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50% production capacity boost for Pirelli’s tyre plant in Romania

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Pirelli has now made tyres in Romania for a decade, and during a ceremony marking the tenth anniversary of the start of production in Slatina, the company announced plans to further invest in the site. Around €200 million will be invested in the Slatina plant through to 2021; as a result, annual production capacity will reach 15 million tyres, 5 million more than the current level. Some 500 new jobs will be created through the investment.

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Related news:

  1. Pirelli, Rostec investing 100 million euros to double Voronezh plant capacity
  2. Pirelli supporting ‘High Value’ strategy in Latam with major investment
  3. Increased capacity, exports: Prometeon investing $115 million in Turkey
  4. Pirelli expands Romania factory and warehousing
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Galgo partners Mexican state in green initiative

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Galgo is partnering with the Mexican Hidalgo State Government, and other industries located along the Tula-Tepeji corridor, in the National Environmental Audit Program, an effort help reduce and reverse the damage and negative environmental impacts in that area. The Tula-Tepeji corridor has been recognized as an area experiencing a high level of negative environmental impact pollution and requires action from the local industries to help reverse this situation.

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Related news:

  1. Galgo named Socially Responsible Company for 8th straight year
  2. On your bike – Transaid launches 2017 cycling challenge
  3. Building a sustainable future
  4. Kwik-Fit Fleet Staff Raise £2000 for BEN
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Triangle IPO underway

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Triangle Tire’s initial public offering (IPO) got underway as planned on 9 September with the company becoming a public traded entity on the Shanghai Stock Exchange. The listing became active 10 September 2016 following approval by the China Securities Regulatory Commission (CSRC) on 19 August 2016.

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Related news:

  1. Triangle to upgrade PCR and TBR production with IPO funds
  2. Triangle IPO on for early September
  3. Linglong IPO attracts 2000x more interest than offer
  4. Linglong market value exceeds RMB 50 billion
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ZC Rubber’s Anji factory starts making tyres

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ZC Rubber’s new bike tyre factory in Anji, Zhejiang province, has commenced production. The Anji factory is associated with an investment of up to US$620 million and covers 860,000 square metres, focusing on the motorcycle tyres, e-bike tyres and inner tubes etc. Shen Jinrong, president of ZC Rubber, says that the factory‘s output value amounts to more than $1 billion.

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Related news:

  1. Hangzhou Zhongce confirms Thai factory reports
  2. Apollo aims for leadership in Indian two-wheel tyre market, Europe next
  3. Linglong considering European factory
  4. Linglong lays foundation stone for fourth Chinese tyre factory
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Georgia selected as location for $500 million Sentury Tire US factory

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Sentury Tire has selected a plot of land just outside LaGrange, Georgia as the location for its US$500 million US tyre factory, according to various local news sources. Reports in local US newspapers suggest that the decision was made on Thursday 1 September – at which point the choice was between the shortlist of the reportedly successful Georgia location and the Memphis Regional Megasite in Tennessee.

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Related news:

  1. Sentury internationalising with US tyre factory investment
  2. Sentury Tire joins the Shenzen Stock Exchange
  3. Giti to build $560 million US tyre plant
  4. Prinx Chengshan the only HKEX-listed tyremaker at Tire+
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RMI calls for apprenticeship funding review

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RMI Bodyshops (NAB & VBRA) is urging the government to review its recently released funding levels for the new trailblazer apprenticeships. Jason Moseley, RMI Bodyshops Director commented: “the new funding rates proposed fall concerningly short of those needed to deliver a robust and quality apprenticeship programme. The proposed rates do not cover the funding required for equipment, tools, products and teaching resource to deliver these programmes.

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Related news:

  1. Apprentices thrive despite education cuts
  2. Construction starts on Goodyear Zeppelin
  3. Bridgestone’s First Stop Investment.
  4. MG Motor invests in internship programme
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Rockwell helping Chinese tyremaker automate US plant

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CEOs and experts from China’s leading companies gathered in Shanghai and Beijing to explore how smart manufacturing will deliver value to the manufacturing industry and support government initiatives including China Manufacturing 2025. Hosted by Rockwell Automation “The Connected Enterprise CEO Forum” was led by Rockwell Automation’s new president and CEO, Blake Moret. However the interesting point from a tyre industry perspective is that the firm revealed that it is helping any unnamed Chinese tyremaker construct a factory in the US.

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Related news:

  1. Sentury internationalising with US tyre factory investment
  2. Georgia selected as location for $500 million Sentury Tire US factory
  3. Bridgestone’s Joliette plant to gain automated warehouse
  4. Tyre cord firm Kiswire continues US plant expansion
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Harjeev Kandhari: Tyre quality gap is closing and sales methods are changing

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In a recent op-ed Harjeev Kandhari, CEO of tyre company Zenises, reflected on possible changes in the way tyres are sold in the future. Kandhari’s first point is that the quality gap between brands that are long-established in the market (the so-called ‘legacy’ brands) and more recent introductions, such as Zenises’ own Z-Tyre, is shrinking fast. There has traditionally been a large difference in price between legacy and the newer tyres, but Kandhari believes that the small differences in performance and technology mean that this gap is no longer appropriate.

