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Hungary plant – Apollo Tyres anticipates €300M investment by end of fiscal year

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Apollo Tyres’ Enschede plant in the Netherlands has a 200 tonne per day capacity and currently operates at more than 90 per cent capacity utilisation, and to supplement output within the region the tyre maker is currently erecting a brand new factory in Hungary. During a conference call last week, Gaurav Kumar, chief financial officer at Apollo Tyres Ltd., confirmed that the company has planned a capital expenditure of €200 million for the project during the current financial year (1 April 2016 to 31 March 2017).

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Related news:

  1. Apollo Tyres: Netherlands car tyre production down, but not out
  2. Increasing ag focus: Apollo Vredestein reducing PCR production in Netherlands plant
  3. Aiming for market leadership: Apollo investing a further £610 million in India
  4. Apollo Tyres restarting production in Hungary & India
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Sentury Tire looking to erect US plant at Tennessee ‘Megasite’

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When Tyrepress.com visited Qingdao Sentury Tire Co., Ltd in China late last year, newly-appointed executive vice-president Rami Helminen shared details about the US factory project he’d been hired to head. He disclosed that “hundreds of millions of US dollars” would be invested in a factory, and that a search for a suitable site was already underway. It appears the tyre maker has decided upon a location in the state of Tennessee.

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Related news:

  1. Sentury Tire chooses SSOE for US plant design
  2. Sentury Tire: Plans for USA tyre plant on hold
  3. AvanTech: Sentury Tire launches US tyre subscription scheme
  4. Nokian Tyres starts trial production in USA
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New tyre plant: Conti talking incentives with Thailand

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Continental’s interest in setting up a tyre factory in Thailand has been the subject of rumour for years, and once again the topic is on the table. Bangkok-based newspaper The Nation shares that Sirivan Koo-Amphorn, general manager of Continental Tyres Thailand, is meeting with government representatives this week to discuss incentives and other support that may persuade Continental to select Thailand ahead of rivals such as China. A decision on the location of Continental’s new factory is expected to be taken by the end of this year.

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Related news:

  1. Continental chooses site in Thailand for new APAC region tyre factory
  2. Continental begins equipping new Thailand tyre plant
  3. Official opening for Continental’s Thailand tyre plant
  4. Continental starts work on motorcycle tyre plant in Thailand
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SRI building new Brazil plant to meet growing demand for truck tyres

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In order to furnish the Brazilian market with a steady supply of locally-made products, Japan’s Sumitomo Rubber Industries, Ltd. is investing 312 million real (£73.0 million) to add a truck and bus tyre manufacturing capability to its site in Fazenda Rio Grande, Paraná state. The investment will cover the cost of erecting a new premises adjacent to the existing passenger car and truck tyre manufacturing facility as well as new production equipment. A March 2019 start to truck and bus tyre manufacture is scheduled, and the initial capacity will be 500 tyres per day.

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Related news:

  1. SRI doubles planned capacity for Brazil truck tyre plant
  2. Update: Brazil project introducing ‘Sun’ production technology to truck tyres
  3. SRI increasing capacity at US tyre factory
  4. Linglong Tire greenlights Serbia factory project
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Official opening for Kumho’s US tyre factory

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Kumho Tire has held a ceremony to mark the opening of its new factory in the USA. The facility in Macon County, Georgia, enters operation with the capacity to produce up to four million tyres a year, and will later be expanded to a capacity of up to ten million tyres per annum.

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Related news:

  1. Kumho to Receive $250,000 Incentive for US Plant Establishment
  2. Construction of Kumho US Plant to Start This Year
  3. Camso to open new track manufacturing plant
  4. Nokian Tyres starts trial production in USA
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Mexico: Pirelli to build second tyre factory

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Pirelli has announced a US$200 million investment in Mexico to establish a second factory near its existing passenger car tyre plant in Silao, Guanajuato state. The project to build the facility was announced during yesterday’s visit by Italian Prime Minster, Matteo Renzi, to Palacio Nacional in Mexico City, where he met with President of Mexico, Pena Nieto.

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Related news:

  1. Rosneft buys 13 per cent of Pirelli
  2. Pirelli shareholding to be controlled by ChemChina
  3. ChemChina Pirelli buy-out underway
  4. Official opening for Hankook’s US tyre plant
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Camso inaugurates Vietnam solid tyre plant

With its new solid tyre plant in Vietnam’s Bình Dương Province, Camso says it aims to “gain leadership position in the Asian material handling market.” The off-road tyre and track specialist completed the 23,000 square metre plant in the town of Tân Uyên within 14 months and views the site as “an ideal location” for further diversifying Camso’s manufacturing operations and improving the company’s competitiveness. The manufacturer adds that the plant is equipped with “best-in-class manufacturing technology.”

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Related news:

  1. Maxam Tire opens new solid tyre factory in Vietnam
  2. Official opening for Bridgestone’s Vietnam plant
  3. Kenda Rubber investing £200M to build car tyre factory in Vietnam
  4. Camso to open new track manufacturing plant
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Dmack said to be looking at UK production

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At present, all Dmack tyres are manufactured in China. However if news published today by the News&Star is correct, Dmack production may begin in the UK within the next two years. The publication writes that “plans have been unveiled for a £200 million factory in Carlisle.” Tyrepress.com has reached out to Dmack for further details about this project and will publish them when they become available.

