News from Notch Consulting, Inc.

April 5, 2019

Construction of Nokian’s Tennessee tire factory on schedule

Filed under: Tires — Notch @ 11:34 am

Eighteen months after breaking ground on its first North American tire facility, Nokian Tyres P.L.C. is on schedule to begin producing tires commercially by early 2020.

“It’s amazing to see what the construction team has accomplished in such a short time,” said Nokian Tyres Dayton Factory Operations Director Peter Chia. “Our rapid progress is a result of tremendous collaboration between several important partners.”

“When we were recruiting this project, our goal was to strengthen the community and our economic base,” said Dennis Tumlin, Executive Director of the Rhea Economic and Tourism Council. “It has exceeded our expectations with how quickly we have seen economic growth as a result. We couldn’t be more pleased.”

Four hundred workers at the Dayton Factory will produce approximately four million tires per year once the facility reaches full capacity. The company expects to hire as many as 200 of them by the end of the year.

Read the full press release here.

Prinx Chengshan breaks ground for Thailand factory

Filed under: Tires — Tags: — Notch @ 11:03 am

Chinese tire company Prinx Chengshan (Shandong) Tire Co. Ltd. has broken ground for its new manufacturing plant in Thailand. Production is projected to begin in mid-2020.

The tire maker is investing nearly US$300 million in infrastructure and production equipment for the first stage of production. The plant will adopt leading tire industry design philosophy and be set up according to artificial intelligence manufacturing standards. When the facility’s first stage is completed, it will be capable of producing 4 million passenger car tires and 800,000 all-steel truck and bus radials per year.

Prinx Chengshan expects the new facility to consolidate and expand its global production capacity, boost its international competitiveness, and better meet the needs of overseas customers.

“The establishment of the first overseas production base in WHA ESIE 3 in Thailand is a major step for the expansion of Prinx Chengshan,” said Che Hong Zhi, chairman of the board of directors of Prinx Chengshan (Cayman) Holdings Co. Ltd. and chairman of the board of Prinx Chengshan (Shandong) Tire Co. Ltd. He said investment in Thailand, “is an important step in forging Prinx Chengshan’s internationalized brand. It is also a favorable exploration to deepen the good-neighborly and friendly relations between China and Thailand, and promote the friendly economic exchanges between China and Thailand.”

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