News from Notch Consulting, Inc.

April 16, 2019

BKT Tires Inaugurates New European Headquarters

Filed under: Tires — Notch @ 10:44 am

Inaugurated on April 5th, BKT’s new European headquarters in Seregno at the outskirts of Milan has been completely renovated to convey the company’s goal of achieving the “Next Level.”

“Creating our new headquarters is more than just an architectural project. For us, it also has an underlying strategic meaning,” explains Lucia Salmaso, CEO of BKT Europe. “We are constantly striving to increase our presence and market share in Europe and, above all, to get closer to our European OEM customers. Our goal is to permanently strengthen the presence of the BKT brand with Original Equipment Manufacturers (OEM), and we know how to achieve it. We have already opened many doors with our Aftermarket references and continue forging ahead with new opportunities. Our new headquarters has a key role in this regard.

The European market has proven to be essential for the company, representing 50% of BKT’s turnover, which surpassed $900 million at a global level last year.

Referenced article found here.

Nexen to begin trial production at Czech tire plant

Filed under: Tires — Tags: — Notch @ 8:49 am

Nexen Tire Europe is ready to begin trial production at its $1 billion greenfield tire plant in Zatec in northeastern Czech Republic, pending permission from “appropriate authorities.”

Nexen broke ground on the project in October 2015. Start-up of the first phase of the factory, producing roughly 15,000 units a day, was scheduled for 2018. Nexen plans to increase the plant’s production capacity gradually to over 12 million units a year.

Zatec is Nexen’s second tire plant outside Korea; the other is in Qingdao, China.

Reference article found here.

April 9, 2019

Linglong tire factory begins construction in Serbia

Filed under: Tires — Tags: — Notch @ 12:59 pm

China’s Shandong Linglong Tire Co. Ltd. has laid a ceremonial corner stone for its greenfield tire factory project in Zrenjanin, signaling the start of construction for the $994 million project in northern Serbia.

“Linglong’s arrival in Serbia is a great opportunity given by the openness and win-win of times. We will live up to our expectations, ensure the rapid and high-quality construction of the project, strive for early production, and at the same time, Linglong will strengthen cultural exchanges and integration with Serbia, aiming to contribute to the establishment of a healthy, stable and sustainable economic and trade cooperation between China and Serbia,” said Wang Feng, Chairman and CEO of Linglong Tire.

Construction will be in three phases over six years and will span 4.24 million square feet, Linglong said.

Operated by Linglong International Europe d.oo. Zrenjanin, the plant is rated at 13.6 million tires per year, comprising 12 million car tires, 1.6 million truck/bus tires, and 20,000 off-the-road tires.

Press release found here.

Sumitomo Rubber truck and bus tire production begins in Brazil

Filed under: Tires — Notch @ 8:52 am

Sumitomo Rubber Industries Ltd.’s Brazilian subsidiary has initiated production of radial truck and bus tires at its plant in Fazenda, Brazil following a $133 million, three-year expansion project.

SRI opened the 5.38-million-sq.-ft. plant in Brazil’s Parana State, southwest of Sao Paulo, in late 2013 after an investment of $345 million. Adding capacity for truck tires necessitated a physical expansion of the plant by about 144,000 square feet, SRI said.

Read the full press release here.

Continental adding ContiSeal, ContiSilent production to South Carolina plant

Filed under: Tires — Tags: — Notch @ 8:33 am

Continental Tire the Americas is expanding its plant in Sumter, South Carolina to accommodate production of the company’s ContiSeal puncture-sealing and ContiSilent noise-absorbing passenger tire lines.

The project will add about 29,0000 square feet to the approximately 2 million square feet of manufacturing space. Conti did not disclose its investment in the expansion but said the project should create up to 50 jobs dedicated to the new production lines.

Producing these tires in the U.S. will increase the supply of tires on hand and reduce the turnaround time from order to delivery to customers throughout the region. Conti produces the ContiSeal and ContiSilent tire lines at plants in Otrokovice, Czech Republic, and Lousada, Portugal.

“We have listened to the needs of our customers and are excited to offer products and solutions designed to ensure a quieter and more comfortable ride, which undoubtedly will become increasingly important as we see more electrification and autonomous vehicles in the market,” said Ahmed Boualam, Sumter plant manager.

Continental plans to begin installing equipment in September, and is targeting the start of production for May 2020. The new lines will be rated at 1 million tires a year full production in 2021, Conti said.

Referenced article found here.

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.”

March 21, 2019

Updated EU tire label to include snow and ice grip information

Filed under: Tires — Notch @ 11:42 am

The EU is updating its rules on the energy performance labeling of tires and extending its scope to tires for heavy-duty vehicles. The labels will be displayed more visibly for consumers and include information on snow and ice grip.

“The new rules will benefit customers, who can make an informed choice on the safety and fuel efficiency of their tires. They will also contribute to the reduction of greenhouse gas emissions in the road sector and thereby help the EU meet its commitments under the Paris Agreement,” said Anton Anton, Minister for Energy of Romania and chair of the Council.

Read the full press release here.

Michelin Selfseal tires OE on new Ford Explorer

Filed under: Tires — Notch @ 11:34 am

Ford Motor Company will equip the new Ford Explorer with Michelin Selfseal tires. The 2020 Explorer is the first SUV to offer Michelin Selfseal tires, according to Ford.

The company claims the tires seal 90 percent of tread punctures up to a quarter-inch in diameter and help drivers avoid potentially dangerous side-of-the-road repairs, lost time, and loss of vehicle control.

Selfseal tires are standard on Explorer Platinum and Explorer Limited Hybrid four-wheel-drive models, and optional on Explorer Limited two-wheel-drive and four-wheel-drive models.

Read the full press release here.

March 8, 2019

Algeria tire plant completes first test phase

Filed under: Tires — Tags: — Notch @ 11:00 am

Six years after the Michelin Group closed its plant there, tire production returns to Algeria. The Iris Group announced the successful completion of the first test phase of the company’s new tire factory in Setif, Algeria.

Production of 1 million passenger car radial (PCR) tires is planned for the first year, followed by 2 million units of both PCR and truck and bus (TBR) tires in the second year.

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