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Apollo Tyres inaugurates Chennai tyre testing facility

Apollo Tyres

Apollo Tyres has opened a new Advanced Tyre Testing facility within its Global R&D Centre, Asia in Chennai, India. The new test centre features a Flat-trac machine and an anechoic chamber, which help define the dynamics and acoustics of tyres, leading to faster product development for both OE and replacement markets. The development of tyres for high-end passenger vehicles, EV specific tyres for passenger vehicles and high-end motorcycle tyres will be at the heart of work taking place within the new facility.

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Related news:

  1. Design and architecture award for Apollo R&D centre
  2. Aiming for market leadership: Apollo investing a further £610 million in India
  3. India’s competition authority approves Warburg Pincus’ investment in Apollo Tyres
  4. Apollo Tyres invests £5 million in London digital innovation hub
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China encourages foreign investment in the tyre industry

Alexander Mils; Unsplash

Recently, the National Development and Reform Commission and the Ministry of Commerce released the “Catalogue of Industries for Encouraging Foreign Investment (2020 Version)”. The Chinese government hopes that foreign businessmen will invest in the industries listed in the document. The trade encouragement catalogue currently in use in China was released in 2020, and the 2022 version will come into force on 1 January 2023.

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Related news:

  1. Sentury internationalising with US tyre factory investment
  2. Pirelli and Hixih move closer together
  3. Rebuilding Sailun: Multi-billion dollar plans for new tyre and materials factories analysed
  4. ZC Rubber plans to add 2.5 million tyres production capacity
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Asahi Kasei invests in Circularise as part of 11-million-euro fundraising

Asahi Kasei has invested in Circularise B.V., a start-up company based in the Netherlands that provides digital product passports and mass balance bookkeeping software. Asahi Kasei made the investment valued at a total of 11 million euros together with Brightlands Venture Partners, 4impact capital and Neste in November 2022.

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Related news:

  1. Asahi Kasei Europe joins blockchain technology pilot
  2. ExxonMobil begins Shanghai centre construction
  3. Evonik and Wacker back German technology fund
  4. Saudi Arabia investing US$2 billion in solar/carbon black complex
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Nokian Tyres: “substantial uncertainties” relating to timing of Tatneft deal closure

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At the end of June, Nokian Tyres announced that it was executing a “controlled exit” from Russia. By August Russian news sources were reporting that Nokian was accepting “binding offers” for its Russian tyre plant up until the end of September. At the end of October, Nokian confirmed that it had agreed terms with Tatneft to sell its Russian tyre operations for roughly 400 million euros. More than a month later, Nokian Tyres spokespeople are speaking of “substantial uncertainties” relating to the Tatneft deal.

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Related news:

  1. Nokian moves selected tyre production out of Russia
  2. Nokian tyres implements Ukraine contingency plans, donates to UNICEF
  3. Nokian Tyres investing 650 million euros in greenfield factory in Romania
  4. Nokian Tyres staying in Russia
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Bandvulc invests in robotic retreaded tyre production upgrades

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Continental

Bandvulc has invested in the installation of an Automated Build Cell (ABC) Robot at the Ivybridge plant. Head of Hot Retread Production at Bandvulc, Tony Mailling, explained how the upgrade has increased efficiency:

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Related news:

  1. Vacu-Lug adds further retread manufacturing upgrades
  2. Conti’s Bandvulc purchase results in UK market remoulding
  3. Marangoni deploys new compound system in Rovereto
  4. Bandvulc’s investment in quality control and personnel development helps ‘set the standard for retreads’
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Cheng Shin Rubber increased capital in Indonesia factory

Cheng Shin

On 10 November, Cheng Shin Rubber Ind., Co., Ltd. announced that it is preparing to increase the capital of PT. Maxxis International Indonesia by US$30 million (about £25.53 million pounds; 29.01 million euros). Cheng Shin Rubber said that the capital increase meets the operation’s needs.

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Related news:

  1. Cheng Shin investing more in Indonesia project
  2. Maxxis/Cheng Shin investing $500 million in tyre factory construction and expansion
  3. Indonesia’s president-elect supports Maxxis tyre factory plans
  4. Chinese contingent view potential Thai rubber sources
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Pirelli invests 114 million euros in Silao, Mexico tyre factory

Pirelli

Pirelli marked the 10th anniversary of its Silao, Mexico factory with the announcement of 114 million euros of investment, envisaged in the 2021-2022 to 2025 industrial plan. The construction project is aimed at further increasing high-value production at the Mexican site and will take place during a two-year period, according to the company. As a result, the plant will see an increase in production capacity of over 1 million units, making a total of 8.5 million tyres a year by 2025 when fully operational, up from 7.2 million at the end of 2022.

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Related news:

  1. Brembo to invest €32 million in Mexico caliper plant
  2. Pirelli expands Romania factory and warehousing
  3. Pirelli and Hixih move closer together
  4. Pirelli stops new investment in Russia, puts brakes on tyre manufacturing in Russia
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Greenval Technologies investing 20 million euros in Spain pyrolysis tyre recycling plant

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Greenval Technologies

Greenval Technologies has announced plans to invest 20 million euros in the construction of tyre pyrolysis/energy generation plant in Aspe, Spain. The facility is scheduled to start running in 2023 and will generate more than 100 jobs during construction plus 30 ongoing jobs at the facility. Aspe City Council is said to be already studying the proposal in light of the necessary licenses.

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Related news:

  1. Enviro completes Michelin share offer
  2. BASF invests 16 million euros into Pyrum waste tyre oil recovery
  3. Sustainability: ZC Rubber setting up tyre pyrolysis, recycling facilities
  4. Kwik-Fit and Stapleton’s owner ETEL buys leading tyre recycling firm Murfitts
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Nokian Tyres investing 650 million euros in greenfield factory in Romania

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Michel Bossart; Pixabay

Nokian Tyres’ is investing around 650 million euros in a new passenger car tyre factory in Romania. The new greenfield factory will be located in Oradea in the North-West of Romania, near the Hungarian border. The annual capacity of the factory will be 6 million tyres, with expansion potential for the future. According to an official statement, the site will also house a distribution facility for storage and distribution of tyres. Construction is scheduled to begin in early 2023 and the first tyres are estimated to be produced in the second half of 2024. Commercial tyre production is expected to start in early 2025.

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Related news:

  1. Nokian to invest $360 million in new US tyre factory
  2. Nokian moves selected tyre production out of Russia
  3. Ukraine war continues putting tyre production under pressure
  4. Nokian sells its Russian tyre operation to Tatneft for 400 million euros
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Britishvolt close to collapse

The Financial Times is reporting that UK battery firm Britishvolt is close to collapse after £100 million of funding for its £3.8 billion electric vehicle battery gigafactory failed to materialise.

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Related news:

  1. Britishvolt considering Wales for huge battery factory
  2. New chapter in politics parallels new chapter in UK automotive manufacturing
  3. AMTE Power and Britishvolt move towards UK’s first Gigafactory battery manufacturing factory
  4. Britishvolt names key strategic partners
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Maxxis, Bridgestone investing in India

According to local media sources, both Bridgestone and Maxxis plan to ramp up their activities in India. Maxxis Group intends to invest a further US$100 million over the next five years to capture a 15 per cent stake in the two-wheeler tyre market, while Bridgestone Corporation is looking to increase its production capacity for car tyres by ten per cent next year to meet rising demand from both OEM and aftermarket customers.

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Related news:

  1. Bridgestone investing $304 million to expand plants in India
  2. New warehouse, increased capacity at Bridgestone’s Hungary tyre plant
  3. Capacity expansion: TVS Srichakra signs MoU
  4. BKT looking to further increase capacity
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Goodyear Montluçon two-wheel tyre transition completing in early 2024

Christian Marx/Profil Verlag

Following the news that Goodyear is investing in converting its Montluçon into a two-wheel tyre production centre of excellence, company officials have confirmed that, subject to consultation with the relevant employee bodies, Goodyear expects the plans to be “substantially complete by the beginning of 2024”.

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Related news:

  1. Goodyear investing 16.5 million euros in Montluçon motorcycle tyre production, ends light-truck tyre making
  2. Seyoun Tire’s 3.2 million tyre factory project gets underway
  3. French union wants Titan talks over Amiens Nord
  4. ZC Rubber’s Anji factory starts making tyres
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Goodyear investing 16.5 million euros in Montluçon motorcycle tyre production, ends light-truck tyre making

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Christian Marx/Profil Verlag

Following the news that it is consulting on the closure of the Cooper Melksham tyre factory, Goodyear has announced that it is set to invest 16.5 million euros into the “modernisation” of its Montluçon, France tyre production plant over the next 18 months. The news also marks the end of light truck tyre production at Montluçon. Prior to the announcement, the production of two-wheel tyres accounted for 50 per cent of the site’s activity and the site has also made motorsport tyres during its recent history.

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Related news:

  1. Cooper begins consultation on plans to close Melksham factory by end of 2023
  2. Is Continental about to break into PCLT tyre global big 3?
  3. Goodyear approached Cooper Tire regarding multi-billion-dollar acquisition
  4. Decennial shift in global PCLT tyre volume market share
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Guizhou (Advance) Tyre plans to expand EU sales

Online investor Q&A

On 14 October, Guizhou Tyre (also known as Advance Tyre) answered several questions from investors during an online T&A. Tyrepress has analysed the questions and presents a selection of Guizhou Tyre’s answers here.

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Related news:

  1. Guizhou/Advance starts European company, TUV SUD TBR testing, car tyre range and talk of new tyre plant
  2. Guizhou Tyre raises 1 billion yuan for Vietnam tyre factory in private share issue
  3. Guizhou Tyre Vietnam plant officially put into operation
  4. Guizhou Tyre terminates ‘all-steel tyre project’
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Aeolus makes first 63-inch giant OTR tyre

Aeolus

On 11 October, a 59/80R63 radial engineering tyre rolled off the production line at Aeolus’s Jiaozuo manufacturing base. This giant OTR tyre has a diameter of over four metres and a weight of nearly six tons. It is mainly used for giant mining weighing about 400 tons.

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Related news:

  1. Aeolus becomes Prometeon Tyre Group
  2. Prometeon/Aeolus integration stalls
  3. Yokohama Prometeon bid nearing completion, Aeolus Tyres now involved
  4. Aeolus officially controls 100% of Prometeon Tyre Group
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