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Intermediate segment tyre production to benefit from Michelin investment in Romania

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An investment of 33 million euros is planned for the Michelin factory in Zalău, Romania in order to equip it to produce commercial vehicle tyres for the intermediate segment of the market, including Tigar brand products. In a press release, Michelin shared that the investment will lead to 100 new jobs at the plant by 2021, increasing the facility’s workforce to more than 1,200. This latest investment follows Michelin’s decision to invest 60 million euros in its tyre cord facility in Zalău.

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Related news:

  1. Romanian authorities approve Michelin-Ihle takeover in Romania
  2. Michelin Group invests in Chinese valet parking service e Dai Bo
  3. 50% production capacity boost for Pirelli’s tyre plant in Romania
  4. Michelin invests in SmartDrive Systems
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Linglong Serbia plant talks continue

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On 23 June Serbian president Aleksandar Vučić’s inauguration ceremony was held in Belgrade. Wang Feng, chairman and president of Linglong Tire, was invited to attend the inauguration ceremony in a move that suggests communications relating to Linglong’s proposed investment in a European tyre manufacturing plant are still open.

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Related news:

  1. Serbia open for business
  2. Linglong Tire confirms Serbia factory plans
  3. Linglong holds business investment talks with EBRD
  4. Linglong Tire begins Serbia factory project
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Kerr’s Tyres & Auto to invest £2 million creating 15 new jobs

Kerr’s Tyres & Auto, a family-run business first established in 2002, has announced plans to invest in its current premises throughout the province with plans to open a further two additional centres over the next two years. This means investing up to £2 million in the business, creating at least 15 new jobs and a new training facility designed to help with upskilling fitters.

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Related news:

  1. Kerr’s Tyres & Auto creates 20 new jobs in £2.5 million investment
  2. Kerr’s Tyres buys Roundabout Tyre & Battery Service
  3. Kerr’s invests in 14 new jobs, Newtownards tyre centre
  4. ATS Euromaster opens new Bracknell centre
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New Algerian tyre plant to feature Cimcorp logistics automation

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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.

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Related news:

  1. Algeria’s Sonatrach considering tyre production venture
  2. Giti to build $560 million US tyre plant
  3. Georgia selected as location for $500 million Sentury Tire US factory
  4. Sentury Tire joins the Shenzen Stock Exchange
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Scottish Enterprise investing £4.5 million in Michelin Dundee plant project

Demand for larger tyre sizes continues to increase, and Michelin intends to better equip its Dundee factory for their production through a project being implemented at a total cost of £16.5 million. Scottish First Minister Nicola Sturgeon announced yesterday that Michelin’s own investment will be supported by a £4.5 million Environmental Protection Grant from Scottish Enterprise.

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Related news:

  1. Michelin to invest £50 million in UK manufacturing sites
  2. Michelin Corporate Foundation becomes V&A Museum of Design founding partner
  3. Michelin: Dundee closure to cost £180 million through to 2021
  4. Michelin closing Ballymena factory, investing in Dundee and Stoke-on-Trent
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Millbrook expanding Test World facilities in Finland

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Millbrook Group is to expand its Test World site in Finland, which will see it become Europe’s leading location for tyre testing. The project will increase the capacity for testing on natural snow and ice, and introduce wet and dry braking, aquaplaning and split friction surfaces. News of the expansion project was announced on 12 June.

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Related news:

  1. Test World opening indoor wet and dry asphalt test tracks
  2. Hankook building winter tyre proving ground in Finland
  3. Test World doubles length of snow and ice test platforms
  4. Millbrook buys Test World
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CAMCE signs to build Morocco tyre plant with Tijan Petroleum

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On 15 May CAMCE signed a commercial contract with Tijan Petroleum Co. Ltd. to build a new tyre plant in Morocco. According to local news reports, CAMCE vice president Hu Wei signed the contract with Tijan vice president Ibrahim Khayat witnessed by chairman Luo Yan of CAMCE and executive vice president Ahmed Khayat of Tijan.

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Related news:

  1. Chinese contingent view potential Thai rubber sources
  2. Giti to build $560 million US tyre plant
  3. Nokian breaks ground on new North America factory
  4. Why Doublestar’s Kumho purchase is a good idea
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Evonik and Wacker back German technology fund

Evonik and Wacker Chemie are among the investors in a $335 million fund intended to finance young start-up firms in Germany, both companies announced. The country’s Federal Ministry for Economic Affairs and Energy and the German state-run KfW Development Bank are the main investors in the High-Tech Gründerfonds (HTGF) III, which will also help the start-ups put their business concepts into practice.