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Related news:

  1. Dmack seals sixth British Rally Championship victory in Carlisle
  2. Dmack to take ‘full control’ of tyre production in Marangoni Rovereto deal
  3. Dmack targeting ‘correct’ dealers to deliver mid-range PCR strategy
  4. Dmack launches UK-made gravel tyre range
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Continental to build $1.45 billion tyre factory in North America

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The US state of Mississippi has approved an incentive package for a US$1.45 billion tyre factory that Continental intends to build in the state. The incentives approved by the Mississippi State Legislature include providing loans of $263 million and various tax breaks. Mississippi will also assist with site acquisition and preparation work, and help with the cost of building the facility.

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Related news:

  1. Continental celebrates official start of US factory project
  2. New US plant to meet growing demand for Continental truck and bus tyres
  3. Sentury Tire: Plans for USA tyre plant on hold
  4. BKT: No USA plant for the “foreseeable future”
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Tyre production on the rise at ATG’s third factory

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Alliance Tire Group, or ATG, calls itself the industry’s fastest-growing manufacturer of off-highway tyres. To support this expansion the company recently opened a new factory in Dahej, India. The tyre maker says the state-of-the-art 122,000 square metre plant utilises the latest manufacturing technologies and is currently able to produce 90 tonnes per day or 33,000 tonnes of tyres per annum, with capacity expected to rise to 57,000 tonnes a year by the end of 2016.

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Related news:

  1. EATD to distribute Mahansaria off-highway tyres in 8 European markets
  2. ATG gets high in South America
  3. ATG presenting two ‘top performers’ at The Tire Cologne
  4. ATG presents new Alliance solutions for farming & forestry
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BKT preparing for 51-inch giant tyre production at $500 million plant

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The northwest region of India’s Gujarat state is home to large areas of desert where you may encounter thorny shrubs, packs of wild animals – and a state-of-the-art US$500 million tyre factory. On a 312 acre site, Balkrishna Industries Ltd. (BKT) has erected one of the largest off-road tyre plants in the world, a facility capable of producing 325 tonnes of tyres per day. Tyres & Accessories visited in early December.

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Related news:

  1. Early 2016 opening for BKT R&D centre
  2. Pirelli truck tyres separating and merging with Aeolus/ChemChina
  3. Maxam moves operational team to Sailun Europe’s UK office, plans expansion
  4. BKT opens India R&D centre
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Sailun to build all-steel, OTR tyre plant in Vietnam

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The Sailun Jinyu Group has informed the Shanghai Stock Exchange about plans for its wholly-owned Vietnamese subsidiary, Sailun (Vietnam) Co., Ltd, to invest up to US$200 million in all-steel belted tyre and off-highway tyre production. At a meeting held on 8 December, the Sailun Jinyu Board of Directors unanimously approved the project.

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Related news:

  1. BKT preparing for 51-inch giant tyre production at $500 million plant
  2. BKT: No USA plant for the “foreseeable future”
  3. First TBR tyre produced by Cooper, Sailun Vietnam JV
  4. Maxam Tire opens new solid tyre factory in Vietnam
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Kenda Rubber investing £200M to build car tyre factory in Vietnam

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Taiwan’s Kenda Rubber intends to significantly increase investment in Vietnam and establish a large passenger car tyre plant there. In an interview with Channel NewsAsia correspondent Victoria Chen, company chairman Yang Ying-ming said NT$10 billion (£200.5 million) would ultimately be invested to erect this facility, which will most likely be Kenda’s largest tyre factory and boast production capacity rivalling that of Kenda’s operation in China.

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Related news:

  1. Official opening for Bridgestone’s Vietnam plant
  2. Sailun to build all-steel, OTR tyre plant in Vietnam
  3. Guizhou Tyre to set up tyre plant in Vietnam
  4. Chinese tyre makers off-shoring in Southeast Asia
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Decision on a third Nokian Tyres factory still months away

Ari Lehtoranta has commented on Nokian Tyres’ proposed new factory ahead of the company’s Capital Markets Day, which takes place today in Helsinki. The president and chief executive officer says a decision regarding the factory and its location will be made by the fourth quarter of 2016.

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Related news:

  1. Europe, America or Asia – Nokian evaluating sites for a new tyre plant
  2. Nokian Tyres publishes 2014 CSI report
  3. Nokian Tyres increases net profit 15.5% in 2015; sales and operating profit down
  4. Nokian Tyres starts trial production in USA
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Maxxis developing plans for India tyre plant

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Talking to Tyrepress about its latest expansion project, Maxxis chairman Tsai-Jen Lo has visited the chief minister of the Indian state of Gujarat in order to finalise plans for Maxxis’ first plant in India. The latest plant, joining ten other Maxxis plants located throughout Asia, is due to be ready for operation in early 2017.

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If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

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Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. BKT preparing for 51-inch giant tyre production at $500 million plant
  2. Reports: Apollo chooses Hungary for new tyre factory
  3. Giti enters the top 10 of leading tyre manufacturers
  4. Sentury Tire chooses SSOE for US plant design
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