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.

July 2, 2008

SRF Extends Share Buy-Back

Filed under: Tire Cord — Tags: , — Notch @ 10:10 am

According to the Economic Times of India, tire-cord maker SRF Ltd. has revised an its offer dates for a stock buy-back program. The offer will open on July 2 instead of June 16, and will continue through April 24, 2009. Under the program, SRF will buy back its own fully paid-up equity shares from existing shareholders.

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