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Michelin Corporate Foundation becomes V&A Museum of Design founding partner

Michelin Corporate Foundation has been announced as a corporate founding partner in the development of the V&A Museum of Design Dundee. The V&A Museum will be the first in the UK outside of London, and is part of a wider £1 billion regeneration scheme for the city. Due for completion in 2018, the foundation will support both its initial and ongoing development with a significant investment. A gallery within V&A Dundee will take on the Michelin name for a term of 25 years. Michelin has strong ties to Dundee; its tyre plant on Baldovie Road is the city’s largest employer. The French manufacturer committed to an investment of £52 million to modernise the plant in 2015, and was recently visited by the Queen.

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Related news:

  1. Michelin to invest £50 million in UK manufacturing sites
  2. Scottish Enterprise investing £4.5 million in Michelin Dundee plant project
  3. Dundee closure ‘supports Michelin’s intent to accelerate cost savings’ – analyst report
  4. Half a century of Michelin tyre making ends in Dundee
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Conti opens training centre in Hefei, China

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Continental has opened its first training centre in the APAC region in Hefei, Anhui province in China. The facility is located in Anhui Province, in the Hefei Hi-tech Industry Development Zone, beside the company’s tyre plant and R&D test centre.

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  1. Continental opens newly expanded Hefei car tyre manufacturing plant
  2. Hangzhou Zhongce confirms Thai factory reports
  3. Georgia selected as location for $500 million Sentury Tire US factory
  4. Linglong lays foundation stone for fourth Chinese tyre factory
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Harjeev Kandhari chairing venture capital firm

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In addition to his tyre businesses, which come under the Zenises banner, Harjeev Kandhari has taken on an additional non-executive chairman role at Walpole Capital, a venture capital firm based in London.

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Related news:

  1. Zenises appoints Fabio Spina as Italy general manager
  2. Doublestar forms European joint venture with Zenises
  3. Zenises opens Technology Centre, appoints division GM, Technology VP
  4. Zenises’ Harjeev Kandhari wins 2018 INSEAD Alumni Emerging Entrepreneur award
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Aston Martin continues with Welsh plant investment post-Brexit

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Aston Martin is going ahead with previously announced plans for a new £200 million manufacturing plant in St Athan, Wales despite the UK voting to leave the European Union. It seems that company remains optimistic about its plans at least partly because a weaker pound makes the carmaker’s exports more attractive.

Aston Martin president and CEO Dr Andy Palmer said in a statement that the UK’s Brexit vote won’t change the company’s expansion plans.

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Related news:

  1. Toyota investing £240 million in Derbyshire factory
  2. Honda closes Swindon car factory
  3. Brexit OE tyre red-alert
  4. Infiniti withdrawing from Europe by 2020
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Linglong IPO attracts 2000x more interest than offer

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On 21 June Shandong Linglong Tyre Co Ltd announced it would issue 200 million shares of common stock at 12.98 yuan per share as part of its initial public offering (IPO) on the Shanghai Stock Exchange. At the time, the company said it expected to raise roughly 2.60 billion yuan, which various news sources suggest is intended to fund investment in new tyre production lines.

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Related news:

  1. Jiangsu General investing US$300 million in Thailand tyre plant
  2. Prinx Chengshan invests £19 million in purchasing land for new Thailand tyre factory
  3. Triangle to upgrade PCR and TBR production with IPO funds
  4. Qingdao Doublestar doubling capacity
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Marangoni investing $75 million Sri Lanka industrial capacity

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Local news reports suggest Marangoni is investing $75 million in expanding industrial tyre manufacturing in Sri Lanka. The reports add detail to official announcements about increased Eltor EVO for the forklift tyre production capacity made in May.

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Related news:

  1. Marangoni highlights complete forklift range, German service arm at CeMAT 2011
  2. Pyramids Tires: $350 million Egyptian factory begins manufacturing
  3. ZC Rubber’s Anji factory starts making tyres
  4. GRI installs first Marangoni Machine in Sri Lanka
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Exol announces small pack investment

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Exol Lubricants has introduced an additional eight-head Masterfil filling machine at its Wednesbury facility, enhancing the efficiency and production capacity of small pack products. The Adelphi Masterfil is designed to offer flexibility of filling volumes, handling both low and high viscosity liquids. The machine’s adjustable nozzles enable the fill of products with variable speed filling capacity.

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Related news:

  1. Grouptyre member EG Wholesale opens new West Sussex warehouse
  2. Exol Lubricants to invest for greater efficiency
  3. Exol partners with Aston University
  4. Exol ladies raise £1,331 for St Giles Hospice
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Michelin Group invests in Chinese valet parking service e Dai Bo

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Through its Incubator program, and to reinforce its service and growth strategy in the region, Michelin has invested in e Dai Bo, a Chinese start-up that provides valet parking services via a digital platform throughout China.

