News from Notch Consulting, Inc.

March 17, 2018

Maxxis opens 2-wheeler tire plant in India

Filed under: Tires — Tags: , , — Notch @ 4:06 pm

Maxxis International has launched its first tire manufacturing plant in India. The facility was inaugurated by Gujarat Chief Minister Vijaybhai Rupani.

Capacity at the Ahmedabad plant is rated at 20,000 motorcycle tires and 40,000 tubes a day in phase-one. The Taiwanese company invested $400 million to build the plant, its first in India.

The tire maker operates six plants in Taiwan; eight in China; and one each in India, Indonesia, Thailand and Vietnam. Capacity totals over 1 million tires a day.

Maxxis Tires is a wholly owned subsidiary of Cheng Shin Rubber Ind. Co. Ltd., the largest two-wheeler tire manufacturer and the ninth largest tire company in the world.

Referenced article found here.

Saudi NTC advances $1.2 billion tire plant project

Filed under: Tires — Tags: — Notch @ 3:32 pm

Saudi Arabian National Tire Co. is in the final stages of awarding the construction of its $1.2 billion tire production plant to an EPC contractor, according Farid Dudin, general manager of Victoria Trading FZCO and head of the tire plant project.

Among the top bidders is South Korea’s Samsung Engineering, Dudin said at the Tire Technology Expo, held Feb. 21-23 in Hanover, Germany.

“The EPC contractor will be fully-involved as an EPC contractor, but we will be in charge of selecting the machinery,” Dudin said.

The scope of the project has expanded to $1.2 billion from the original $1 billion, announced in January.

According to Dudin, the machinery will cost $800 million, and an additional $400 million has been set aside for land, construction, and other EPC costs.

Referenced article found here.

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