![Sentury Morocco factory starts construction, annual tyre production capacity increased by 6 million](https://www.tyrepress.com/wp-content/uploads/2023/10/森麒麟.jpg)
Sentury Morocco factory starts construction, annual tyre production capacity increased by 6 million
On 21 October, Sentury said it had officially started constructing its tyre factory in Morocco. On 25 October, the tyremaker said it would add $193 million to its Morocco plant for 6 million semi-radial tyre production capacity. Sentury classified the additional investment as the second phase of the Moroccan tyre factory project. In other words, the total investment in Sentury’s Morocco factory has become US$490 million. After both projects are put into production, it will be able to produce 12 million semi-steel radial tyres annually.
Continue Reading![Long March Pakistan factory begins Phase 2 construction](https://www.tyrepress.com/wp-content/uploads/2023/10/Pakistan-Long-March.jpg)
Long March Pakistan factory begins Phase 2 construction
Tyrepress China has learned that the second phase of the Pakistan tyre factory Service Long March (SLM) will be completed and put into production before the end of 2024. The factory is a joint venture between Chaoyang Long March and Pakistan-based Service Industries Limited. Information shows that the total investment in the SLM factory is US$250 million, with Chaoyang Long March accounting for 44 per cent.
Continue Reading![Moveero doubles Estherville large wheel production within wider growth plans](https://www.tyrepress.com/wp-content/uploads/2023/10/US-investment-plans-underpin-moveeros-growth-scaled.jpg)
Moveero doubles Estherville large wheel production within wider growth plans
moveero runs two manufacturing plants in Europe and four in the US, backed by “market-leading plants at Armstrong and Estherville in Iowa and at Wichita, as well as a Research, Development and Testing Center at Woodridge”. Around 18 months ago, the company went through a period of “quite dramatic and rapid change”. Along with a new business name, moveero also introduced a new mission and vision, all of which marked the start of a new chapter in its evolution. Now, work is underway on a new, fully automated weld cell at the company’s Estherville wheel plant, as a result of which, the company will double its production capacity of large wheels, up to 50” diameter for the agriculture sector.
Continue Reading![Nexen Tire extends USA sports advertising](https://www.tyrepress.com/wp-content/uploads/2023/10/Nexen-sport-sml.jpg)
Nexen Tire extends USA sports advertising
An extension to Nexen Tire’s sports advertising in the USA commences today. Visitors to NBA games will see the Nexen Tire logo courtside and on television from 24 October, and this will be followed by brand placement at the NCAA from November 2023 and with a selection of MLB teams from March 2024.
Continue Reading![Michelin in Germany – up to 1,500 jobs affected](https://www.tyrepress.com/wp-content/uploads/2023/10/Michelin-Karlsruhe.jpg)
Michelin in Germany – up to 1,500 jobs affected
Workers union the IGBCE has responded to Michelin’s “downsizing plans” in Germany – and as expected it isn’t thrilled. Matthias Hille, head of the union’s activities in the Mainz region and a member of the Michelin Deutschland Supervisory Board, comments that IGBCE “cannot at all comprehend the proposed cutbacks” and promises that these will “meet with our resistance.”
Continue Reading![KraussMaffei completes renewal of production footprint](https://www.tyrepress.com/wp-content/uploads/2023/10/KraussMaffei-Parsdorf-sml.jpg)
KraussMaffei completes renewal of production footprint
With the opening of its new headquarters, KraussMaffei has completed the last and largest of four relocation projects. Since 2018, the company – whose production portfolio includes tyre production systems and extruders – has invested approximately 200 million euros in four new plants in Germany and China.
Continue Reading![USA growth – TVS Srichakra acquiring off-highway specialist Super Grip](https://www.tyrepress.com/wp-content/uploads/2023/10/SuperGrip.jpg)
USA growth – TVS Srichakra acquiring off-highway specialist Super Grip
TVS Srichakra Ltd. intends to expand its commercial activities in the USA and will drive growth in this market by acquiring the business of Super Grip Corporation. A legal entity for this purpose, SG Acquisition Corporation, was registered in the state of Michigan on 5 September 2023, and the Indian tyre maker’s Board of Directors authorised an overseas direct investment of US$10 million on 20 October 2023.
