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Bridgestone to expand production of truck and bus tyres

Bridgestone Corporation has announced that it will increase production capacity of truck and bus radials at three plants in Japan, and will double the planned capacity at a plant currently under construction in Thailand. The reason is to cater for continuing growth in global demand for truck and bus tyres.

Production at the three Japanese plants at Amagi, Tochigi and Tokyo will increase to 1,300 tyres per day, thanks to an investment of two billion Yen (US$16.86 million), with expansion work expected to be complete by the end of 2004.

In Thailand, subsidiary company Bridgestone Tire Manufacturing (Thailand) Co. Ltd., has doubled the capacity originally planned for the plant it is building in Chonburi. Construction work began in February this year and the plant will begin production in the second half of 2004, with a daily production of 2,500 tyres. The latest expansion plans will see this increase to 5,000 tyres a day by the end of 2006, and they will cost seven billion Yen ($59 m), bringing the total investment in Chonburi to 24 billion Yen ($202.3 m).

These projects are part of Bridgestone’s on-going, global plans for expanding production capacity in radials for trucks, buses and passenger cars. Car tyre investment will address the shift in demand towards larger sizes and high-performance tyres in the mature markets of North America, Europe and Japan. At the same time, it will cater for growing demand for standard tyres in Asia, the Middle East and Africa.

The Bridgestone group has earmarked around 90 billion Yen for its capital spending programmes by the end of 2006.

4th September 2003/by Tyrepress Editors

Bridgestone Announces Expansion Of Truck And Bus Tyre Production

Bridgestone Corporation has announced an expansion in truck and bus radial production at three plants in Japan and one in Thailand. In Japan, two billion Yen (US$16.86 m) will be spent to increase capacity to 1,300 tyres a day. The factory at Chonburi, Thailand, will begin production in the second half of next year, at a rate of 2,500 tyres daily, which will double by 2006. Total investment in the plant will reach 24 billion Yen ($202.3 m).

13th August 2003/by Tyrepress Editors

Mercedes Contract For Thai Goodyear Plant

Goodyear (Thailand) Ltd. has been granted the contract to be the exclusive supplier of high performance tyres to Mercedes for the Asean countries. Around 15,000 tyres will be supplied monthly from August, when the contract begins – any specific tyre sizes not made by the Thai company will be sourced from Goodyear plants in other Asean countries. The contract is part of Mercedes-Benz’s plans to simplify procurement.

30th June 2003/by Tyrepress Editors

Thailand bans used tyre imports

Thailand’s Commerce Ministry has said that it will impose a ban on imports of used tyres from 29th July in a bid to prevent any negative impact on the environment and human health. The ban covers imports of used tyres for passenger cars, buses, trucks, bicycles and motorcycles, including parts of tyres for these vehicles, the statement said. The ban won’t cover tyres which are attached to imported vehicles or those imported for research purposes.

12th June 2003/by Tyrepress Editors

Bridgestone To Invest In Thailand Too

Bridgestone is to invest 12.6 billion Thai Baht (256.79 m Euros) to raise output in Thailand of tyres, cord and carbon black, in order to meet expected rising global demand. Steel cord production at the Chon Buri factory will triple to 28,000 tonnes by 2005 and work will start on building a tyre factory there next April, producing 900,000 radial truck and bus tyres in the second half of the year. The Bridgestone group in Thailand consists of seven companies and the latest investments will see the local workforce grow from the present 3,600 to 5,500.

28th May 2003/by Tyrepress Editors

Bridgestone To Build Thai Carbon Black Plant

Bridgestone is to invest 1.7 billion Thai Baht (36.2 million Euros) in a new plant to produce carbon black. The factory, which will be sited in Rayong, Thailand, will begin production next year, with an annual capacity of 40,000 tons. It will be operated by the subsidiary company Bridgestone Carbon Black Thailand Co. and it is thought that the majority of output will go for export.

7th March 2003/by Tyrepress Editors

French manufacturer takes 10% stake in Hankook (Update)

Towards the end of January, news broke of a partnership agreement between Michelin and Hankook Tire, whereby the French manufacturer took a 10 per cent stake in the Korean company. The deal was signed in Seoul by Hankook Tire president Choong Hwan Cho and Michelin Asia-Pacific president Jean-Marc François and, according to the official communiqué, the purpose was to allow the companies to exploit synergies in a search for common opportunities to develop their respective positions in the tyre market.

