News from Notch Consulting, Inc.

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 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.

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