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Related news:

  1. New Michelin credit facility “in line” with debt refinancing strategy
  2. Investment in rideshare start-up broadens Michelin’s product promotion horizons in China
  3. “China Still Ideal For Manufacturing” Says Michelin
  4. Michelin to Increase China Investment – Update
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UK automotive suppliers investing £225 million over the next three years

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The SMMT’s Automotive supply chain members are planning to invest £225 million over the next three years in a bit to boost the British content of vehicles built in the UK.

In a new survey of more than 100 SMMT supply chain member companies, 94 per cent said they plan to invest in their businesses over the next three years – at a total of £224,485,000. Of those, four in five (79%) intend to invest in plant, machinery or tooling; three quarters (73%) in skills and apprentices; and two thirds (66%) in new product development.

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Related news:

  1. Automechanika Birmingham 2017 part of UK automotive’s reshoring efforts
  2. Automotive industry responds to PM’s Brexit speech
  3. Toyota investing £240 million in Derbyshire factory
  4. UK Automotive industry demands Brexit safeguards
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Exol Lubricants to invest for greater efficiency

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Exol Lubricants has outlined more investment at its West Midlands head office and production facility. “With the objective of increased site efficiency, we will continue to provide an exceptional working environment that is capable of delivering the highest quality products and service to customers in the UK and abroad,” the company states.

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Related news:

  1. Exol announces small pack investment
  2. Tamworth motorsport, high performance brakes firm secures £3m finance
  3. Nasmyth Group acquires Arden Precision
  4. Exol Golf Day is a success
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Grouptyre member EG Wholesale opens new West Sussex warehouse

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Independent tyre distributor and one of Grouptyre’s 10 member EG Wholesale has opened its new warehouse in Partridge Green, West Sussex. Colin Obbard, operations and logistics manager said, “It has been a long time coming finding a suitable location for an expanding wholesale operation.” Grouptyre states that “continued investment” by members, “such as new warehousing, is one of the primary reasons for the continual growth of the company, who consistently strive to offer more to the retailer.” EG Wholesale is a division of a motor trade group that has petrol stations, convenience stores, property rentals and workshops. The family run business has been in business for over 40 years with a turnover of £48m and 230 members of staff.

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Related news:

  1. Grouptyre member ETB continues expansion with 2nd St Austell warehouse
  2. Grouptyre turnover ‘approaching £310m’
  3. New warehouses, online tools and chairman mark Grouptyre’s 20th anniversary
  4. Grouptyre Wholesale expands into potters bar
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Sumitomo investing to produce truck tyres in South Africa

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Just over two years ago, Sumitomo Rubber Industries acquired Apollo Tyres South Africa, and with it the operation’s car tyre factory in Ladysmith, KwaZulu-Natal. While the plant supplies the local market with passenger car and light truck tyres, Sumitomo Rubber South Africa has to-date met local demand for truck and bus tyres with imported products. This will soon change; the company has announced it will invest 910 million rand (£41.3 million) to install new production equipment within the Ladysmith facility, and it aims to produce truck and bus tyres there from July 2018.

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Related news:

  1. Sumitomo Rubber begins commercial tyre production in South Africa plant
  2. MPs demand £3 billion UK bus investment
  3. SRI doubles planned capacity for Brazil truck tyre plant
  4. Jiangsu General investing US$300 million in Thailand tyre plant
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Klarius to invest £1.5million from 2016

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The UK’s largest manufacturer of exhausts, CATs and DPFs for the aftermarket has announced £1.5m of project investment to begin in 2016. Klarius Products states that it has allocated the money to production capacity increases, quality improvements, and lead time reduction on new parts.

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Related news:

  1. Schmettau & Fuchs partners with Klarius on new emissions product range
  2. Maxxis: brand and distribution better than ever
  3. Sentury internationalising with US tyre factory investment
  4. Nokian to invest $360 million in new US tyre factory
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Bridgestone’s Russian plant – update

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The 2016 opening of a Bridgestone tyre production facility in Russia, as reported by Tyrepress.com on 22 January, is the culmination of a joint project agreed upon almost three years ago. On 12 April 2013, Bridgestone Corporation concluded an investment contract with co-investor Mitsubishi Corporation and with the Ulyanovsk Oblast government and Ulyanovsk Region Development Corporation, to build a ¥37.5 billion (£221 million) passenger car radial tyre plant in the Zavolzhye Industrial Zone in Ulyanovsk Oblast, Russia.

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Related news:

  1. Bridgestone to open Russian tyre plant
  2. Bridgestone’s Russia tyre plant to officially open next week
  3. Bridgestone’s Hungary plant to gain new 10,000m² warehouse
  4. New warehouse, increased capacity at Bridgestone’s Hungary tyre plant
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Bridgestone to open Russian tyre plant

Bridgestone is open its first tyre production plant in Russia later in 2016, according to Russian news reports. The Russian Tass news agency reports that Bridgestone will invest the equivalent of US$147.7 million in the plans, which should take shape in the second half of the year.

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Related news:

  1. Bridgestone’s Russian plant – update
  2. Bridgestone puts $300M price tag on relocated Shenyang plant
  3. Triangle: no Russian tyre plant…for now
  4. Bridgestone’s Russia tyre plant to officially open next week
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