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Guizhou/Advance expands Vietnam plant ahead of 2026 European PCR tyre market entry

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The first truck tyres rolled off the production line at the Guizhou Tire factory on 1 April 2021, marking the completion of the first phase of the factory project. In December 2024, ground was broken for phase 3. Now, Guizhou Tyre, which is known internationally by its Advance Tyre brand, has shared details of how it has significantly expanded its Vietnam tyre production operation and where the tyres produced there are destined to be sold.

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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/Advance Tyre release further Vietnam factory plans
  3. CITExpo 2018: still room for small-medium Chinese players, though times are tough
  4. Guizhou (Advance) Tyre plans to expand EU sales
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Jinyu opens 10 million tyre capacity Vietnam car tyre plant

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Chinese tyre manufacturer Jinyu has hosted the official opening of its new passenger car tyre in Vietnam, which has recently been fully commissioned. Jinyu (Vietnam) Tire, locate in Tay Ninh Province, celebrated the first phase of its project as company executives, representatives from the local Vietnamese government, Phu Dong Industrial Park, partners, and employee representatives gathered to witness what it called “a significant milestone in the company’s globalisation journey.” Upon completion, due in the second half of 2026, the plant will have an annual capacity of 10 million passenger car and light truck tyres.

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Related news:

  1. Sailun confirms Jinyu and Shenyang double acquisition
  2. European car tyre imports rise despite apparent risks of offshoring production
  3. Nokian to invest $360 million in new US tyre factory
  4. Roadbot roadblock – Middle Eastern tyre factory stalls due to pandemic
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Serbia CV tyre import share surges as local production benefits help it into top 5 – Astutus Research

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This time last year, Tyres & Accessories reflected on the changes witnessed in the sources of commercial vehicle tyre imports into the 27 countries of the European Union and the United Kingdom (EU27+UK) since the EU’s tariffs regime and the change accelerant of the Covid pandemic. In 2017, China was supplying 65 per cent of all imports in this market, which at that point measured a little more than 7 million units. With Turkey the source of around 10 per cent, and Korea and Japan supplying around 5 per cent each, only around 15 per cent of CV tyre imports were sourced outside these four countries.

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Related news:

  1. Thailand now supplies more than a quarter of European truck tyre imports – Astutus Research
  2. European car tyre imports rise despite apparent risks of offshoring production
  3. China now in 3rd place as source for EU truck tyre imports
  4. EU-27 plus UK tyre imports rise 11% as winners and losers emerge from turbulent market
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Mesnac breaks ground on Vietnam production site

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On 9 January, Mesnac hosted a groundbreaking ceremony to mark the start of construction for Mesnac Union Technology (Vietnam) Co., Ltd., the company’s new production facility in Vietnam. Several senior members of the Mesnac team attended the ceremony, including company Vice President Xiang Kunhong and Zhou Chuanhai, General Manager of Mesnac Union Technology. The tyre industry machinery manufacturer also hosted representatives from Thanh Thanh Cong Industrial Zone as well as officials and guests from partner organisations.

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Related news:

  1. MERTC joins CEN working group
  2. Tyre mould maker EMT now a Continental operation
  3. Hankook Tire a partner in Korean tyre mould recycling project
  4. Mesnac consolidates regional operations into global tooling division
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Phase 2 expansion begins following Haohua Vietnam inauguration

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Some six weeks after the actual start of production at the Haohua Vietnam Co., Ltd tyre factory, company officials hosted national and local dignitaries for the facility’s inauguration on 14 December. During the ceremony, the company shared details about the planned second phase of development at the site.

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Related news:

  1. Haohua Tire gains investment certificate for Vietnam plant
  2. Haohua investing $500 million in Vietnam tyre factory
  3. Haohua Vietnam tyre factory starts production
  4. Aiming for the top 10: Sailun developing five-year plan to climb global rankings
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Cofo establishes Vietnam tyre factory

Cofo is building a manufacturing base in Vietnam with an annual output of 160,000 all-steel radial tyres and 800,000 semi-steel radial tyres. Li Shengfa, the company’s head, revealed in an interview with local media that “choosing to build a factory overseas will improve the supply of domestic and foreign markets to a certain extent, and will also help to absorb advanced technology and experience, to better develop and adapt to overseas markets”.

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Related news:

  1. Haohua investing $500 million in Vietnam tyre factory
  2. ZC Rubber’s Anji factory starts making tyres
  3. Guizhou Tire begins $350 million construction project on two China factories
  4. Seyoun Tire’s 3.2 million tyre factory project gets underway
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Guizhou Tyre’s Vietnam factory expands again

The third phase of the Guizhou Tyre Vietnam Factory project started on 25 November 2024. Nguyen Van Yong, chairman of the People’s Committee of Tien Giang Province, Vietnam, and Hu Zhongxiong, Secretary of the Guiyang Municipal Party Committee, attended the groundbreaking ceremony. The third phase of the Vietnam tyre manufacturing centre has a designed annual production capacity of 6 million semi-steel radial tyres.

