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China factory the start of Yokohama Rubber’s ‘1-year plant’ challenge

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According to Yokohama Rubber, the groundbreaking ceremony held for its new Hangzhou Qiantang Yokohama Tire Co., Ltd. plant in China last Monday marks the start of construction of the first plant it is building under the ‘1-year plant’ challenge, the company’s strategy for growing its consumer tyre business. The aim of the 1-year plant challenge is to quickly construct efficient, low-cost manufacturing facilities to gain a “strong competitive position” within local markets, synergising Yokohama Rubber’s own experience with that of local partners.

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Related news:

  1. Groundbreaking for Yokohama Tire plant in China
  2. $171m investment: Capacity at Yokohama OHT’s new plant to double
  3. YOHT opens 3rd plant in India
  4. Groundbreaking for Giti Tire’s Hefei plant
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Groundbreaking for Yokohama Tire plant in China

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Yesterday morning, Yokohama Rubber held a groundbreaking ceremony for its Hangzhou Qiantang Yokohama Tire Co., Ltd plant in China. Yokohama Rubber intends for the factory to begin operations in 2026 with an initial production capacity of 9 million passenger car tyres a year, a quantity that will deliver estimated annual revenues of RMB 3.5 billion (£379.6 million). The factory’s planned final yearly capacity is 14 million tyres.

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Related news:

  1. YOHT opens 3rd plant in India
  2. Groundbreaking for Giti Tire’s Hefei plant
  3. TRW to open three new plants in China
  4. Michelin breaks ground on Mexico tyre plant
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Sailun holds Indonesia factory groundbreaking ceremony

Sailun Indonesia factory held a groundbreaking ceremony on 17 September. The tyre manufacturer called the Indonesian project “another important layout of the globalisation strategy”, “meeting the product and service needs of the local market”, and “enhancing the competitiveness and influence of Chinese tyre brands in Southeast Asia and even the global market”.

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Related news:

  1. Jinyu begins construction of Tay Ninh, Vietnam tyre factory
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  3. Maxxis supporting $400M plant investment at Indonesia tyre expo
  4. Chinese tyre makers off-shoring in Southeast Asia
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ZC Rubber breaks ground on new factory in Mexico

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On 6 August, ZC Rubber officially commenced construction on its third overseas manufacturing facility in Saltillo, Mexico. The Chinese tyre maker views this “significant milestone” as one that “marks a major step forward” in its global expansion strategy and commitment to meeting the growing demand in North and Latin America.

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Related news:

  1. Groundbreaking held for Pirelli’s second Mexico tyre factory
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Financing round secures funds for Europe’s largest ELT pyrolysis plant

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Circtec, a specialist in pyrolysis technology for sustainable end-of-life tyre recycling, has secured €150 million in a recent financing round. Novo Holdings and A.P. Moller Holding spearheaded this initiative with a €75 million equity investment. The financing also includes €22.5 million in grants awarded by the Government of the Netherlands.

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Sailun, Tire Direct break ground on Mexico plant

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Sailun Group and Tire Direct have broken ground on Aztema, their new joint venture factory in Mexico, with the partners laying a symbolic foundation stone at a ceremony on 15 May 2024. The first phase of construction at the Aztema plant will result in a facility with an initial capacity to produce 6 million car tyres a year; the partners plan to start production in March 2025.

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Related news:

  1. Sailun enters JV for Mexico tyre plant
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Firemax Cambodia factory holds groundbreaking ceremony

Fornnax introduced the SR-200 HD Dual-Shaft Primary Shredder at India Rubber Expo (IRE) at the Bombay Exhibition Centre in Mumbai on 20 March. According to the company, “the SR-200 HD marks a significant leap in recycling technology, demonstrating Fornnax’s dedication to engineering excellence and sustainability.”

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Related news:

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Yokohama breaks ground on new Mexico tyre plant

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On 15 April The Yokohama Rubber Co. Ltd. (YRC) broke ground for its new consumer/light truck tyre plant at the Alianza Industrial Park in Saltillo, Coahuila, Mexico. The event was attended by state and local officials, as well as management from Yokohama companies, including YRC chairman and CEO Masataka Yamishi; Yokohama Corporation North America (YCNA) CEO Shinichi Takimoto; and Yokohama Tire Corporation (YTC) president and CEO Jeff Barna.

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Groundbreaking for Giti Tire’s Hefei plant

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Giti Tire held a groundbreaking ceremony on 20 September to officially inaugurate the start of work on its latest facility, an event the tyre maker says holds a “particular significance” as it also marks the group’s 30th anniversary of manufacturing in China. Executive chairman Enki Tan reinforced this during proceedings by stating that “the upcoming modernised Hefei plant not only celebrates our legacy but also sets the stage for Giti’s next chapter.”

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Doublestar breaks ground at Cambodia plant site

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On 9 May, numerous regional and company dignitaries attended the groundbreaking ceremony for Doublestar Tire’s new factory in Cambodia. Doublestar (Cambodia), a joint venture with UBE Development Co. Ltd., aims to meet growing international demand for high-performance radial tyres. The 400,000 square metre plant will have capacities to produce 7 million PCR tyres and 1.5 million TBR tyres annually.

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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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YOHT opens 3rd plant in India

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During a ceremony held today and attended by local and regional officials, Yokohama Off Highway Tires (YOHT) inaugurated its newest factory in India and broke ground on the second stage of work at the site. Located in Visakhapatnam, Andhra Pradesh state, the new plant is YOHT’s third in the country.

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Toyo breaks ground on Serbia tyre factory

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Presidency of Serbia; Dimitrije Goll

Toyo Tire Corporation and its Toyo Tire Serbia LLC Belgrade manufacturing subsidiary broke ground at the site of Toyo’s new tyre plant in Indjija City, the Republic of Serbia, on 15 December 2020. Toyo Tire’s eighth tyre manufacturing base is due to start tyre manufacturing operations in April 2022, with a capacity of 5 million passenger car tyres per annum by the summer of 2023.

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Jinyu begins construction of Tay Ninh, Vietnam tyre factory

The groundbreaking at Jinyu Vietnam (Photo: Jinyu)Jinyu

Jinyu Tire Group hosted the groundbreaking ceremony of Jinyu (Vietnam) Tire Company Ltd’s 2 million tyre a year factory in Phuoc Dong Industrial Park, Tay Ninh Province, Vietnam on 18 June 2020. Local industrial park leaders as well as customer, supplier and construction representatives attended on the behalf of Jinyu Tire Group partners in light of the Covid pandemic

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Work begins on Sailun JV test facility

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Groundbreaking took place earlier this month for the China (Dongying) Intelligent Connected Vehicle (ICV) Test Site project, a joint venture between FAW Group, Dongying City and Sailun Group. The ceremony was attended by more than 200 people, including Sailun chief executive officer Yuan Zhongxue.

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