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.

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Saudi NTC advances $1.2 billion tire plant project

Filed under: Tires — Tags: — Notch @ 3:32 pm

Saudi Arabian National Tire Co. is in the final stages of awarding the construction of its $1.2 billion tire production plant to an EPC contractor, according Farid Dudin, general manager of Victoria Trading FZCO and head of the tire plant project.

Among the top bidders is South Korea’s Samsung Engineering, Dudin said at the Tire Technology Expo, held Feb. 21-23 in Hanover, Germany.

“The EPC contractor will be fully-involved as an EPC contractor, but we will be in charge of selecting the machinery,” Dudin said.

The scope of the project has expanded to $1.2 billion from the original $1 billion, announced in January.

According to Dudin, the machinery will cost $800 million, and an additional $400 million has been set aside for land, construction, and other EPC costs.

Referenced article found here.

March 8, 2018

Linglong to build fourth China plant, considers two more overseas

Filed under: Tires — Tags: — Notch @ 1:10 pm

Shandong Linglong Tire Co. Ltd. plans to build a fourth factory in China, an $875 million project in Hubei Province, and continues to research locations in Europe and North America for possible expansion.

Yantai-based Linglong plans to break ground in May on the factory—with a capacity of nearly 14.5 million car, truck and industrial tires annually—at a 247-acre site in Jingmen, a city of nearly 3 million residents in central Hubei Province. Construction is expected to take three years.

The plant is designed with annual capacity for 12 million passenger, 2.4 million truck and bus, and 60,000 engineering tires, Linglong said. The plant also will have an annual capacity of 1.5 million inner tubes and flaps as well as for plastic pads.

The company has three plants in China: in Liuzhoui, Guangxi Province, and Dezhou and Yantai, Shandong Province, as well as one in Rayong, Thailand, that it opened in 2014.

Besides the new site in Jingmen, the company also envisions building one more in China and two overseas, one each in Europe and the U.S.

Referenced article found here.

China’s Linglong to assist Iran tire plant project

Filed under: Tires — Tags: — Notch @ 12:58 pm

China’s Shandong Linglong Tire Co. Ltd. has agreed to become the engineering/procurement/construction (EPC) and non-EPC contractor for the construction of a greenfield tire plant in Iran, according to a senior Iranian official.

Massoud Mohammadi, CEO of Arya Hamoon Tire Co., said Linglong is expected to provide production technology for the project, which is being built in southeastern Iran.

“(Linglong) will most likely supply the technology for the production of the agreed 50 sizes of tire,” Mohammadi said.

“Production capacity is 3.1 million units a year, which will include both passenger car tires and truck and bus tires,” he said.

Located in Sistan-Baluchestan province on the Pakistan border, the plant is being set up in Ramshar Industrial Zone in an area of 50 hectares, and is expected to create 1,400 jobs once completed.

Referenced article found here.

February 2, 2018

GRI opens tire factory in Sri Lanka

Filed under: Tires — Tags: — Notch @ 1:43 pm

Global Rubber Industries Pvt. Ltd. (GRI) officially opened its specialty tire manufacturing plant in Badalgama, Sri Lanka on Jan. 25, 2018. Located next to its solid industrial tire factory, GRI broke ground on the $40 million facility in January 2017.

The 1.25 million sq.-ft. plant has a rated capacity of 25 metric tons a day, making it the largest factory in Sri Lanka dedicated to making specialty tires and the first to produce radial agriculture tires, according to GRI. Ag tires will comprise approximately 70% of the state-of-the-art, highly automated plant’s production. The remaining output will consist of pneumatic construction tires and forklift tires.

All the products made at the new plant will be destined for export, the company said.

January 18, 2018

Saudi prince backing $1 billion tire plant in Saudi Arabia

Filed under: Tires — Tags: — Notch @ 9:43 am

National Tire Co., a company owned by a member of the Saudi royal family, is planning to build a $1 billion tire plant in Jubail, an industrial city in the eastern part of Saudi Arabia, according to Farid Dudin, general manager of Victoria Trading FZCO and head of the tire plant project.

