Bridgestone recently announced its intention to increase capacity for radial aircraft tyre production at its Kurume plant in Japan. The company has now amended the statement it released on 17 October, changing the investment amount; rather than investing US$2.1 billion in the project as previously reported, Bridgestone states that the actual investment figure is 2.1 billion yen (£16.5 million).
Capacity for radial aircraft tyre production at Bridgestone’s Kurume plant in Japan is set to increase in response to an anticipated rise in demand for these products over the medium to long-term. Bridgestone Corporation will invest a total of US$2.1 billion in the project; while the company hasn’t reported the size of its planned capacity increase, it states that the project should be complete by the end of 2018.
Examation, a new tyre manufacturing system from Bridgestone Corporation that combines technologies from the company’s BIRD production system with artificial intelligence, will be introduced into Bridgestone’s Tatabánya car tyre factory in Hungary this year. Following the system’s set-up in Hungary, Bridgestone will then introduce Examation in its new plant in Ulyanovsk Oblast, Russia, which is expected to commence production in the final quarter of 2016.
Pirelli has now made tyres in Romania for a decade, and during a ceremony marking the tenth anniversary of the start of production in Slatina, the company announced plans to further invest in the site. Around €200 million will be invested in the Slatina plant through to 2021; as a result, annual production capacity will reach 15 million tyres, 5 million more than the current level. Some 500 new jobs will be created through the investment.
Production capacity for passenger car and light truck tyres at Sumitomo Rubber Industries’ (SRI) Tonawanda factory in the US will double by the end of 2019 as part of a US$87 million investment the company will make over the coming four years. The Tonawanda site came under SRI ownership following the dissolution of the Japanese manufacturer’s global alliance with Goodyear Tire and Rubber last October, and the capacity increase will facilitate the tyre maker’s growing reliance upon the plant for meeting North American market demand.
In order to furnish the Brazilian market with a steady supply of locally-made products, Japan’s Sumitomo Rubber Industries, Ltd. is investing 312 million real (£73.0 million) to add a truck and bus tyre manufacturing capability to its site in Fazenda Rio Grande, Paraná state. The investment will cover the cost of erecting a new premises adjacent to the existing passenger car and truck tyre manufacturing facility as well as new production equipment. A March 2019 start to truck and bus tyre manufacture is scheduled, and the initial capacity will be 500 tyres per day.
ZC Rubber has hosted its first European dealer meeting in Germany, designed to further development and marketing strategy in the market. Hosting “hundreds of partners and dealers,” Shen Jinrong, president of ZC Rubber, introduced the company mission: “To supply safe and value to global market”.
Bridgestone Canada Inc. (Bridgestone) is expanding its Canadian passenger and light truck tyre manufacturing facility in Joliette, Quebec, as part of a five-year investment that could total upwards of CA$300 million (£160 million). Groundbreaking for this multi-phase expansion of the facility is expected to occur this year; new plant equipment will be phased in over a five-year period in an effort to help the plant support the North American market and meet demand for larger diameter tyres, such as those fitted to modern pickup trucks and SUVs. The project will lift plant capacity by 3,000 tyres per day to bring daily production to 20,000 tyres by 2023.
Over the next two years, production capacity for 18-inch and larger high-performance tyres will increase by about 20 per cent at Yokohama rubber’s Shinshiro plant in Japan in order to meet growing demand for these highly profitable products. Work on a new plant production line will begin this May. This will go on stream in June 2017 and reach full capacity by the following April.
Bridgestone Corporation reported yesterday that plans to treble capacity at its Tatabánya plant in Hungary will be realised by 2020 rather than in the first half of 2017, as previously anticipated. The project to boost production capacity at the Bridgestone Tatabánya Termelö Kft facility from 6,000 to 18,000 passenger car tyres a day was announced in October 2012, and ground broke on the €267 million expansion the following summer.
Ukrainian tyre maker JSC Rosava says it has installed a new tyre building machine and universal stickers at its heavy tyre production facility. The company says the machine’s presence will enable it to raise its agricultural tyre production and expand its range by adding new, high-demand sizes. These additions include the sizes 420/70R24TL, 420/70R28 TL, 520/70R38 TL, 18,4R34, 14,9R24 and 600/65R30 TL.
Only quite recently Apollo Tyres Ltd gave word that truck and bus tyre production capacity at its factory Chennai, India would increase from 6,000 to around 9,000 tyres per day, yet the company has now announced a further truck and bus tyre capacity boost for the plant. A filing submitted to the BSE following a meeting of Apollo’s Board of Directors on 11 August shares the tyre maker’s plan of outlaying a capital expenditure of Rs 12 billion (£118.7 million) to further expand truck and bus radial capacity in Chennai from the currently planned 8,900 tyres per day to 12,000 tyres per day.
Unaudited financial results for the first quarter of Apollo Tyre Ltd’s 2015-16 financial year were released yesterday, and these show a year-on-year rise in the company’s operating and net profits despite lower net sales.
Yokohama Rubber’s first factory in India entered production last year with a capacity to produce 2,000 tyres a day, and local subsidiary Yokohama India is now looking to increase capacity to 8,000 tyres a day – some 2.8 million tyres a year.
Production capacity for high performance light truck and SUV tyres at Michelin’s Dothan factory in the US will increase by ten per cent when upgrades now being installed in the plant are completed in the summer of 2016. Michelin says it is investing US$22 million to upgrade the 35 year old plant, which currently employs 560 people. Approximately 40 new jobs will be created by the investment.