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Kumho Tire announces 36% expansion for Vietnam plant

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At a meeting with local government officials on 13 November, Kim Hyun Ho, General Director of Kumho Tire Vietnam, informed that the Kumho Tire subsidiary intends to invest US$300 million to increase the plant’s passenger car and light truck tyre production capacity by 4.5 million units a year, to a total annual capacity of 17 million tyres. This 36 per cent capacity increase, phase 3 of expansion at the 2007-opened plant in Binh Duong Province, will bring total investment in the facility to $908 million.

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Related news:

  1. Sailun delays Vietnam plant expansion
  2. USA capacity increase complements doubling of Kumho’s Vietnam output
  3. 50% more tyres: Sumitomo Rubber USA expanding plant
  4. Petlas invests $360m in new tyre production facility
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Trelleborg Tires lifts USA agri production capacity by 20%

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North America’s agricultural tyre market was valued at over US$930 million last year but is projected to reach $1.3 billion by 2030, Trelleborg Tires tells us. The tyre maker has maintained a production presence in this, the world’s largest agricultural market, since 2015. It has now announced a significant capacity increase at the 40,000 square metre Spartanburg, South Carolina plant.

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Related news:

  1. Trelleborg Wheel Systems outlines route to global agricultural tyre leadership
  2. First Trelleborg agricultural tyre manufactured in North America
  3. Official opening for Trelleborg’s US tyre plant
  4. Bridgestone breaks ground on $550 million truck tyre project
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JK Tyre investing in additional production capacities

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During a recent earnings call, JK Tyre & Industries’ managing director, Anshuman Singhania, shared that the company is investing Rs 14 billion (£131.76 million) to increase its production capacities for TBR, PCR and ASLTR (all-steel light truck radial) tyres. He commented that these projects are “under implementation and progressing well.”

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Related news:

  1. Anaj Kathuria to lead JK Tyre’s India business
  2. IFC takes 5.6% share in JK Tyre
  3. JK Tyre boosting car tyre capacity by 3 million units
  4. India’s ATMA appoints new chairman, vice chairman
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Sailun delays Vietnam plant expansion

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Sailun Group has revised the timetable for expanding production at its factory in Vietnam. Instead of commencing operations by March 2024, the tyre maker now intends to add a further three million semi-steel radials, one million all-steel radials and 50,000 tonnes of off-highway tyres to its annual capacities by March 2025.

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Related news:

  1. Sailun ups Cambodia expansion to 12 million tyres
  2. Sailun Group extends capacity expansion project
  3. Up to 49” – Sailun upgrading OTR tyre production
  4. Sailun’s Vietnam plant begins rubber track production
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Titan International completes plant upgrade

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Completion of a major upgrade to its Des Moines facility in the USA gives Titan International greater plant capacity. The company invested US$2 million in the expansion project, which includes the addition of two new 104-inch curing tyre presses that will accommodate the recently expanded AgraEDGE tyre line.

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Related news:

  1. ‘Supporting the food industry’ – Titan International’s tyre plants stay open
  2. Titan International in a “great position” despite impending recession, says Taylor
  3. Global situation giving Titan International its ‘best’ future
  4. Titan’s Paul Reitz an EY Entrepreneur Of The Year
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Sailun ups Cambodia expansion to 12 million tyres

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Following on from an October 2023 announcement that it will extend annual passenger and light commercial vehicle tyre capacity in Cambodia by 6 million pieces, Sailun Group has approved additional investment in its plant. It will invest a further RMB 773.69 million (£85.05 million) to expand the capacity expansion project from 6 million to 12 million tyres a year. In total, Sailun is investing RMB 2.25 billion (£247.33 million) in its Cart Tire Co. Ltd. project, which will result in a facility capable of making 21 million semi-steel radial tyres a year.

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Related news:

  1. 9 million tyres a year – Sailun approves expanded plans for Cambodia factory
  2. Sailun Group extends capacity expansion project
  3. Sailun approves Cambodia TBR project
  4. Up to 49” – Sailun upgrading OTR tyre production
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ZC Rubber increasing Yonggu rubber track capacity

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ZC Rubber subsidiary Yonggu is expanding its capacity to produce rubber tracks and other rubber products. On the site of the former Hangzhou Taihong Rubber Track plant in Jiande, in China’s Zhejiang Province, Zhongce Yonggu Rubber (Jiande) Co. will establish a facility that will ultimately have a capacity to make 1 million tracks a year.

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Related news:

  1. ZC Rubber shares double digit output growth plans at African dealer meeting
  2. Zhongce Rubber Group acquires Tianli OTR, agricultural tyre manufacturer
  3. 6.5 million all-steel radials a year: Assessment for ZC Rubber’s proposed factory
  4. EC provisionally reduces Chinese truck tyre tariffs to €38.87 for most manufacturers
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Hankook adding truck & bus tyre production to European plant

With an investment of KRW 758.95 billion (£466.12 million), Hankook Tire & Technology will add truck and bus radial production to its site in Rácalmás, Hungary. The company expects the new production line to be completed by 2027, with an initial capacity to produce around 800,000 tyres annually. The expansion will create approximately 450 new jobs.

