Shandong Linglong plans to increase the capital of its Linglong International Europe Serbian unit by US$174.1 million (146.6 million euros) for the construction of its tyre factory in Zrenjanin, northern Serbia. When finished the factory will require 1,200 employees and produce 13 million tyres per year.
Askar Mamin, the prime minister of the Republic of Kazakhstan, recently hosted the general director of PJSC Tatneft, Nail Maganov, for talks relating the construction of a new tyre factory in Kazakhstan.
Kerr’s Tyre’s & Auto has acquired Belfast-based Roundabout Tyre & Battery Service. Roundabout Tyre & Battery Service have been operating from Belfast’s outer ring for 31 years. No price details have been released.
Synthetic rubber and plastics manufacturer Trinseo has reached definitive agreements with Swiss sustainable tyre recycling specialist Tyre Recycling Solutions (TRS) on a commercial collaboration and an equity investment in TRS. The transaction is expected to close later this quarter, subject to ordinary closing conditions.
Horiba Mira has invested £1.5 million in a new Large Climatic Vibration Laboratory and Battery Abuse Facility in response to” soaring demand” from the UK automotive industry for advanced battery safety testing.
Tyre sensor and data management company Tyrata Inc. says it has raised US$2.9 million in financing from global investors, and will use these funds to complete customer qualification of its IntelliTread Drive-Over System (DOS), establish high-volume manufacturing in global markets and speed development of the Tyrata Internal Tread Sensor product line.
In January 2019, the ground was broken on the US$614 million Roadbot tyre plant in Abu Dhabi. Local news sources described the project as a milestone in the capital of the United Arab Emirates as recently as January 2020. However, the project has since hit a roadblock as a result of the coronavirus pandemic.
Tyres & Accessories has seen documents that show how recent progress has been limited, though initial steps seem to have progressed well. Specifically, the official letter from Roadbot Tyre Industries dated July 2020 confirms that all the necessary planning applications, architectural designs and structure drawings have been approved and completed. Yet critical machinery work came to a standstill in March 2020.
Specialty tyre manufacturer GRI is adding a new mixing facility in the Mirigama Export Processing Zone (MEPZ) in Sri Lanka. The new mixing facility will have capacity to produce 200 tonnes day, up from the current capacity of 50 – 60 metric tonnes a day, and is being interpreted as a pre-cursor to increased tyre output.
Mahansaria Tyres Private Limited (MTP) commenced manufacturing at its greenfield off highway tyre factory in Panoli, in the western Indian state of Gujarat.
GKN Wheels’ multi-million-pound investment programme at its Telford factory has resulted in the achievement of record targets. Despite a number of obstacles, not least the impact Coronavirus pandemic has had on the plant’s operational capabilities, the new manufacturing plant is now producing more than three times as many wheels as the old plant, with 55 high-quality off-highway wheels now being manufactured every hour. With the new line now fully operational, the old lines and assembly cells have now been decommissioned and disposed of.
BASF SE has announced that it is investing 16 million euros into Pyrum Innovations AG, a technology company specialized in the pyrolysis of waste tyres, headquartered in Dillingen/Saar, Germany. With the investment, BASF will support the expansion of Pyrum’s pyrolysis plant in Dillingen and the further roll out of the technology. BASF’s Pyrum investment follows the company’s partnership with New Energy, a similar tyre-derived oil project based in Budapest, Hungary at the start of September 2020.
On 4 September 2020 Guizhou Tyre Co. Ltd’s board of directors approved plans for a private share issue. The plan was to raise 1 billion yuan in funding via the sale of now more than 200 million shares to 35 selected investors. By 11 September, the company had received the green light from the state-funded Guiyang Industrial Investment Holding Group Co., Ltd. that it would purchase no less than 43.5 per cent of the issued shares.
The Serbian state is set to give Japanese tyre manufacturer Toyo 637,455 square metres of land worth roughly 3 million euros for its newest factory. According to a Serbian State Aid Control Commission decision, the countries Tax Administration calculated that – based on a land valuation of 5 euros per square metre, Toyo will have to employ 523 workers indefinitely by 2023.
Bush Tyres is set to open three new locations during the next couple of weeks. First off, the company is opening retail centres in Norwich and Immingham. In addition, Bush Tyres has invested in a new 70,000 square foot warehouse as well.
The Yokohama Rubber Co., Ltd. is set to build a new plant at Atchutapuram Industrial Park, Visakhapatnam, Andhra Pradesh, India to expand ATG’s (Alliance Tire Group) tyre production capacity. The new plant will have a daily production capacity of 55 tons (rubber weight), with planned capital investment totalling US$165 million. Construction will start in the third quarter of 2020 and the new plant is scheduled to come on line in the first quarter of 2023.
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Zrenjanin city government
Information office of the Prime Minister of the Republic of Kazakhstan
Kerr’s Tyres
Horiba Mira
GRI
MTP
GKN
BASF
Guizhou Tyre
Silksheen Photo, Bush Tyres
ATG, Yokohama