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.
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.
The tyre plant built in Uzbekistan by Uzkimyosanoat State Joint Stock Company and partners, with technical assistance from Linglong Tire is complete, and Linglong says it is now focused on appointing a product technical team and working towards helping the plant achieve its production goal of 3 million passenger car radials and 200,000 cross-ply agricultural tyres per annum.
Shandong Linglong Tire Co. Ltd. has laid the foundation stone for its fourth Chinese factory. The event, held 6 July ran in parallel with Linglong Tire’s “global partners” conference.
The new plant is in addition to Linglong’s existing Zhaoyuan, Dezhou and Liuzhou factories. Linglong is building the fourth plant at a 223-acre site in the city of Jingmen in Hubei province.
GRI held the grand opening of its agriculture, construction and pneumatic material handling tyre factory in Sri Lanka on 25 January with the country’s president, Maithripala Sirisena as the company’s chief guest.
North Carolina’s Edgecombe County will build a manufacturing training centre at Kingsboro to provide a trained workforce for Triangle, as part of its agreement with Chinese tyre manufacturer.
Triangle Tire’s decision to build its North American manufacturing facility in North Carolina was helped by the offer of $152 million in state and local financial enticements, state officials announced December 19. The company will receive $66 million in state incentives and $86 million from Edgecombe County. The two-phase project is expected to be complete by 2023.
The Ronal Group, a leading manufacturer of alloy wheels, has built a second plant in Teruel, Spain, which was officially opened on 10 October 2017. The Ronal Group has run a production and administration facility in the Aragón region of north-eastern Spain since 1983. The foundation stone for the latest plant was laid in February 2016.
Cimcorp has received an order to supply logistics automation facilities to a brand-new tyre plant in Algeria. The factory is a new venture for the Algerian consumer electronics and household appliances group, Saterex. With huge growth in sales of products marketed under its leading ‘Iris’ brand, Saterex is diversifying into tyre manufacture. The new plant is being built in Setif, 300 km east of Algiers, and will be the first tyre factory in Algeria since Michelin Group closed its plant in the capital in 2013.
Shandong province, China-based Linglong Tires is considering a European factory. In the wake of media reports, Tyres & Accessories spoke with company representatives and learnt that a number of locations in both Eastern and Western Europe are being considered.
Toyota Motor Europe will invest a further £240 million in its Toyota Manufacturing UK (TMUK) car plant in Burnaston, Derbyshire (UK). According to the company, Toyota’s investment will be spent on improving competitiveness and promoting UK supply chain efficiencies.
Sumitomo Rubber USA has bought 6.4 acres of brownfield land adjacent to its tyre manufacturing site in Tonawanda. According to the New York State-based Buffalo News, Sumitomo’s new land used to be home to a chemical plant that was destroyed by a fire nearly 30 years ago.
Algerian state oil company Sonatrach is looking to enter the tyre business. The Algeria Press Service (APS) shares details given by group vice-president for Downstream Activity, Akli Remini on the sidelines of the Ogex 2016 oil and gas exhibition; Sonatrach will cooperate with foreign partners on a project to produce “5 million tons of tyres per year.”
Apollo Tyres is reportedly investing in a new two wheel and light truck tyre factory in Andhra Pradesh. The news followed the publication of the company’s second quarter results.
Brembo announced that it inaugurated its new brake plant in Escobedo, Mexico on 20 October. Completed in record time, with an investment of $36 million, the new plant will focus on the production of aluminium calipers and is intended to strengthen Brembo’s presence in North America. At the same time the company announced a plan to invest an additional $93 million to build a new foundry for cast iron discs.
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