By David Shaw On 12 November, Triangle Tire issued a Chinese-language stock market announcement announcing plans for two tire factories at an unspecified location in North Carolina, United States. These will be Triangle’s first non-Chinese manufacturing operations. In the first phase, Triangle plans to build a factory for 5mn units/year of high-performance PCR and SUV
Some of the top issues affecting the global tire industry today include: Price changes New mobility models Tariffs Developments in China’s tire industry Sustainability Management of change Our newest Annual report “” takes a deep dive into these critical subjects. Pricing and financial performance Our looks at the volatile history over the last 12 crazy
On June 13th, Shandong Linglong Tires Ltd announced a preliminary notice of its initial public offering (share offering) on a Chinese stock exchange. The issuer’s stock is shortened as “Linglong tire”, stock code “601966”on the Shanghai Stock exchange. The company aims to issue 200m shares at RMB12.98 (USD1.97) each, raising a maximum of almost USD400m.
Sumitomo rubber has officially opened its new agricultural tire factory at Amata City Industrial Estate, Rayong Province. This is the firm’s first factory outside Japan for agricultural tires. The rise in global food demand has pushed the requirement of agricultural equipment tires in Thailand. Approximately 13 billion yen has been invested in the new 130000
Hankook Tire has been awarded investment aid of euro 57.9 million from The European Commission for the construction of a new tire plant in Racalmas, Fejer County, Hungary. This project will involve a total investment of € 305.5 million. It will be adjacent to the company’s existing plant in Hungary. According to the commission’s investigation,
Anno Berkowsky, head of the Lanxess subsidiary Rhein-Chemie said at the opening of the new pre-dispersion production facility in Russia, “Rhenogran – which we will produce at the new site in Lipetsk – is one of our most established and important brands, and has a leading position in polymer-bound rubber additives. It can significantly shorten mixing
Lanxess has opened a production facility in Russia under Rhein Chemie. The subsidiary company creates polymer-bound rubber additives for the Russian market. The products that they make are mainly used in the automotive and tire industries. Lanxess claims that they invested a seven-digit figure into their new facility. Werner Breuers, a member of the Board of Management
Continental is to expand annual production capacity of its truck and bus tire plant in Puchov (Slovakia). The capacity will increase from around 2.6 million tires to over 3 million over the next couple of years. Continental will invest €100 million into EMEA for this project. Continental says that the expansion is down to an increased demand for their truck tire
According to Kenda and a report by the Taipei Times, Kenda Rubber Industrial Co is increasing its production capacity for car tires. The company announced at its annual share-holder’s meeting that it would increase its tire capacity by 50% to 38,000 units a day by the end of this year. Kenda plans to raise its
Lanxess is restructuring its plant network and portfolio for its Rubber Chemicals business unit. Two product lines will be ended and one factory closed. Production at two factories will be swapped to rationalise production Production of age inhibitors Vulkanox 3100 and Vulkanox DPPD will be stopped and the plant that creates them, the Isithebe site
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