News from Notch Consulting, Inc.

June 14, 2017

Michelin launches new concept tire ‘Vision’

Filed under: Tires — Notch @ 5:40 pm

As part of its Movin’On 2017 conference, Michelin has presented Vision, a new concept tire, which is a fusion of a number of cutting-edge technologies. The tire is airless, connected, rechargeable, customizable and organic. It is also both a wheel and a tire at the same time. The Vision concept was produced through “design thinking and in co-construction with users.”

Read more here.

Hankook says production on schedule at Clarksville plant

Filed under: Tires — Notch @ 5:19 pm

Hankook Tire America Corp. said tire production continues to ramp up on schedule at its new $580 million plant in Clarksville, Tennessee.

The South Korean tire maker said commercial tire production will commence later this year, as planned.

“We are currently ramping up tire production at the facility as we hire and train employees,” the tire maker said in a statement. “While the plant is not producing tires for commercial distribution at this time, the plant is operational, and our production ramp-up is tracking with the updated timeline.”

The Tennessee plant is being constructed in four phases. When all four phases are complete, the plant will have the capability of producing 22 million tires a year.

June 13, 2017

Pirelli to suspend tire production at its plant in Venezuela.

Filed under: Tires — Notch @ 9:24 am

Due to lack of raw materials, Pirelli will shut down production lines at its tire plant in Guacara, Venezuela on June 16. Though the company views it as a temporary measure, as when production was suspended for a time in January and February, it has widely been reported as an indefinite pause.

China’s Himaxer has started trial production at its polyurethane tire project

Filed under: Tires — Notch @ 9:03 am

China’s tire maker Himaxer has started trial production at its 1.2 million unit-per-year polyurethane tire project in Yunfu, the company disclosed.

Located in the city’s Xincheng Industrial Park, the project spans about 86,000 square feet and is operated by Himaxer’s local subsidiary Bainaite New Materials. It has $44 million investment of scheduled investment and is estimated to generate $235 million in annual sales when in operation.

Read more here.

June 8, 2017

Update: Wanli parent company to invest $1 billion in South Carolina plant

Filed under: Tires — Notch @ 3:46 pm

Guangzhou Vanlead Group Co. Ltd., the China state-owned entity that controls Wanli Tire Group, plans to invest $1 billion in two phases over eight years to build a radial tire plant in Orangeburg County, South Carolina. The first phase will be a plant capable of producing 6 million consumer tires a year.

At the 2017 China(Guangdong)-U.S. Investment Cooperation Conference held in Guangzhou April 20-23, Fu Shoujie, Chairman of Guangzhou Vanlead Group Co., Ltd. and Alan Daniel Young,Executive Director of the Coordinating Council for Economic Development at the South Carolina Commerce Department, signed a project investment Letter of Intention as the respective representatives from both parties.

You can read the full press release here.

June 6, 2017

Reports say Wanli is considering U.S. plant

Filed under: Tires — Notch @ 4:57 pm

Tire Business, among others, is reporting that China’s Wanli Tire Group is considering building a plant in South Carolina.

Several South Carolina newspapers and television stations, citing information gleaned from a South Carolina Joint Bond Review Committee meeting agenda, are reporting that Wanli is considering a site in Orangeburg County for a plant that would employ at least 400.

Read the story here.

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