News from Notch Consulting, Inc.

September 21, 2017

Hankook debuts first American-made tire line

Filed under: Tires — Notch @ 4:00 pm

Hankook Tire America Corp. has introduced the Kinergy PT (H737), a premium touring all-season tire that is the first product made exclusively at the company’s new plant in Clarksville, Tennessee.

The KINERGY PT utilizes a specially formulated tire compound to enhance traction in all conditions and a strong rolling resistance profile to improve mileage performance. The tread design incorporates a high-stiffness center rib and unique circumferential out grooves for optimized water evacuation, providing excellent traction in both wet and dry conditions. When temperatures dip below freezing, the KINERGY PT tire’s wider footprint will provide a better cornering response and improved handling.

The Kinergy PT will be one of the primary tires produced at Hankook’s Clarksville plant, its first production facility in North America.

Read the full press release here.

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Goodyear, Giti, Hankook plants due on stream

Filed under: Tires — Tags: — Notch @ 3:42 pm

With three new factories poised to begin production in the coming months, tire manufacturing in North America will see a significant boost.

Together the plants — Goodyear’s in San Luis Potosi, Mexico; Giti’s in Clarksville, Tenn; and Hankook’s in Richburg, S.C., represent nearly 17 million units of new annual capacity for passenger and light truck tires.

Giti and Hankook have scheduled ribbon-cuttings for October. Goodyear has yet to announce similar plans for its factory.

Goodyear’s plant, its first new factory in the Americas in 25 years, represents an investment of $550 million and is rated at 6 million tires a year.

Giti’s 1.8 milllion-sq.-ft. plant represents a $560 million investment. Capacity will be 5 million car and light truck tires a year

Hankook’s 1.5 million-sq.-ft. Clarksville plant represents a $580 million investment. The firm, a unit of South Korea’s Hankook Tire Co. Inc., plans to ramp up production steadily by 2018 to the rated capacity of 16,000 units a day.

Sourced article can be found here.

September 13, 2017

Goodyear breaks ground on Luxembourg tire plant

Filed under: Tires — Tags: — Notch @ 12:26 pm

Goodyear broke ground yesterday on a passenger tire plant in Colmar-Berg, Luxembourg “that utilizes an innovative production process to meet growing customer and consumer demand for premium tires.”

Named Mercury, the proprietary process features highly-automated, interconnected workstations, using additive manufacturing technologies to efficiently produce premium tires in small-batch quantities on-demand for replacement and original equipment customers.

“Mercury addresses the increasing complexity in the tire industry as the number of vehicle models and options available to consumers continues to proliferate,” said Richard Kramer, Goodyear chairman, CEO and president.

The new facility, set to open in 2019, is in close proximity to Goodyear’s Luxembourg innovation center and tire proving grounds. The company is investing $77 million in the facility, which will produce approximately 500,000 tires annually.

Goodyear also has truck tire plant in Colmar-Berg.

Read the full press release here.

August 16, 2017

Tennessee approves grant for Nokian plant

Filed under: Tires — Tags: — Notch @ 2:24 pm

Tennessee officials have approved a $28.42 million state infrastructure grant in support of Finnish tire manufacturer Nokian Tyres’ planned $360 million tire factory.

Nokian and the state announced in May the manufacturer would build its first U.S. tire plant in Dayton, north of Chattanooga. Construction for the plant will begin in early 2018 with the plant being fully operational by 2020.

Sourced article found here.

August 10, 2017

Bridgestone to invest $304 million for plant expansion in India

Filed under: Tires — Tags: — Notch @ 12:46 pm

Bridgestone India Pvt. Ltd., a group company of Bridgestone Corporation has announced plans to invest $304.3 million USD for expansions of its Pune (Chakan) and Indore (Kheda) plants. The project will be phased in over the next five years.

Production capacity is expected to increase by an estimated 15,000 tires per day, bringing total daily production from both plants to approximately 41,000 tires by 2022.

August 1, 2017

Indian tire company, Balkrishna Industries, announces carbon black plant

Filed under: Carbon Black, Tires — Notch @ 6:30 am

An Indian tire company, Balkrishna Industries Ltd. (Mumbai, India), has announced a new project to build a 60,000 ton/year carbon black plant at its plant in Bhuj, Gujarat, India. No completion date was announced. The budget for the project is Rs 150 crore (US$23 million). Balkrishna produces tires mainly for specialty markets, focusing on off-the-road, earthmover, agricultural, industrial, ATV, and lawn/garden equipment tires. Annual sales total US$850M, according to the company.

July 24, 2017

China’s Hixih to expand car, truck tire capacity

Filed under: Tires — Tags: — Notch @ 6:36 pm

JINING, China — Hixih Rubber Industry Group is planning to add annual capacity for 12 million passenger tires and 2 million truck/bus tires at its Shenzhou Tire and Tongli Tire Co Ltd. subsidiaries in Jining, Shandong, pending regulatory approval.

The projects are budgeted at $690 million and include the construction of new production areas totaling more than 8 million square feet at the two subsidiary companies.

The car tire expansion at the Shenzhou Tire facilities represent an investment of $410 million and a physical expansion of 5 million square feet.

The truck/bus tire project, budgeted at $280 million, will double the Tongli Tire factory’s capacity to 4 million units a year, Hixih said. The company anticipates adding production areas covering 3 million square feet and equipping the expansion with state-of-the-art equipment sourced from leading international suppliers.

Read the full press release here.

Sourced article here.

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.

July 19, 2017

Double Coin Thai plant cures first tire

Filed under: Tires — Notch @ 2:52 pm

Shanghai Huayi (Group)’s joint venture in Thailand has initiated trial truck tire production at its new plant in Rayong, Thailand, according to information provided by the plant’s contractor.

Located in Rayong’s LK-RICH rubber industrial zone, the new plant is designed with annual capacity for 1.5 million truck and bus tires and 50,000 industrial tires.


Sinohydro Foundation Engineering photo

According to the website of the plant’s contractor Sinohydro Foundation Engineering, the project has been on schedule and the production of the first tire “marks Huayi’s official entrance into the Thailand market.”

Read more here

July 11, 2017

Conti expanding Chinese tire plant — again

Filed under: Tires — Tags: — Notch @ 3:06 pm

Having only recently inaugurated phase 3 production at its Hefei, China plant, Continental A.G. is moving forward with the phase 4 expansion of the six year old plant. Company officials signed contracts in July with local officials, clearing the way for the $294 million project to begin. Phase 4 will add 6 million units of annual capacity for passenger tires

This is Continental’s fastest-expanding site, Philipp von Hirschheydt, executive vice president, passenger and light truck replacement tires, APAC, said at the contract signing.

The factory’s annual capacity will reach 20 million passenger tires and 5 million two-wheeler tires by 2022.

Sourced article found here (subscription required).

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