Tag: Thailand
Prinx Chengshan breaks ground on Thailand tyre plant project
A groundbreaking ceremony has been held for the new Prinx Chengshan Thailand factory in the WHA Eastern Seaboard Industrial Estate EISE 3 in Chonburi. The new plant is amongst the first to be set up in the industrial park, and Prinx Chengshan notes that a launching ceremony for the park was held today.
Official opening for Continental’s Thailand tyre plant
Continental’s new tyre making facility in Thailand is officially up and running. A ceremony was held yesterday to mark the occasion, with around 500 people present to mark inauguration of the 250-million-euro greenfield factory in Rayong. Production will now be ramped up to provide a capacity to manufacture some four million passenger car and light commercial vehicle tyres by 2022. These tyres will be sold locally and throughout the entire APAC region.
Top natural rubber produces cutting exports by 240,000 tons
On 6 March, the International Tripartite Rubber Council (ITRC) announced plans to reduce rubber exports by 240,000 tons for the next four months.
Firenza car tyre range focuses on “style, safety and performance”
Singapore-based Stamford Tyres’ Firenza tyre brand is pitching itself as “a competitively priced selection of both passenger car and high-performance tyres for the UK and Europe”.
VMI opens Thailand ‘Service Center’
On 22 January, the latest VMI Service Center located in Chon Buri Province, Thailand, was officially opened by Riaan Diener, VP of VMI Global Services, and Aart van der Pol, Regional Manager Customer Service Asia.
Prinx Chengshan invests £19 million in purchasing land for new Thailand tyre factory
Having rejected earlier plans for a new tyre factory in Malaysia, Prinx Chengshan has invested 170.6 million yuan (£19.464 million) in buying at least 433,600 square metres of land in at Tambon Nong Suea Chang, Amphur Nong Yai, and Tambon Klong-Kew, Amphur Ban-Bung, Chonburi province in Thailand. According to stock exchange filings dated 25 December 2018, the deal comprises “several plots of land” and will be funded by the company’s recent global share offering.
Prinx Chengshan the only HKEX-listed tyremaker at Tire+
Based in the city of Guangzhou, the Guangzhou International Automobile Exhibition is particularly close to the Chinese off-shore territories of Hong Kong and Macau. Still, despite the show’s proximity to such personal and corporate wealth, Prinx Chengshan unique inasmuch as it was the only Hong Kong stock exchange (HKEX) listed tyre manufacturer at the show.
US market receives first Magna OTR tyre production from Thailand
One way of avoiding anti-dumping duties applicable to tyres imported from China is not to import tyres from China. This is what Magna Tyre Group is now doing in the USA – the company is meeting increased demand for OTR tyres in this market by expanding its production capacity in Thailand. Tyres made in this facility, comments Magna, are don’t attract tariffs in the USA and thus offer the opportunity for the company to “massively increase our presence on American market.”
Jiangsu General investing US$300 million in Thailand tyre plant
Jiangsu General Science Technology Co. Ltd. is set to invest around US$300 million in the construction of a tyre manufacturing facility in Thailand. The news follows earlier reports published in the Spring that Jiangsu General was considering Cambodia for the investment.
Drivus: truck versatility and Firenza style
Singapore-based Firenza’s truck and bus tyres are manufactured manufacturing facilities in both Vietnam and Thailand which incorporate “the very latest technological advancements in tyre building technology and design”, according to the company. All Firenza commercial tyre patterns include a solid shoulder construction complete with a zero angled steel band that is designed to significantly reduce irregular wear whilst a unique tread groove arrangement effectively safeguards against casing damage and stone retention.
Blackcircles launches Thai site
Well-known online tyre retail business Blackcircles has launched a website in Thailand. The business, which entrepreneur Mike Welch OBE founded at the turn of the millennium and sold to Michelin for £50 million in 2015, can be found at blackcircles.co.th.
Linglong Tire, Kasikornbank enter collaborative agreement
Starting with its very first loan, Linglong International Tire (Thailand) Co. Ltd. (LLIT) has cooperated closely with Thai banking group Kasikornbank over a number of years. The Linglong Tire subsidiary has now entered into an agreement with Kasikornbank that paves the way for the tyre maker’s continued expansion in Thailand.
Al-Dobowi celebrates founder’s 70th with book and all-season tyre launch
During the recent Tire Cologne exhibition Tyres & Accessories met with Al-Dobowi founder and chairman Surender Kandhari and son and vice-chairman Jasjeev Kandhari. We even heard a little about Kandhari senior’s latest project – a book.
Chinese tyre makers off-shoring in Southeast Asia
At the end of May, anti-Chinese truck tyre tariffs were implemented. They included nominal (as opposed to percentage) tariffs at levels that surprised many. As a result, supply shortages and challenges at distributors were predicted. Shuttering of some of the lowest cost Chinese tyremakers is also expected. However, speaking to affected firms during the recent Tire Cologne reveals that many are already prepared to source tyres elsewhere. Indeed, the largest manufacturers have been off-shoring for some time. As a result, virtually all the leading Chinese tyre manufacturers already have non-Chinese tyre production in place. Let’s take a look at who’s got what.
Stamford shows Thailand and Vietnam-produced tyres in Cologne
Contract tyre supplier Firenza showcased five of the firm’s most popular ranges from car through to truck tyres.