Whether its raw materials, machinery, research and development or the latest manufacturing trends, this tag provides up-to-the-minute insights into the upstream part of the tyre industry.
Cooper Tire wasn’t initially looking to sell when Goodyear chief executive Rich Kramer approached the company, Cooper’s president and CEO told journalists in a virtual press conference on 22 February 2021. Rather, Cooper’s management and board were convinced by Goodyear’s “compelling offer” and “strategic logic”. So, what exactly was it that convinced Cooper’s leadership team?
Following the news that Pirelli is consulting on reorganising part of its Burton tyre production, the company reaffirmed its commitment to both its Burton and Carlisle locations. But could the consultation relating to Pirelli’s Burton MIRS line mean transferring tyre production to Carlisle?
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.
The latest temporary closure of Honda’s Swindon plant because of parts shortages could be the “tip of the iceberg” for new car supply issues in 2021, the Vehicle Remarketing Association is warning. Chair Philip Nothard said that the problem, believed to be caused by poor availability of semiconductors, was potentially a sign of things to come from all manufacturers.
GRI has laid the foundation stone for the second phase of its $100 million manufacturing facility in Badalgama, Sri Lanka. The plant, in the Mirigama Export Processing Zone will expand production of speciality tyres as global demand for its products grows. The company has been expanding rapidly since its $40 million-plus investment in the “world-class” manufacturing facility, inaugurated in 2018. Phase two will include a new mixing facility, expanding the original plant by the end of 2021.
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.
Honda will next week pause car production at its factory in Swindon; the third time it has done so in a little over a month. The Japanese car manufacturer said in a statement that output would be paused from Monday to Thursday next week, the longest such pause so far. It said that global supply disruption as a result of the coronavirus pandemic was responsible for the pause.
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.
In November, Recauchutados Muralla SA (Remusa) confirmed its position as the first retreader to buy Vipal retreading machinery in Europe. The company invested in a VOC 760 Extruder, which has already been installed at the retreader’s headquarters, located in Ávila, Spain.
During the next 18 months, Continental plans to “significantly expand” truck tyre production at its Modipuram, Uttar Pradesh factory in India. The expansion is designed to enable increased export volumes to the Asia Pacific (APAC) region, local news sources reported, citing a Continental statement.
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.
Advanced battery technology investor Britishvolt has announced its plans to make the Mira Technology Park Campus near Coventry the home of its 5000sqm global headquarters. The company wants its new HQ to be fully operational by 2022. The news follows the UK government’s decision to bring forward its ban on the production of new petrol and diesel cars by 2030. Britishvolt said the facility, in the traditional heartland of the country’s automotive industry, will spearhead the development of battery technologies for future electrified vehicles. Britishvolt adds that it wants to expand the site further to “bring highly skilled and specialist jobs to the West Midlands.” The company wants to build the UK’s first battery gigaplant, supporting the vehicle parc’s transition to electric engines. It is targeting the fourth quarter of 2023 to begin production, having signed an MoU with the Welsh government in 2020.
Cooper
MohammadAli Dahaghin; Unsplash
Geograph.co.uk
GRI
Ferentino; Facebook
InoBat
Vipal
Google CNES/Airbus, Mazar Technologies
Britishvolt