News from Notch Consulting, Inc.

July 31, 2019

Toyo picks Serbia as site for new tire plant

Filed under: Tires — Notch @ 9:27 pm

From R&P News comes the news that Toyo Tire will build a $450 million passenger and light truck tire plant in Europe. Toyo has selected a 150-acre site about 35 miles northwest of Belgrade for the factory, which will be rated at 5 million units a year at full capacity. Toyo plans to break ground in May 2020 at the site in Indija, Serbia, with production slated to start by January 2022. The plant is expected to hit full capacity by summer 2023 with 500 employees, Toyo said. The plant will be Toyo’s eighth tire factory worldwide and make Toyo the 15th global tire company with production capacity in Europe.

2020 Corvette will feature Michelin all-season run-flats

Filed under: Tires — Notch @ 7:55 pm

Tire Business reports that the new 2020 Corvette will be equipped with Michelin’s Pilot Sport ALS run-flats, which Michelin said were designed in concert with Chevrolet engineers in response to customer feedback.The fitments are 245/35ZR19 front and 305/30ZR20 rear. The higher-powered Z51 version gets Pilot Sport 4S run-flats.

PCBL opens R&D center

Filed under: Carbon Black — Notch @ 7:49 pm

Phillips Carbon Black has completed a state-of-the-art R&D center at Palej, Gujarat. Spread over 27,000 square feet, the Sushila Goenka Research and Development Centre entailed an initial investment of Rs 20 crore (US$3 million) and currently employs 30 researchers. It will facilitate development of new carbon black products for tire, MRG, and specialty markets, including engineering plastics, fibers, food contact plastics, wire & cables, ink, paints, batteries and other applications.

Michelin considering future of German tire plant

Filed under: Tires — Notch @ 7:38 pm

ERJ reports that Michelin is considering the future of its car tire production plant in Bamberg as demand continues to fall for smaller-rim tire sizes.

The plant, which specializes in the production of smaller-sized passenger car tires, is facing “substantial difficulties” as competition from Chinese manufacturers increases and European drivers gravitate toward vehicles with larger tires, according to Maira Tuerk, site and change communication manager at Michelin Reifenwerke A.G.

“The range of low-budget products has developed rapidly, (and) since 2010, the market share of the 16-inch premium segment has dropped from 60 percent to 40 percent,” Tuerk said.

The French tire maker has entered into negotiations with the works council of the plant and unions to examine options for the future of the site.

The factory employs around 850 and manufactures 8 million tires per year.

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