18th February 2003/by Tyrepress Editors

Rubber Triumvirate Creaking

Speaking in Malaysia, on recent news that Thailand may not cut rubber supply by four per cent as previously agreed by the three key producers, Primary Industries Minister Datuk Seri Dr Lim Keng Yaik said “I hope that is a misquote. However, should it be true, there was an urgency to have a discussion with Indonesia and Thailand. After all, being the biggest producer, Thailand is benefiting more with the present high level of prices.” The three countries, which account for about 60% of world rubber production, agreed in Bali in 2001 to cut exports and output by 10% and 4%, respectively, aiming to support rubber prices.

12th February 2003/by Tyrepress Editors

New Plant For Bridgestone

Bridgestone Corp, Japan’s largest tyremaker, said on Tuesday it would spend 17 billion yen to build a third tyre plant in Thailand to meet growing demand for truck and bus tyres, particularly in Asia. The development, first notified in December 2000 by T&A, could also take Bridgestone to the number one position in the global tyre market. Bridgestone said in a statement that the new plant, located in Chonburi, 60 km south of Bangkok, would produce and export tyres to the Americas, Europe, the Middle East, Africa, and other Southeast Asian countries. “The new plant is a move to provide a multilateral, global response to the growing worldwide demand for truck and bus tyres,” said a spokesman for Bridgestone.

27th November 2002/by Tyrepress Editors

MIRS Plant For Thailand?

Pirelli is said to be considering Thailand as a location for one of its MIRS plants, as the company aims for a 10 per cent share of the Thai market. A new Scorpion 4×4 tyre is expected to be launched in Thailand next June – the 4×4 sector is an important one, as Thailand is a major Asian market for pick-up trucks.

8th November 2002/by Tyrepress Editors

Asia Vital To Auto Industry – Report

Automotive consultants Autopolis pinpoint Asia as “critical” to the world’s car and truck manufacturers in the coming years. While sales are expected to continue falling in Europe and North America, over the next decade sales in Asia (excluding Japan) will grow at over seven times the global average, autopolis predicts, with the fastest growth in China and Thailand. Sales of vehicles in China for the year 2010 are predicted to be 4.75 million; more than double the figure for the year 2000.

14th October 2002/by Tyrepress Editors

Maxxis To Build Plant In Thailand

Maxxis International, perhaps better known in the tyre world as Cheng Shin Rubber, is to build a new factory in Thailand to produce passenger and light truck tyres. Phase 1 of the multi-phase project will be completed in late 2004, when the factory will be producing 10,000 tyres a day, employing 1,700 staff. The site, in Rayong City, south of Bangkok, covers 72 acres. This new venture is the latest in a series of expansions for Maxxis; it is expanding its factory in mainland China, has moved to a larger distribution centre in California and expanded its US HQ in Suwanee, Georgia.

8th October 2002/by Tyrepress Editors

Bridgestone Group to Expand Global Production Capacity

Bridgestone Corporation has announced that it and its subsidiaries will expand their collective production capacity worldwide. It also announced that the Bridgestone Group will realign the geographical distribution of production capacity for different kinds of products. Bridgestone and its subsidiaries will invest approximately 250 million dollars in the production expansion and realignment, according to the announcement. The moves are measures to cope with the shift toward larger sizes of passenger car tyres in the industrialised nations and the growing demand for commodity-grade tyres in the newly industrialising economies of Asia and elsewhere.

14th August 2002/by Tyrepress Editors

Employee Shareholding Plan From Michelin

Michelin is offering 100,000 employees worldwide the chance to become preferential shareholders in the group. Employees will be able to purchase shares until the end of April with a discount and they will have usual shareholder rights, including access to financial information sent by Michelin to its employees. The object is to strengthen the relationship between the company and its employees and to give them a stake in the group’s development.

10th April 2002/by Tyrepress Editors

Cuts In Rubber Output Planned

Indonesia and Thailand have threatened to cut rubber production. Indonesia and Thailand are planning an immediate 10 per cent cut in production in a plan to push prices up by as much as 30 per cent. Malaysia is expected to follow suite. If the cuts are effective it could result in 20 per cent price rises in the retail prices of tyres. In order to sustain the cuts, Indonesia and Thailand are proposing to convert rubber plantations into alleged cash crops such as cocoa and coffee. It is expected that the main beneficiary of this move would be Russia, the main producer of synthetic rubber.

29th January 2002/by Tyrepress Editors