ExxonMobil has started construction on a multi-million dollar expansion of its Shanghai technology centre in China. The expansion is expected to be complete in early 2018 and will include a new R&D facility.
In its year-end 2016 report, Sweden’s Trelleborg AB states that its Board of Directors has “decided to make a major investment” in Trelleborg Wheel Systems’ tyre operation in Serbia in order to improve the facility’s footprint and increase production capacity to accommodate additional future sales.
Around €150,000 (£131,000) is being invested in STARCO’s tyre and wheel production facility in Crewe as part of a €2.5 million project to strengthen manufacturing capabilities in Europe. The Danish company’s site in the UK will receive new equipment that will automate the polymer wheel and puncture-proof polyurethane tyre production that takes place there. A STARCO representative told Tyrepress.com the installation of this new machinery will lift capacity and will also facilitate the development of new designs that ensure the plant’s continued competitiveness.
Ceat, the Indian tyre manufacturer, has announced plans to increase production of truck and bus, passenger car and two-wheeler tyres. According to local news sources, the company said it will invest approximately 2,800 crore rupees over a five-year period leading up to 2022.
Michelin’s Fort Wayne plant in Indiana, USA may benefit from a US$100 million investment in efficiency and quality. Local television channel WANE-TV states that Michelin is looking to spend $20 million on upgrading processes and equipment, $23.5 million on improving production and efficiency, $18.5 million on improving quality verification and $38 on tooling and moulds. It adds that no new jobs will be created as a result of the investment.
Algerian state oil company Sonatrach is looking to enter the tyre business. The Algeria Press Service (APS) shares details given by group vice-president for Downstream Activity, Akli Remini on the sidelines of the Ogex 2016 oil and gas exhibition; Sonatrach will cooperate with foreign partners on a project to produce “5 million tons of tyres per year.”
ATS Euromaster has opened of a new 5,300 square foot facility in Bracknell – marking the brand’s first presence in the booming Berkshire town.
Located on the Trade City estate on Western Road, the new centre will provide car and van tyre and vehicle maintenance for consumers and fleets. It also means it is situated just a mile from Bracknell town centre, and close to vital transport routes connecting London with the South and South West.
After the firm’s official opening in the UK in early 2015, specialist TPMS and valve manufacturer Hamaton Ltd reports it is pleased to look back on a year that has seen the business go from strength to strength, with increasing sales and an enhanced reputation developing throughout the global TPMS market. One sign of this is the firm’s decision to move to large UK premises.
Coventry-based car panel OE supplier Covpress entered administration at the end of September, with administrators stressing there are no current plans for redundancies amongst the 800 staff. Rather there is a good chance the business will be sold as a going concern. So far around 50 companies are said to have expressed an interest. But with business on the up at Covpress, could a deflated Chinese tyre business be behind the news?
Autosupplies (Chesterfield) is adding a 7,600 square foot extension to its Bolsover site, making it one of the largest single branch motor factors in the UK.
Michelin has opened a new distribution centre for the Iberian peninsula following investment of some 32.5 million euros. The goal of the logistics centre located in Illescas, near Toledo in Spain is to optimise logistics performance in Spain, Andorra and Portugal, not to mention the Balearics, the Canaries, the Azores and Madeira.
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.
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.
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.
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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