NTC is an initiative of Fahad Bin Abdul-Rahman Bin Abdul-Aziz Al-Saud, a Saudi prince and former Saudi government official.

NTC said it had signed an agreement on the turnkey concept design with Finnish engineering consulting firm Black Donuts Engineering Inc., covering both the design of the factory itself and the design and development of the plant’s products.

The project will create one of the “biggest and most modern individual tire factories in the world,” the company stated. The plant, to be built on a 247-acre site in Jubail, will be engineered to produce 16 million passenger tires and 6 million radial truck/bus tires a year.

Production is expected to start by the second half of 2020.

Sourced article found here.

January 10, 2018

Apollo lays cornerstone for 5th Indian plant

Filed under: Tires — Tags: — Notch @ 10:17 am

Apollo Tyres Ltd. executives and local officials laid the ceremonial foundation stone on January 8 for a $280 million passenger tire plant planned for Chinnapanduru, located in Andhra Pradesh state.

Construction on the plant is expected to start within six months, Apollo said, and manufacturing is slated to start two years after that. The company plans to start with manufacturing passenger tires in this facility, and will later expand to other product as well.

The facility will be located on 200 acres of land that Apollo purchased from the Andhra Pradesh government, and will be about 100 miles west of Chennai, the coastal city where Apollo operates a combined passenger/truck tire plant that it opened in 2010.

The factory will be Apollo’s fifth in India and seventh overall.

Read the full press release here.

December 12, 2017

Sailun to increase investment in Vietnam tire plant

Filed under: Tires — Tags: — Notch @ 8:46 am

Sailun Jinyu Group Co. Ltd. plans to increase its investment in a truck and OTR tire plant under construction in Vietnam by more than $140 million, according to a company filing on the Shanghai Stock Exchange.

In late 2015, Sailun Jinyu announced plans to build the plant, rated at 1.2 million truck and bus tire and 30,000 OTR tires annually. The company projected the plant would take three years to build and commission. The investment at that time was $200 million.

The company filing did not provide a status update on the plant.

With this new investment, Sailun (Vietnam) Co. Ltd., subsidiary in Gò Dầu, Tây Ninh province, will have registered capital of $220 million.

The investment is being funded by the company’s private placement in November, which raised $195 million capital.

Sourced article found here.

November 11, 2017

GRI to open Sri Lanka ag tire plant in January

Filed under: Tires — Tags: — Notch @ 5:55 pm

Global Rubber Industries Pvt. Ltd. (GRI) is prepared to bring on stream in January the radial agricultural and construction tire plant it is building in Badalgama, north of Colombo. Located next to its existing solid industrial tire factory, GRI broke ground on the $40 million facility in late 2016.

The 1.25 million sq.-ft. plant will have a rated capacity of 25 metric tons a day, making it the largest factory in Sri Lanka dedicated to making specialty tires and the first to produce radial agriculture tires, according to GRI.

All the products made at the new plant will be destined for export, the company said.

Referenced article found here.

October 19, 2017

Hankook opens first U.S. manufacturing plant

Filed under: Tires — Tags: — Notch @ 12:24 pm

On October 17, Hankook Tire America Corp. held a grand opening ceremony for its first U.S. manufacturing facility. The $800 million plant in Clarksville, Tennessee is expected to bring 1,800 jobs, according to a company press release.

The plant, Hankook’s eighth facility worldwide, will produce 5.5 million units annually in its first phase. When the second phase of development is complete, Hankook Tire will double its production capacity to 11 million units annually.

“The new Tennessee plant signifies Hankook Tire’s growing business in the United States and our continued journey toward being a global leader in the tire industry,” said Seung Hwa Suh, Global CEO of Hankook Tire. “The investment in the U.S. is part of our ongoing commitment to innovation, state-of-the-art technology and service for our customers. This high-tech, sustainable facility will enable Hankook Tire to execute every phase of our business in the U.S., from R&D to production and sales.”

Read the full press release here.

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