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Related news:

  1. Evonik Launches New Carbon Black
  2. Evonik to Divest Carbon Blacks Business
  3. Evonik inaugurates tyre applied technology research building
  4. Work starting on Continental’s Russian dandelion rubber lab
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Linglong considering European factory

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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.

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Related news:

  1. Maxxis/Cheng Shin investing $500 million in tyre factory construction and expansion
  2. Georgia selected as location for $500 million Sentury Tire US factory
  3. Jiangsu General investing US$300 million in Thailand tyre plant
  4. Prinx Chengshan invests £19 million in purchasing land for new Thailand tyre factory
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Nokian to invest $360 million in new US tyre factory

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Nokian Tyres’ board of directors has authorized its management to sign a letter of intent with the respective authorities to build a new tyre manufacturing facility in America. The new greenfield factory will be located in Dayton (Rhea County), Tennessee, USA. It will concentrate on the production of passenger, SUV and light truck tyres that are sold exclusively or primarily in the North American market. The annual capacity of the factory will be 4 million tyres with an expansion potential in the future. About 400 people are expected to be employed.

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Related news:

  1. Sentury internationalising with US tyre factory investment
  2. Nokian breaks ground on new North America factory
  3. Apollo Tyres opens €475 million greenfield Hungarian plant
  4. Yanchang/Duraturn set their sights on European assets
/by

Continental to continue investing in China

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During the Continental AG press conference at the Auto Shanghai show in China, chief executive officer Dr Elmar Degenhart confirmed that the company intends to continue investing in China “at a comparable level” to recent years. Continental has invested €1.3 billion in the country over the past half a decade. Degenhart also commented that Continental anticipates its sales will grow at a faster rate than the market in China, particularly in the field of mobility services.

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Related news:

  1. Conti opens training centre in Hefei, China
  2. Continental opens newly expanded Hefei car tyre manufacturing plant
  3. Tang replacing Cramer at Continental’s helm in China
  4. Conti CEO: Brexit vote “very worrying”
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Continental: Total Lousado investment to reach €150M

Continental is to realise a substantial increase in production capacity at its tyre plant in Lousado, Portugal. The company’s Tire division intends to invest a total of some €150 million by the end of 2018. The aim is not only to further expand annual passenger car tyre production capacity from its current level of approximately 18 million units, but also to set up a production facility for agricultural tyres in Lousado. At present, production at the site mainly focuses on standard car van and light commercial vehicle tyres.

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Related news:

  1. Preparing for re-entry: Continental returns to agri tyres with Project LousAgro
  2. Official opening held for Continental agri tyre plant
  3. A-Z investment to give Continental added tyre mould options
  4. Continental returning to agricultural radial production in 2017
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Continental opens newly expanded Hefei car tyre manufacturing plant

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Continental AG set the 250 million euro ($271.58 million) expansion of its Hefei, Anhui province, China tyre production plant into operation on 28 March. Total investment in the Hefei plant is now said to be 570 million euros.

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Related news:

  1. Qingdao Doublestar doubling capacity
  2. Linglong IPO attracts 2000x more interest than offer
  3. Jiangsu General investing US$300 million in Thailand tyre plant
  4. Prinx Chengshan invests £19 million in purchasing land for new Thailand tyre factory
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Yanchang/Duraturn set their sights on European assets

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First ChemChina sent shockwaves through the tyre market by successfully purchasing Pirelli in 2015. This year another Chinese firm – this time tyremaker Qingdao Doublestar – made waves by offering an US$830 million bid for 42 per cent Kumho Tire in mid-March. The obvious question is what is the next tyre-related investment to come out of China?

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Related news:

  1. Michelin COO Florent Menegaux explains the thinking behind this year’s investments
  2. Pirelli industrial/consumer tyre business split continues
  3. The thinking behind Bridgestone’s TomTom Telematics acquisition
  4. Conti’s Bandvulc purchase results in UK market remoulding
/by

Toyota investing £240 million in Derbyshire factory

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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.

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Related news:

  1. Aston Martin continues with Welsh plant investment post-Brexit
  2. Pirelli Working With Developer on Burton Retail Site Development
  3. Sentury Tire joins the Shenzen Stock Exchange
  4. Tatneft invests in Kazakhstan tyre factory joint venture
/by

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