental team up for rubber supply chain JV
  2. Menegaux: Further Michelin and Continental JVs and acquisition collaborations ‘possible’
  3. No Re-arrangement Of Continental/Michelin JV
  4. Vellco Appoints Former Michelin Man
12th September 2019/by Stephen

Groundbreaking held for Maxion-Dongfeng aluminium wheel plant

Company News, International News

Maxion Wheels and new joint venture partner, Dongfeng Motor Parts and Components Group, have held a groundbreaking ceremony at the future site of their 22,000 square metre aluminium wheel plant in Suizhou, China. The ceremony took place on 6 June and was attended by government officials and company dignitaries, customers, suppliers and associates.

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Related news:

  1. Dongfeng & Maxion Wheels form aluminium wheel JV
  2. Construction to begin on new Maxion Wheels plant in India
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  4. Pirelli acquires 49% in Chinese tyre plant to boost APAC ‘high value’ strategy
11th June 2019/by Stephen

Dongfeng & Maxion Wheels form aluminium wheel JV

Company News, International News

Maxion Wheels, the world’s largest wheel manufacturer, has entered into an agreement to form a new passenger car aluminium wheel joint venture with Dongfeng Motor Parts and Components Group, one of China’s largest automotive parts companies. The new legal entity, Dongfeng Maxion Wheels, will build a new two-million per year capacity plant in Hubei Province, China. Series production is scheduled to begin in the second half of 2020.

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Related news:

  1. Groundbreaking held for Maxion-Dongfeng aluminium wheel plant
  2. Analysts: Cooper 3Q results surprise, but shares fall
  3. Chengshan forms new JV with investment group
  4. Beijing Auto ready for Apollo Tyres joint venture, say local reports
13th March 2019/by Stephen

Electromobility: Michelin, Faurecia create hydrogen fuel cell systems JV

Company News

In 2017, Michelin stated that hydrogen “ticks all the boxes” for its vision of sustainable mobility. The company’s activities in this area are now moving forward with the signing of a Memorandum of Understanding to create a new joint venture that will bring together all of Michelin’s fuel cell related activities, including its subsidiary Symbio, with those of automotive parts manufacturer Faurecia.

Read more

Related news:

  1. Michelin and Faurecia invest 140 million euros in Symbio hydrogen mobility JV
  2. Michelin confirms acceleration of hydrogen plans
  3. Michelin X Multi range grows with addition of drive sizes
  4. Michelin to close truck tyre factory in France
12th March 2019/by Stephen
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