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Nokian Tyres investing 650 million euros in greenfield factory in Romania

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Michel Bossart; Pixabay

Nokian Tyres’ is investing around 650 million euros in a new passenger car tyre factory in Romania. The new greenfield factory will be located in Oradea in the North-West of Romania, near the Hungarian border. The annual capacity of the factory will be 6 million tyres, with expansion potential for the future. According to an official statement, the site will also house a distribution facility for storage and distribution of tyres. Construction is scheduled to begin in early 2023 and 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. Nokian moves selected tyre production out of Russia
  3. Ukraine war continues putting tyre production under pressure
  4. Nokian sells its Russian tyre operation to Tatneft for 400 million euros
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Aiming for market leadership: Apollo investing a further £610 million in India

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With the ramp-up of its plant in Hungary, Apollo Tyres Ltd. is growing in Europe. The company also has ambitious plans in its home market of India – it aims to become the country’s leading tyre maker, and is investing to do so. Total investments over the period between 2015 and 2021 approach £900 million.

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Related news:

  1. Apollo Tyres: Netherlands car tyre production down, but not out
  2. India’s competition authority approves Warburg Pincus’ investment in Apollo Tyres
  3. Apollo Tyres opens €475 million greenfield Hungarian plant
  4. Apollo aims for leadership in Indian two-wheel tyre market, Europe next
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Apollo lays foundation of Hungary Greenfield tyre manufacturing plant

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Construction of Apollo Tyres’ first European Greenfield plant in Gyöngyöshalász, Hungary, officially began on 10 April 2015, with a foundation stone laying ceremony. The international tyre manufacturer’s facility will start production in early 2017. The facility will produce both, Apollo and Vredestein branded tyres and will cater to the entire European market.

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Related news:

  1. Reports: Apollo chooses Hungary for new tyre factory
  2. European Commission says Hungary to host Apollo’s new tyre plant, endorses proposed investment
  3. Apollo Tyres aiming for 20/80 OEM-replacement mix in Europe
  4. Apollo Tyres: Netherlands car tyre production down, but not out
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Construction firm chosen for Giti Tire US plant project

Work on Giti Tire’s new factory site in the US will be commenced by Brad Cole Construction, a firm said to be one of the largest heavy civil construction companies in the southern United States. The company will ready 250 acres of the 1,152 acre site, and will clear land, compact soil, install drainage and perform other related tasks. The contract calls for Brad Cole’s work to be largely complete by 1 July 2015.

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Related news:

  1. ‘Highly experienced’ R&D team now supporting Giti Tire in North America
  2. US state governor calls for Giti Tire tariff revision
  3. Giti raises US prices
  4. Almost 400,000 Primewell tyres recalled in the USA
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Apollo ‘yet to finalise’ greenfield tyre factory location

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Following news reports that Apollo has chosen Hungary as the location of its new tyre plant, the company has released a statement reiterated its plans and stating that it is “yet to finalise the exact location” for its factory.

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Related news:

  1. Reports: Apollo chooses Hungary for new tyre factory
  2. Apollo launches Alnac 4G all season and winter tyres
  3. Apollo lays foundation of Hungary Greenfield tyre manufacturing plant
  4. Hungary plant – Apollo Tyres anticipates €300M investment by end of fiscal year
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