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Related news:

  1. Hankook Tire postpones Hungary truck tyre plant
  2. Hankook adding truck tyre production to European plant
  3. Hankook Tire invests in e-commerce platform Carmerce
  4. Ceat boosting TBR capacity to meet international growth ahead of US launch
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Guizhou Tyre increasing solid tyre capacity

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Another investment for China’s Guizhou Tyre. Only a couple of months after announcing plans to lift its Zhazuo factory’s annual OTR tyre capacity by 380,000 pieces and increase investment in its plant in Vietnam by US$58.08 million, the company says it will also invest RMB 300 million (£33.5 million) in a new solid tyre product at the Zhazuo site.

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Related news:

  1. Guizhou Tyre expands industrial tyres’ production
  2. Guizhou Tyre terminates ‘all-steel tyre project’
  3. Alliance Tire Buys GPX Assets
  4. Conti testing Gordonind solid tyre press
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Sailun Cambodia plant increases tyre production capacity by 6 million units

On 30 October, Sailun stated that it plans to invest 1.47 billion yuan (approximately £170 million; €190 million) to build a semi-steel radial tyre project in Cambodia with an annual output of 6 million units. According to the tyre manufacturer, as the competitiveness of tyre products at Cambodian factories has continued to improve in recent years, existing production capacity can no longer meet existing customer orders. It is reported that the newly added semi-steel radial tyre products will be mainly targeted at overseas markets such as North America.

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Related news:

  1. Sailun’s Cambodia factory begins tyre production
  2. Sailun bond issuance application approved
  3. Hangzhou Zhongce confirms Thai factory reports
  4. Rebuilding Sailun: Multi-billion dollar plans for new tyre and materials factories analysed
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Bridgestone breaks ground on $550 million truck tyre project

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On Wednesday, Bridgestone Americas held a groundbreaking ceremony for the expansion of one of its truck and bus tyre plants in the USA. An investment of US$550 million will increase the footprint of the Warren County, Tennessee factory by 850,000 square feet (79,000 square metres) and lift production capacity while adding 380 jobs to the plant’s workforce. Bridgestone will also equip the plant for producing tyres featuring Enliten technology.

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Related news:

  1. USA: Bridgestone investing $550 million in TBR production
  2. Bridgestone Americas expands leadership roles
  3. Bridgestone boosts fleet portfolio with Azuga acquisition
  4. Bridgestone & LanzaTech partner on ELT solutions
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Nokian Tyres boosts USA plant workforce by 125

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When announcing expansion plans for its North American plant in January 2023, Nokian Tyres said it would increase the workforce to 475 by hiring 75 new employees. The company has now completed the recruitment process, having hired 125 new workers for the Dayton, Tennessee factory as part of plans to double production at the facility by 2024.

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Related news:

  1. Nokian Tyres’ US plant on track for 2020 start
  2. Nokian Tyres opens USA factory
  3. Nokian Tyres temporarily closes US and Russian factories
  4. Nokian Tyres back at work in the USA
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USA: Groundbreaking held for Bandag Abilene plant expansion

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On 16 May, Bridgestone Americas held a groundbreaking ceremony to mark the start of work to expand its Bridgestone Bandag, LLC manufacturing plant in Abilene, Texas. The US$60 million project will increase the facility’s floorspace by 50,000 square feet and meet growing demand for the company’s tread rubber products, with operations at the expanded plant scheduled to fun on six and seven-day production schedules.

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Related news:

  1. Galgo Pre-Q gains US SmartWay accreditation
  2. Bridgestone expanding Abilene, USA Bandag plant
  3. Bandag: Robust growth in North America
  4. Bridgestone expanding truck/bus tyre capacity at Warren County, USA plant
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Petlas invests $360m in new tyre production facility

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Petlas

Petlas will invest $360 million in the construction of a new light vehicle tyre production facility adjacent to the Turkish company’s existing plant in Kırşehir. The new production line will produce 100,000 tons of tyres for passenger cars and light commercial vehicles, increasing the manufacturer’s total capacity by 42 per cent, reaching 340,000 tons. It will create around 1,850 new roles. Petlas expects to break ground on the new factory in 2023, with completion slated for 2024-25.

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Related news:

  1. Petlas completes sorting system investment
  2. European car tyre imports rise despite apparent risks of offshoring production
  3. Pyramids Tires: $350 million Egyptian factory begins manufacturing
  4. $250 million Ferentino tyre factory opens in Sri Lanka
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VMI opens extended Poland tyre manufacturing machinery factory

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VMI

VMI is celebrating the opening of three new assembly halls at its manufacturing site in Leszno, Poland. This brings VMI’s total available floor space in Poland to almost 30,000 square meters. The expansion of the VMI operation, which is part of technology company TKH, follows a number of years of strong growth in VMI’s core tyre and pharmaceutical business.

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Related news:

  1. VMI breaks ground on Poland plant
  2. VMI opens factory in Poland
  3. ‘Growing’ VMI opens new South America headquarters
  4. VMI Extrusion relocates to Cham, Germany facility
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