Continue Reading![China’s tyre export data fell month-on-month in September](https://www.tyrepress.com/wp-content/uploads/2023/10/China-stats-e1698058146689.png)
China’s tyre export data fell month-on-month in September
In September 2023, China’s tyre export data increased significantly year-on-year. However, as in the previous year, the absolute volume of exports fell back after experiencing a peak in July and August. Nevertheless, the decline in data in September this year was smaller than last year.
Continue Reading![UK tyre dealers visit Ascenso tyre factory in India](https://www.tyrepress.com/wp-content/uploads/2023/10/UK-Ascenso-Dealers-visit-India-03.jpeg)
UK tyre dealers visit Ascenso tyre factory in India
UK distributor for Ascenso Tyres, BAB Distribution – part of the Bush Tyres group – recently took key Ascenso dealer partners North Devon Tyres and Redpath Tyres to India to visit the Ascenso factory and offices in Bharuch and Mumbai.
Continue Reading![Tarsus cancels Tyrexpo Americas 2023 due to Mexican anti-dumping laws](https://www.tyrepress.com/wp-content/uploads/2023/10/22-tyre-expo-2.jpg)
Tarsus cancels Tyrexpo Americas 2023 due to Mexican anti-dumping laws
Tarsus Group has cancelled its Tyrexpo Americas 2023 Show, which was scheduled to be held in Mexico City from 5-7 December as a result of recently-introduced anti-dumping legislation brought in by the Mexican Government.
Continue Reading![Battery-free TPMS – SRI reports on research partnership](https://www.tyrepress.com/wp-content/uploads/2023/10/SRI-power-generation.jpg)
Battery-free TPMS – SRI reports on research partnership
Sumitomo Rubber Industries, Ltd. (SRI) is collaborating on a project to eliminate batteries in TPMS and similar devices by replacing these with electricity generated through tyre rotation. Reporting on the progress of its work with Professor Hiroshi Tani of Kansai University in Japan, the Falken brand manufacturer says the partners have successfully generated stable electricity over a wide range of speeds by employing two types of generating devices.
Continue Reading![Continental a Mercedes-Benz preferred partner in Asia Pacific](https://www.tyrepress.com/wp-content/uploads/2023/10/continental-pp-partnermb_2-sml.jpg)
Continental a Mercedes-Benz preferred partner in Asia Pacific
Mercedes-Benz has awarded Continental preferred tyre partner status in China, Australia, Malaysia, and Indonesia. This takes effect immediately and is valid until August 2025. Furthermore, Mercedes-Benz has extended its existing partnership with Continental in the Indian market until August 2024.
Continue Reading![Michelin investing to reduce water consumption](https://www.tyrepress.com/wp-content/uploads/2023/10/Michelin-Gravanches.png)
Michelin investing to reduce water consumption
An investment of three million euros will enable the Michelin tyre plant in Gravanches, France to reduce its water extraction by 60 per cent. The company will erect an adiabatic tower that keeps water in a closed circuit, saving around 10,000 cubic metres of water a year – the equivalent of four Olympic-sized pools.
Continue Reading![Uncertain future for 3 Michelin plants in Germany](https://www.tyrepress.com/wp-content/uploads/2023/10/Michelin-Homburg.jpg)
Uncertain future for 3 Michelin plants in Germany
According to information from our sister publication in Germany that has since been confirmed by Michelin, yesterday the tyre maker informed employees that it has initiated talks with the works councils and employee unions at its sites in Karlsruhe, Trier and Homburg. Whether Michelin intends to streamline its operations at these locations or close them entirely is not yet known.
Continue Reading![Hankook planning Romanian subsidiary](https://www.tyrepress.com/wp-content/uploads/2023/08/Hankook-placeholder-1.jpg)
Hankook planning Romanian subsidiary
According to local media, Hankook Tire & Technology is gearing up to establish its own subsidiary in Romania in order to end its reliance upon third-party distributors in this market.
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