As many of you know, I’ve been talking to many people in the global tire industry but last week at the excellent Latin American Tire show in Panama, organized by Gustavo Lima and his team, I had a bit of a revelation. I’d like to share it with you. We all know there are hundreds
In the previous article, I addressed how the international tire makers’ profitability in China might be threatened by greater availability of consumer data on tires. This article looks at the situation of China’s tire makers and how that might change in the coming decade or so. Falling prices China’s tire industry is probably the most
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,
The huge Kemya Elastomers project being built in Jubail, Saudi Arabia is on target to come on stream in mid-2015, according to Abdullah S. Al-Rabeeah, Executive Vice President, Performance Chemicals at SABIC. SABIC is one of the two 50-50 joint venture partners building the project. The other is Exxon Chemical Arabia. That is a wholly-owned
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
Michelin has opened the first phase of its new factory in Shenyang, China. The project is huge. Total investment is scheduled to be US$1500 million (1,500,000,000). It will make many kinds of tire, including the cars tires, light truck tires, truck and bus tires. Total capacity will be 12 million units/year. This is projected to
Pirelli and its Russian joint venture partner have officially opened a new tire manufacturing line at the factory in Voronezh. The investment includes a mixing centre. The new line is capable of making the latest Winter tires for use in Russia and the rest of Europe. The factory will begin shipping the tires from March
“Ceat Ltd” says has updated its plans to build a tire factory in Bangladesh. The business will now be a joint venture with a local company. The factory will make cross-ply (bias-ply) tyres for trucks, light trucks and 2- and 3-wheel vehicles. Most of the output will be used in Bangladesh. About 20 percent will
A weekly newsletter of developments in the China tire industry including news reports and David Shaw’s expert commentary and analysis.
Monthly English & Chinese language newsletter bringing together global news stories covering retail, strategy, sustainability and legislative issues.