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You are here: Home1 / new factory

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America first: Continental sister company Schaeffler investing across the pond

Company News, International News

Major German automotive components supplier Schaeffler Group, which like tyre and automotive systems firm Continental counts the Schaeffler family’s IHO Holding as a significant shareholder, is shunning investment at home and in Europe in favour of the USA. In addition to more advantageous energy prices, Schaeffler looks approvingly upon the USA’s more pragmatic approach to climate issues.

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Related news:

  1. A dozen new companies join Conti & Schaeffler’s ‘Premium Circle’
  2. Deutsche Bank Leaves Continental
  3. Continental celebrates official start of US factory project
  4. Triangle Tyre publishes details of USA car, truck tyre factory plans
1st March 2023/by Stephen

Nokian Tyres: Romania contributing 99.55 million euros to factory project

Company News, International News

The government of Romania has approved state aid of almost 100 million euros to Nokian Tyres PLC. The tyre maker intends to establish a new factory in Oradea, and the ad hoc regional state aid will finance the costs related to the factory’s establishment and address the financing gap related to this greenfield investment.

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Related news:

  1. Nokian Tyres’ US plant on track for 2020 start
  2. Commercial production starts at Nokian Tyres’ USA plant
  3. Nokian Tyres investing 650 million euros in greenfield factory in Romania
  4. Nokian Tyres: “substantial uncertainties” relating to timing of Tatneft deal closure
19th January 2023/by Stephen

Jiangsu General: May start for Cambodia plant

International News

Chinese tyre maker Jiangsu General Science Technology intends to open its new plant in Cambodia during the first half of this year. The General Tire Technology (Cambodia) Co., Ltd. facility now being set up in the Sihanoukville Special Economic Zone is expected to enter production in May with a capacity to manufacture 5 million semi-steel radial tyres and 900,000 all-steel radial tyres.

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Related news:

  1. China’s GS Tire raises Cambodia investment to $300 million
  2. Jiangsu General raises funds for Cambodia factory
  3. Jiangsu General investing $204 million in Cambodia car tyre factory
  4. Sailun approves Cambodia TBR project
3rd January 2023/by Stephen

Linglong signs building contract for Serbia tyre plant

Company News, International News
Linglong

Recently, Linglong Tire signed a cooperation agreement with CCCC First Highway Engineering Group. CCCC First Highway Engineering Group will lead the continuing construction of the Serbian project of Linglong International Europe into the plant’s next phase. The plant produced its first tyre, an Eplus-01 truck and bus radial tyre, on 27 June. It is reported that CCCC First Highway Engineering Group’s main task is to be responsible for the current and subsequent construction projects and to promote the construction progress of Linglong’s European project. The two parties did not disclose the specific cooperation details.

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Related news:

  1. Linglong Tire confirms Serbia factory plans
  2. Linglong Tire to officially start Serbia plant project
  3. Linglong Tire begins Serbia factory project
  4. Linglong car tyre plant commissioned
26th October 2022/by Xuda Wang

Maxion Wheels adding forged aluminium products to CV portfolio

Company News

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.”

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Related news:

  1. Maxion on track with Turkey expansion project
  2. Groundbreaking held for Maxion-Dongfeng aluminium wheel plant
  3. Maxion Wheels presenting CV growth strategy at IAA Transportation
  4. Maxion Wheels joins ‘responsible’ aluminium, steel organisations
26th September 2022/by Stephen

YOHT opens 3rd plant in India

Company News, International News

During a ceremony held today and attended by local and regional officials, Yokohama Off Highway Tires (YOHT) inaugurated its newest factory in India and broke ground on the second stage of work at the site. Located in Visakhapatnam, Andhra Pradesh state, the new plant is YOHT’s third in the country.

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Related news:

  1. $171m investment: Capacity at Yokohama OHT’s new plant to double
  2. Yokohama rebrands ATG business
  3. Tyre production on the rise at ATG’s third factory
  4. Alliance Tire Group introduces 10 year warranty on certain agricultural tyres
16th August 2022/by Stephen

Toyo Tires restructures European operation ahead of plant opening

Company News

With the start of production at its new factory in Serbia drawing nearer, Toyo Tire Corporation is changing its organisational structure in Europe. Toyo Tire Europe GmbH, which has served as the sales vehicle and sales headquarters within the region, will be reorganised into a holding company that includes the Serbian plant under its umbrella. From 1 June 2022, the tyre maker will thus be represented in Europe by Toyo Tire Holdings of Europe GmbH.

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Related news:

  1. Toyo Tires setting up European R&D centre
  2. Toyo Tires adjusting management team to facilitate Europe tyre plant project
  3. Toyo Tire prepares for Serbia plant start with structural change
  4. Toyo Tires appoints Kuribayashi president of European production subsidiary
30th May 2022/by Stephen

Sailun approves Cambodia TBR project

Company News, International News

On 14 February, Sailun Group Co., Ltd.’s Board of Directors unanimously approved plans to invest RMB 1.43 billion (£165.9 million) to establish a factory in Cambodia with the capacity to produce 1.65 million all-steel truck and bus radials a year. These tyres will primarily be exported to meet demand in European and North American markets.

