News from Notch Consulting, Inc.

July 20, 2017

Sumitomo to expand China production

Filed under: Tires — Tags: — Notch @ 7:30 am

OSAKA — Sumitomo Rubber Industries will increase its Chinese production capacity of passenger vehicle tires by roughly 60% by 2020, anticipating brisk demand for fuel-saving tires.

The Kobe-based rubber company plans to boost capacity in China to 100,000 tires daily. To achieve this, it expects to spend about 30 billion yen ($267 million) to triple output at a plant in inland Hunan Province from around 20,000 to 60,000.

Read more here.

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Create a free website or blog at WordPress.com.

%d bloggers like this: