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Nokian Tyres breaks ground on Romania factory

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Valokuvaaja/Nokian Tyres

Nokian Tyres has initiated work on its Oradea, Romania passenger car tyre factory, billed as the tyre industry’s first zero CO2 emission plant. An event marking the groundbreaking was attended by the Prime Minister of Romania, Nicolae Ciucă. The President of the Bihor County Council, Ilie Bolojan, and other high-level Romanian and Finnish officials also participated along with the chair of Nokian Tyres’s board of directors Jukka Hienonen. The first tyres are estimated to be produced in the second half of 2024. Commercial tyre production is expected to start in early 2025.

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  2. Serbia open for business
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Jiangsu General to build joint-venture tyre factory in Baotou, Inner Mongolia

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On 5 May, Jiangsu General announced plans to build a tyre plant in Baotou City, Inner Mongolia, China. The total investment is about 1.51 billion yuan (about £170 million; €200 million). After completion, it will produce 1.2 million all-steel radial truck tyres and 100,000 OTR tyres per year. Jiangsu General says it is “the first modern tyre factory in Baotou City”.

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  1. Jiangsu General investing US$300 million in Thailand tyre plant
  2. Prinx Chengshan invests £19 million in purchasing land for new Thailand tyre factory
  3. Seyoun Tire’s 3.2 million tyre factory project gets underway
  4. China’s GS Tire raises Cambodia investment to $300 million
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Sentury Tire Spain factory still set to start construction in 2023

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Las Pontes Council

While Sentury recently confirmed it is investing in a factory across the Mediterranean in Morocco, on 27 March 2023 officials once again confirmed that the Spain factory is set to begin construction this year. In addition, at the same time, executives agreed to prioritise the employment of ex-Endesa workers when the local power station closes. Indeed, the mayor of Las Pontes, Valentín González Formoso, and Qin Long, president of Sentury Tire, signed an agreement to that effect.

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  1. Sentury working to speed up Spanish factory construction
  2. Wind powered Sentury Spain tyre factory on-track
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  4. Sentury CEO and ‘number two’ running Spain factory project
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First tyre rolls off Jiangsu General Cambodian factory production line

Jiangsu General

On 18 March Jiangsu General’s Cambodian factory produced its first tyre, which means the tyre maker’s second overseas factory is now ramping up its production capacity. Jiangsu General said that the products of the Cambodian plant are mainly produced under the Celimo brand and are sold in the United States, Europe and Brazil.

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  1. China’s GS Tire raises Cambodia investment to $300 million
  2. Jiangsu General investing US$300 million in Thailand tyre plant
  3. BFGoodrich plant layoffs announced
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Sold: Tatneft pays 285 million euros for Nokian Tyres’ Russian operations

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Nokian Tyres

Nokian Tyres reports that it has received the sale price of 285 million euros from PJSC Tatneft for the sale of its operations in Russia. The total permissible transaction price defined by the Russian Governmental Commission was 23,050 million rubles. Now there are just “registration formalities” before the transaction completes and Nokian Tyres’ operations in Russia therefore end.

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  1. Nokian sells its Russian tyre operation to Tatneft for 400 million euros
  2. Nokian Tyres: “substantial uncertainties” relating to timing of Tatneft deal closure
  3. No Russia clarity for Nokian Tyres
  4. Tatneft paying just 286 million euros for Nokian Tyres Russian assets
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Linglong moves Anhui factory address

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Linglong

On 30 December Linglong announced that it would adjust the construction of its seventh production base in China. The construction location of the project was changed from Lujiang, Anhui, to Lu’an, Anhui. At the same time, the tyre manufacturer’s Lu’an factory is preparing to build a project with an annual output of 14 million sets of high-performance radial tyres and a project to regenerate via retreading and material recovery 30,000 tons of waste tyres. In the original design, Linglong’s seventh factory in China was intended to have an annual production capacity of 14.6 million sets of radial tyres.

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Toyo Serbia hailed as new “global production base”

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Toyo

Following the news that Toyo Tire officially opened its Serbia tyre production plant on 14 December 2022, details of the speeches given by Toyo Tire president and CEO Takashi Shimizu as well as Republic of Serbia president Aleksandar Vučić have been revealed.

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£200m Xingda Thailand factory phase II confirmed

Xingda Steel Tyre Cord

On October 3, the Thailand factory of Jiangsu Xingda Steel Tyre Cord Co and Rojana Industrial Park Public Co held a land signing ceremony. It is reported that after seven months of planning, site selection and communication, the steel tyre cord factory finally decided to place Phase II in the Bowin Industrial Park in Chonburi Province, managed by Rojana.

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Cheng Shin Factory punished for exhaust emissions

Xiamen Haicang Ecological Environment Bureau

On 7 September, an administrative penalty decision issued by Xiamen’s environmental protection department showed that Cheng Shin Tire (Xiamen) Co., Ltd was fined 23,857 yuan for an exhaust gas problem.

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Aeolus relocates former Double Happiness tyre factory

Aeolus

Progress has been made in the relocation of Aeolus’s Qingxu County, Taiyuan City, China tyre factory. Specifically, the Qingxu county government has already determined the factory’s new address. A few days ago, the relevant departments invited a design team to inspect the factory’s new location and discuss the relocation project’s design plan. At present, the design unit is preparing a feasibility proposal.

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Sailun Dongjiakou factory construction underway

Screenshot from local media coverage

On 20 July 2022, the launch ceremony of the Advanced Polymer and Metal Materials Industrial Park in Qingdao City, Shandong Province was held. Tyrepress noted that among the seven projects that started construction, the Functional New Material Industrial Park belonging to the National Engineering Research Center for Rubber and Tire (NECRAT) was included.

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Sentury working to speed up Spanish factory construction

Sentury is in the process of declaring its Spanish factory plans as a strategic industrial project with the government of Garcia, Spain. The tyre maker hopes that its plant in the As Pontes region of Garcia will be able to use this method to obtain fast-track approvals to speed up the entire project’s construction.

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  2. MRF to increase tyre production capacity – reports
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Sailun investing in 8th tyre factory

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Sailun

On 24 June 2022 Sailun decided to invest 15.18 billion yuan in building a new tyre factory in Dongjiakou, West Coast New District, Qingdao City, Shandong Province. The planned annual production capacity is 20 million sets of semi-steel radial tyres, 10 million sets of all-steel radial tyres and 150,000 tons of OTR tyres. At present, the Sailun board of directors has passed this investment proposal.

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  1. Georgia selected as location for $500 million Sentury Tire US factory
  2. Prinx Chengshan invests £19 million in purchasing land for new Thailand tyre factory
  3. Linglong investing in new Tongchuan City, China tyre factory
  4. Why Doublestar’s Kumho purchase is a good idea
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Yokohama gearing up for European tyre factory

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In October, Yokohama announced that the company had appointed ex-Pirelli and ex-Prometeon executive Gregorio Borgo as its European president. Roughly nine months later, there are a number of indications that the European business is entering a new chapter, which includes plans to invest in the construction of a factory “in the heart of Europe”.

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  1. Sentury Tire joins the Shenzen Stock Exchange
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