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Related news:

  1. Jinyu: Further international tyre factories on the agenda
  2. Guizhou Tyre Vietnam plant officially put into operation
  3. Guizhou Tyre expands industrial tyres’ production
  4. Guizhou/Advance Tyre’s Vietnam factory 6-million-tyre project gains approval
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Guizhou Tire commences 3rd phase of Vietnam factory project

On 25 November, Guizhou Tire held a ceremony to mark the start of work on the third construction phase of its Advance Tyre (Vietnam) Co., Ltd. plant. Local government officials attended the ceremony together with counterparts from China and company management. When complete, the expansion will add 6 million semi-steel radial tyres to the plant’s annual production capacity.

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Related news:

  1. Kumho Tire announces 36% expansion for Vietnam plant
  2. Guizhou Tire begins $350 million construction project on two China factories
  3. Kumho Vietnam expansion enters trial operation stage
  4. Petlas invests $360m in new tyre production facility
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Kumho Tire announces 36% expansion for Vietnam plant

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At a meeting with local government officials on 13 November, Kim Hyun Ho, General Director of Kumho Tire Vietnam, informed that the Kumho Tire subsidiary intends to invest US$300 million to increase the plant’s passenger car and light truck tyre production capacity by 4.5 million units a year, to a total annual capacity of 17 million tyres. This 36 per cent capacity increase, phase 3 of expansion at the 2007-opened plant in Binh Duong Province, will bring total investment in the facility to $908 million.

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Related news:

  1. Sailun delays Vietnam plant expansion
  2. USA capacity increase complements doubling of Kumho’s Vietnam output
  3. 50% more tyres: Sumitomo Rubber USA expanding plant
  4. Petlas invests $360m in new tyre production facility
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Vietnamese truck tyre exports to be worth >US$3 billion by 2033 – report

In 2023, Vietnam’s commercial vehicle tyre exports reached a total value of US$1.305 billion. According to research conducted by Research and Markets, with the growth in global tyre market demand in 2024, the cumulative export value of Vietnam’s commercial vehicle tyres had already approached $600 million by May 2024. By 2033, Vietnamese truck tyre exports are expected to reach a value of $3.27 billion, which equates to a compound annual growth rate (CAGR) of 9.8 per cent.

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Related news:

  1. First TBR tyre produced by Cooper, Sailun Vietnam JV
  2. Guizhou Tire begins $350 million construction project on two China factories
  3. Thailand now supplies more than a quarter of European truck tyre imports – Astutus Research
  4. Haohua Vietnam tyre factory starts production
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Haohua Vietnam tyre factory starts production

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Tyrepress China has learned that Shandong tyre manufacturer Haohua’s Vietnam plant has the production capacity of PCR and TBR. The news follows the start of production at the plant on 28 October 2024. Photos from the scene show that the first tyres off the production line were both PCR and TBR lines.

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Related news:

  1. Tyre Technology – What’s Next?
  2. Marangoni to Restructure “Tyre Retreading” Business Area
  3. First TBR tyre produced by Cooper, Sailun Vietnam JV
  4. China’s GS Tire raises Cambodia investment to $300 million
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Guizhou/Advance Tyre’s Vietnam factory 6-million-tyre project gains approval

Earlier in October, Guizhou Tyre reported that phase III of its Vietnam factory project had made new progress, and “all domestic and overseas investment approval and filing procedures have been completed”. As a result, now the tyre manufacturer “will actively promote the construction of the Vietnam phase III project and strive to put it into production as soon as possible”.

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Related news:

  1. Guizhou/Advance Tyre enters the PCR market
  2. Guizhou Tire begins $350 million construction project on two China factories
  3. Guizhou Tyre Vietnam plant officially put into operation
  4. Guizhou (Advance) Tyre plans to expand EU sales
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South Africa launches investigation into tyres from Cambodia, Thailand and Vietnam

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Since September, the International Trade Administration Commission of South Africa (ITAC) has launched an investigation into the circumvention of anti-dumping investigations by redirecting tyres from China to Cambodia, Thailand and Vietnam.

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Related news:

  1. CITExpo 2018: still room for small-medium Chinese players, though times are tough
  2. China's Rubber Imports Jump 25% in July
  3. Apollo signs lease on Laos rubber plantation
  4. Chinese tyre makers off-shoring in Southeast Asia
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Sailun Group further investing in Vietnam

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During a meeting held today with Vietnam’s Deputy Prime Minister, Tran Luu Quang, Sailun Group confirmed its intention to continue investing in its business within the country. According to Vietnam News Agency, company chairwoman Liu Yanhua said Sailun Group will invest an additional US$200 million in Vietnam in future.

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Related news:

  1. China Automotive award for Sailun EcoPoint3
  2. Sustainability, safety & efficiency – Sailun debuts EV tyres, talks future plans
  3. Chinese tyre makers off-shoring in Southeast Asia
  4. SSE debut for new Sailun Group ticker symbol
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Goodyear receives AREA accolades for sustainability

Goodyear has gained two awards at the Asia Responsible Enterprise Awards (AREA) ceremony, held on 28 June 2024 in Ho Chi Minh City, Vietnam. The awards recognise the company’s commitment to sustainable and responsible business practices.

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Related news:

  1. Bridgestone amongst top 10 Sustainable Development Enterprises in Vietnam
  2. US women plump for Goodyear
  3. Tyre makers honoured with GM & Ford supplier awards
  4. Goodyear concludes large-scale solar project
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