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You are here: Home1 / Vietnam

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Cheng Shin launching 40 million tyre capacity expansion in China

International News
Cheng Shin

Luo Yongli, deputy general manager of the company, recently told a briefing that he is optimistic about the operation of Cheng Shin in 2023. In the past, Cheng Shin has reportedly significantly reduced capital expenditures to combat adversity in the operating environment. But with the overall situation expected to improve, the tyre maker will start expanding production capacity, including launching a 40 million tyre capacity expansion plan at factories in mainland China.

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Related news:

  1. Maxxis re-appoints Dr Wally Chen as chairman
  2. Thailand woos global tyre manufacturers
  3. Report: Carbon black manufacturing is moving to China and India
  4. Maxxis/Cheng Shin investing $500 million in tyre factory construction and expansion
6th January 2023/by Xuda Wang

Kumho Vietnam expansion enters trial operation stage

International News
Kumho

The expansion project of Kumho’s Vietnam plant has entered the final stage. It is reported that all administrative procedures related to the trial operation of the expansion project have been completed.

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Related news:

  1. New Tyre Cord Factory Earmarked for Vietnam
  2. Kumho Vietnamese Plant – Latest
  3. New Sailun Vietnam tyre factory on line, employing 850
  4. China’s GS Tire raises Cambodia investment to $300 million
9th November 2022/by Xuda Wang

Guizhou (Advance) Tyre plans to expand EU sales

International News
Online investor Q&A

On 14 October, Guizhou Tyre (also known as Advance Tyre) answered several questions from investors during an online T&A. Tyrepress has analysed the questions and presents a selection of Guizhou Tyre’s answers here.

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Related news:

  1. Guizhou Tire begins $350 million construction project on two China factories
  2. Guizhou Tyre raises 1 billion yuan for Vietnam tyre factory in private share issue
  3. Guizhou Tyre Vietnam plant officially put into operation
  4. Guizhou Tyre reports increased production and sales
18th October 2022/by Chris

Sailun bond issuance application approved

Company News, International News
Sailun

The China Securities Regulatory Commission reviewed and approved Sailun’s convertible bond public issuance application on 13 September. The tyre company plans to raise about 2 billion yuan (about 250.2 million pounds, 286.3 million euros), mainly for constructing two factories in Vietnam and Cambodia. Sailun said that investing in two overseas factories could further expand its tyre production capacity overseas and increase its manufacturing scale and market share.

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Related news:

  1. Jiangsu General raises funds for Cambodia factory
  2. Pirelli and Hixih move closer together
  3. Guizhou Tyre raises 1 billion yuan for Vietnam tyre factory in private share issue
  4. Sailun: 7 million tyres sold in Europe and counting
22nd September 2022/by Chris

Hämmerling expands its Samson tyre range

International News, Product News
Hammerling

Hämmerling – The Tyre Company GmbH, a tyre wholesaler based in Paderborn, Germany and active throughout Europe, with its own Athos, Talas and Sämm tyre, is expanding its Samson product line-up to include a wide range of truck and bus tyres.

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Related news:

  1. Vietnam factory: Guizhou Tyre establishes subsidiary
  2. Guizhou Tire begins $350 million construction project on two China factories
  3. Guizhou Tyre reports increased production and sales
  4. Stamford shows Thailand and Vietnam-produced tyres in Cologne
1st September 2022/by Chris

Guizhou Tyre reports increased production and sales

International News

On 31 August, Guizhou Tyre released its semi-annual report. In the year’s first half, Guizhou Tyre produced 3.7005 million tyres, a year-on-year increase of 3.53 per cent, and sold 3.4447 million tyres, a rise of 1.07 per cent. During the same period, the tyre company’s revenue reached 3.949 billion yuan (about £490 million, 570 million euros), an increase of 13.16 per cent, and achieved a net profit of 160 million yuan (about £19.86 million, 23.12 million euros).

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Related news:

  1. Guizhou Tire begins $350 million construction project on two China factories
  2. Shandong Yinbao Tyre Group Spreads Its Wings
  3. For Yinbao Tyre, imitation is the highest form of flattery
  4. Triangle and Goodyear in ‘long-term cooperation’
31st August 2022/by Xuda Wang

Wanli planning to build Vietnam tyre factory

International News
Wanli Tire

Wanli Tire reports that company representatives have visited overseas factory sites and completed a draft report based on the inspections. Wanli deputy general manager Hu Yongfang announced at the summary meeting for the first half of 2022 that Wanli will strive to complete the establishment of an overseas factory project by the end of 2022.

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Related news:

  1. Guizhou Tire begins $350 million construction project on two China factories
  2. Vietnam Rubber Group to expand tyre and tube production
  3. Jinyu: Further international tyre factories on the agenda
  4. Guizhou Tire Vietnam factory completes first phase
22nd August 2022/by Chris

Guizhou Tyre Vietnam plant officially put into operation

International News
Guizhou Tyre

Guizhou Tyre Vietnam plant’s first-phase project has officially begun operation with an annual output of 1.2 million all-steel radial tyres. This equates to between 2500 and 2800 units and the products are mainly sold to the United States, Europe and other regions that have implemented anti-dumping and anti-subsidy investigations on Chinese tyres or imposed special tariffs. The tyre maker said that the first-phase project’s production and sales are still in the ramp-up stage.

