News from Notch Consulting, Inc.

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.

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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 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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