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Related news:

  1. Sailun raising truck tyre capacity by 3 million units
  2. Sailun’s new truck tyre plant enters service
  3. Sailun evaluating car tyre production in Cambodia
  4. 9 million tyres a year – Sailun approves expanded plans for Cambodia factory
16th February 2022/by Stephen

Sentury Tire intends to build 523m euro Spanish tyre plant

Company News, International News

Sentury Tire, the tyre manufacturer behind the global Landsail tyre brand, has outlined its plan to construct a 522.59 million euro car and light truck tyre plant in the Galicia region of northwest Spain. Qingdao Sentury Tire Co, Ltd’s board of directors approved the proposal to build capacity for 12 million high performance and light commercial tyres on a three-year schedule at a meeting in the last quarter of 2021, announcing this intention to the Shenzhen Stock Exchange on 19 December. The company has implemented a 100 per cent owned subsidiary, Sentury Tire (Spain) Co, Ltd, via its Hong Kong trading company for the project, and wants to ramp up production in two phases; it expects the plant to reach 50 per cent capacity (six million tyres) after two years, with the second half added after three years. Sentury wants to achieve these milestones in 2024 and 2025 respectively, pending construction conditions in Spain and the availability of funding, which Sentury plans to self-raise.

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Related news:

  1. First Landsail tyres produced at new Thai factory
  2. Sentury internationalising with US tyre factory investment
  3. Sales of the Sentury
  4. Warren Rudman leaves Sentury Tire Spain project
12th January 2022/by Andrew

STARCO Huanmei moves wheel production to new plant

Company News, International News

STARCO Huanmei, a wheel manufacturing operation in China founded in 2007 as a joint venture with Kenda, is moving to an entirely new production facility that provides the scope to greatly increase output. The new plant is located in Zhejiang Province, some three hours away from Shanghai. Following a traditional Chinese opening ceremony two weeks ago, STARCO anticipates the factory achieving full operation by mid-October.

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Related news:

  1. Kenda buys Starco
  2. CKT sale to have “no impact” on Kenda product supply
  3. Linglong Hubei TBR tyre plant officially opens
  4. Linglong car tyre plant commissioned
15th October 2021/by Stephen

$171m investment: Capacity at Yokohama OHT’s new plant to double

Company News, International News

With an additional investment of US$171 million, Yokohama Rubber Co., Ltd. intends to more than double the production capacity for off-highway tyres at its Visakhapatnam plant in India. The new plant is scheduled to begin operations in the first quarter of 2023 with a planned daily production capacity of 55 tonnes; this extra investment will lift daily capacity to 123 tonnes during a second project stage, which is scheduled to start in the first quarter of 2024.

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Related news:

  1. Yokohama rebrands ATG business
  2. Alliance Tire Group introduces 10 year warranty on certain agricultural tyres
  3. Tyre production on the rise at ATG’s third factory
  4. Yokohama Off-Highway Tires EMEA raises prices
11th August 2021/by Stephen

Toyo Tire prepares for Serbia plant start with structural change

Company News

Toyo Tire Corporation shares that as of 1 July 2021, its Europe Project Development Department will cease being directly managed by the company’s Business Headquarters and will be transferred to the Production Headquarters, where it will be placed under the Headquarters Division.

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Related news:

  1. Toyo Tires setting up European R&D centre
  2. Toyo Tires adjusting management team to facilitate Europe tyre plant project
  3. Rubber processing: Toyo employing materials informatics technology
  4. Toyo breaks ground on Serbia tyre factory
30th June 2021/by Stephen

BKT officially scraps USA factory project

Company News

Doubts have surrounded the future of Balkrishna Industries (BKT)’s plans to establish a factory in the USA for the past two and a half years, and now the company has officially ended the project. This decision was agreed upon during a board meeting on Monday.

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Related news:

  1. BKT: No USA plant for the “foreseeable future”
  2. BKT outlaying up to $100 million to build US tyre plant
  3. Sentury Tire chooses SSOE for US plant design
  4. Triangle Tyre selects site for USA factory project
10th February 2021/by Stephen

China’s Haohua Tire building export-oriented plant in Sri Lanka

International News

Sri Lankan newspaper Daily FT reports that Chinese tyre maker Shandong Haohua Tire Co. Ltd. intends to build a factory in the country and produce both car and truck tyres there for export markets. The plant will be located on a 121 acre (49 hectare) site near the major port of Hambantota. Haohua Tire anticipates exporting its first tyres from the plant within three years.

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Related news:

  1. Land set aside for Ceylon Steel tyre factory
  2. GRI opens Sri Lanka off-road tyre plant
  3. Sri Lankan president attends GRI factory opening reception
  4. Maxam Tire opens new solid tyre factory in Vietnam
20th November 2020/by Stephen

Maxam Tire opens new solid tyre factory in Vietnam

Company News, International News
Maxam

Speciality tyre manufacturer Maxam Tire has opened a new advanced and automated solid tyre production facility. It said the new facility represents “a major commitment to the speciality solid tyre segment.” Maxam added that the plant is “strategically aligned to better serve today’s market demands through compound advancement and automated technology.” Sources within the Sailun Group told Tyres & Accessories that the factory is located in Vietnam.

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Related news:

  1. Camso inaugurates Vietnam solid tyre plant
  2. Official opening for Bridgestone’s Vietnam plant
  3. Kenda Rubber investing £200M to build car tyre factory in Vietnam
  4. Sailun to build all-steel, OTR tyre plant in Vietnam
27th August 2020/by Andrew
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