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Related news:

  1. Zenises launches new website
  2. Yanchang/Duraturn set their sights on European assets
  3. Michelin European distribution centre launch ‘Dawning of a new era’ in Stoke
  4. DriveRight receives six-figure investment from Finance Wales
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Goodyear investing US$162 million in Thai aircraft tyre plant

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Goodyear (Thailand) Plc is set to invest 5.63 billion baht (US$162 million) over the next 10 years adding radial aircraft tyre production technology to its Pathum Thani province-based factory in order to meet growing demand in the Asia Pacific region. The first phase of the three-phase expansion is targeted to begin operations by 2018.

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Related news:

  1. Goodyear South Africa to invest 44 million euros in Uitenhage, South Africa plant
  2. Marangoni investing $75 million Sri Lanka industrial capacity
  3. Conti opens training centre in Hefei, China
  4. ZC Rubber’s Anji factory starts making tyres
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Michelin buys Brazilian two-wheel tyre maker

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The Michelin Group has acquired Levorin, a Brazilian manufacturer of bicycle and motorcycle tyres.

Levorin is a family business which was founded in 1943 by Hercules Levorin. It specializes in the production of tyres for the commuter segment in Brazil. In 2015 Levorin had an annual turnover of 135 million euros and employs 2,000 people at its two plants in Sao Paulo and Manaus.

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Related news:

  1. Triangle: no Russian tyre plant…for now
  2. Michelin completes Sascar acquisition
  3. The thinking behind Bridgestone’s TomTom Telematics acquisition
  4. Pyramids Tires: $350 million Egyptian factory begins manufacturing
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Conti’s Bandvulc purchase results in UK market remoulding

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On the 4 July, as the USA began to celebrate its independence day, Continental AG’s UK subsidiary (Continental Tyre Group) announced it had bought Bandvulc (B.V. Environmental Ltd.), one of only two substantially sized independent retreaders left in the UK. Legally, the takeover establishes Bandvulc as a wholly owned subsidiary of Continental UK Group Holdings Limited. T&A understands Bandvulc’s existing management team are to continue to lead the business.

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Related news:

  1. Continental buys Bandvulc
  2. Continental and Bandvulc management comment on integration process
  3. Arthur Gregg new Bandvulc MD
  4. New-tyre/retread combination wins Ashcourt over to Continental tyres
/by

New Tanzania tyre factory planned

The Tanzanian government is set to build a new tyre plant. According to local news reports, permanent secretary in the Ministry of Industry, Trade and Investment Dr Adelhem Meru, told the Public Accounts Committee (PAC) the new factory will be based on new technology.

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Related news:

  1. Continental, Tanzania Negotiations “Complex”
  2. Tanzanian government supports reopening of General Tire factory
  3. New investors expected to restart GTEA production
  4. Pyramids Tires: $350 million Egyptian factory begins manufacturing
/by

$310 million in international financing to aid Brisa tyre plant project

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Turkish joint venture tyre maker Brisa Bridgestone Sabancı Lastik Sanayi ve Ticaret A.S. – or Brisa, as it is more commonly known – intends to primarily utilise a US$150 million long-term loan from the European Bank for Reconstruction and Development (EBRD) and $160 million from a syndicated loan transaction arranged and coordinated by Mitsubishi UFJ Financial Group (MUFG) for the greenfield factory it is now building in Anatolia. A portion of the financing will also be directed towards the expansion of Brisa’s truck and bus tyre plant in Izmit.

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Related news:

  1. Goodyear names Hakan Bayman as president of European Consumer Business
  2. Lassa producer Brisa investing US$117.5 million to expand tyre capacity in 2012
  3. Turkey’s Brisa to Start Production Suspension
  4. Bridgestone contemplates second Turkish plant
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Triangle to upgrade PCR and TBR production with IPO funds

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Following yesterday’s confirmation that Triangle is going ahead with the initial public offering (IPO) on the Shanghai stock exchange the company planned last year, the company has revealed a number of other key details.

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Related news:

  1. Triangle IPO on for early September
  2. Triangle IPO underway
  3. Linglong IPO attracts 2000x more interest than offer
  4. Jiangsu General investing US$300 million in Thailand tyre plant
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Triangle IPO on for early September

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The China Securities Regulatory Commission (CSRC) approved Triangle Tires’ most recent initial public offering (IPO) bid. Qingdao, Shandong Province-based tyre manufacturer Triangle was one of 13 firms to receive a CSRC go-ahead on Friday 19 August. The IPO is set to take place in Shanghai. An official IPO announcement is expected in September.

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Related news:

  1. Triangle to upgrade PCR and TBR production with IPO funds
  2. Triangle IPO underway
  3. Serbia open for business
  4. Linglong IPO attracts 2000x more interest than offer
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