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Related news:

  1. Guizhou Tire begins $350 million construction project on two China factories
  2. Guizhou/Advance Tyre release further Vietnam factory plans
  3. DOC reduces Guizhou Tyre duty rate
  4. Vietnam-based tyremakers could be “cleared” by US anti-dumping investigation
5th July 2022/by Xuda Wang

EcoPoint3 arrives in Maxam solid tyre range

Product News

Maxam Tire has brought its EcoPoint3 technology to the material handling sector with the introduction of the MS600 press-on solid tyre. The Sailun Group specialty tyre business considers the use of this new rubber compounding technology a transformative step that provides an “unrivalled solution” for users of forklift tyres.

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Related news:

  1. Martin West leaves Maxam Tire International – Troy Kline named successor
  2. New Maxam tyres for port applications
  3. Maxam introduces MS709 telehandler tyre
  4. Maxam Tire opens new solid tyre factory in Vietnam
22nd June 2022/by Stephen

Bridgestone amongst top 10 Sustainable Development Enterprises in Vietnam

International News
Bridgestone

In mid-December Bridgestone was named amongst the Top 10 Sustainable Development Enterprises in Vietnam. This is the fifth year Bridgestone Vietnam has been named in the Top 100 and is the only tyre industry representative on the list, according to local news reports. The list is compiled by Business Council for Sustainable Development Vietnam. (VBCSD) under the auspices of the Vietnam Chamber of Commerce and Industry (VCCI).

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Related news:

  1. Bridgestone Vietnam wins Best Supplier award from Toyota Motor Vietnam
  2. Bridgestone holds annual TQM conference
  3. Bridgestone honoured for investments in Poland
  4. Bridgestone a treble Honda environmental awardee
21st December 2021/by Chris

Bridgestone Vietnam wins Best Supplier award from Toyota Motor Vietnam

International News
Vietnam Business Forum

Recently, Bridgestone Vietnam Tire Trading Co., Ltd and Bridgestone Tire Manufacturing Vietnam Co., Ltd (Bridgestone Vietnam) received the Best Supplier award in 2020 at the Toyota Motor Vietnam (Toyota Vietnam) annual conference.

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Related news:

  1. Toyota awards Bridgestone for Asia Pacific supply performance
  2. GM acknowledges quality at three Bridgestone plants
  3. 6 tyre manufacturers among GM supplier award winners
  4. Honda presents Bridgestone with supplier award
2nd November 2021/by Chris

Jinyu: Further international tyre factories on the agenda

Company News, International News
Jinyu Tire

With an increasing number of countries and regional groupings implementing anti-dumping and countervailing policies against Chinese-produced, Chinese tyremakers are describing the situation as “not optimistic”. However, facing the harsh international trade environment head-on, Jinyu Tire reports that it has a number of solutions for the current market problems.

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Related news:

  1. Guizhou Tire begins $350 million construction project on two China factories
  2. Guizhou Tire Vietnam factory completes first phase
  3. Sailun confirms Jinyu and Shenyang double acquisition
  4. Serbia open for business
27th July 2021/by Chris

USA to introduce antidumping, countervailing orders on PLT tyres from 4 countries

International News

The United States International Trade Commission (USITC) has determined that passenger vehicle and light truck (PLT) tyres imported from Korea, Taiwan, and Thailand are being sold in the USA at prices that materially injure the local tyre industry. In addition, the U.S. Department of Commerce has determined that Vietnam’s government is subsidising PLT tyres that are then sold in the USA at “less than fair value.”

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Related news:

  1. USA approves anti-dumping duties on tyres from 4 countries
  2. USA retains duties on PLT tyres
  3. US sets antidumping duties for Chinese tyres
  4. USA: No antidumping and countervailing duties on Chinese truck & bus tyres
28th June 2021/by Stephen

USA capacity increase complements doubling of Kumho’s Vietnam output

International News

Kumho Tire has shared further details of the planned production capacity increase at its facility in Vietnam, as well as news of an associated project in the USA. The tyre maker says the US$305 million investment will double capacity at the Binh Duong Province site by 2023. This means that annual output should reach at least 9.3 million tyres per annum by that time. As previously stated, the project will commence in the third quarter of this year and run until the early part of 2023.

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Related news:

  1. Kumho continues Lakers basketball sponsorship
  2. Kumho supplies new Dodge Viper ACR with bespoke Ecsta V720 UHP tyre
  3. Kumho’s US plant nearing completion
  4. Kumho Tire lands third set of design awards in as many months
20th April 2021/by Stephen

Guizhou Tire Vietnam factory completes first phase

News
Guizhou Tyre

The first batch of radial truck tyres rolled off the production line at Guizhou Tire Co Ltd’s Vietnam plant on 1 April 2021, marking the completion of the first phase of the factory project. When Guizhou Tire’s Vietnam tyre factory, which was funded through a share issue in September last year, gets up to speed it will produce 1.2 million radial tyres a year.

Read more

Related news:

  1. Guizhou Tire begins $350 million construction project on two China factories
  2. Growing Demand Prompts Early Start of Bridgestone Kitakyushu Expansion
  3. Hangzhou Zhongce confirms Thai factory reports
  4. Prinx Chengshan invests £19 million in purchasing land for new Thailand tyre factory
20th April 2021/by Chris
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