News from Notch Consulting, Inc.

July 27, 2018

Bridgestone to invest $12 million in Illinois tire plant

Filed under: Tires — Tags: — Notch @ 3:52 pm

Bridgestone is investing $12 million to expand off-the-road production at its plant in Bloomington, Ill. The plant will produce multiple sizes and patterns in 29, 33 and 35-inch OTR tires, which until now have only been produced by Bridgestone in Japan.

This investment also includes increasing the workforce at the Bloomington plant by 30 employees. The last major investment in the plant was $48 million for a radial and giant loader expansion in 2011 and 2014.

“This investment is about increasing our flexibility to produce high-quality radial or bias tires — whatever our customers demand,” said Monty Greutman, plant manager at Bloomington. “It will allow us to deliver on our global commitment to develop innovative new products that will meet our customers’ needs, but it wouldn’t be possible without the outstanding teammates we have here today— some of whom have worked here for decades.”

Read the full press release here.

Advertisements

April 2, 2018

Hankook plans expansion to add TBR capacity in Hungary

Filed under: Tires — Tags: — Notch @ 9:48 am

South Korea’s Hankook Tire Co. Ltd. plans to add truck tire capacity at its 11-year-old passenger tire factory in Rácalmás, Hungary. Construction is expected to begin in June 2018, and tire production will start around June 2020.

Hankook is budgeting $358 million for the expansion, which will add 550,000 units of annual capacity for medium and heavy truck and bus tires. It also will create about 150 jobs.

Hankook said this expansion reflects its growing business in Europe in the commercial tire sector, including original equipment relationships with several of the continent’s leading commercial-vehicle makers.

This is the fourth expansion for the factory in Rácalmás, Hungary, since its initial construction in 2006. Hankook says the latest expansion provides production capacity of more than 55,000 tires a day, which adds up to annual capacity of 19 million tires.

Read the full press release here.

January 30, 2018

Yokohama to increase OTR tire capacity in India

Filed under: Tires — Tags: — Notch @ 11:55 am

The Yokohama Rubber Co., Ltd., will expand production capacity for OTR tires by adding new facilities at ATC Tires Pvt. Ltd., the Indian tire manufacturing and sales subsidiary of the Alliance Tire Group (ATG), which Yokohama Rubber acquired in July 2016. Construction of the new facilities will begin in February at ATC Tire’s Dahej Plant in the state of Gujarat.

Total planned investment is $45.5 million. The investment will boost annual production capacity from the current 57,000 tons to 91,700 tons by the end of 2019.

Read the full press release here.

Magna commissions OTR tire production at Dutch plant

Filed under: Tires — Tags: — Notch @ 11:41 am

Magna Tyres Group has announced the start of the production of Magna Tyres at the OBO Tyre factory in Hardenberg, The Netherlands.

“Our efficiency, lower transport costs and lower import duties make it very cost-effective to produce locally and to invest in more production capacity. From now on Magna MA02, M-Terrain and AG24 are available as a made in Holland product and we are very proud on this achievement,” said Michael de Ruijter, CEO Magna Tyres Group.

Read the full press release here.

October 19, 2017

Michelin to double capacity at India manufacturing plant

Filed under: Tires — Tags: — Notch @ 12:52 pm

Michelin has inaugurated a new production line at its Chennai plant that will help double the current capacity of the facility by 2018. The company projects to raise capacity to over 30,000 tons per year and increase employment at the facility to about 1,000 people, up from 850.

During the inauguration ceremony of the new production line, Mr. Jean-Dominique Senard, Chief Executive Officer of Michelin Group said: “India is a priority market for us and growing demand for our products in the country reaffirms our commitment to keep innovating for our customers here. In a very short time, our Chennai plant has evolved to become one of our most advanced manufacturing facilities globally. The purpose of this plant was to cater to the needs to the Indian market and I am happy to see that we are on target in this journey. The MICHELIN X® Guard™ was conceived to address the Indian market’s need for a tire that is fuel efficient, safe and lasts longer and to this end we adapted the very best of Michelin technologies to produce a premium tire at an affordable price.”

The sourced article can be found here.

Bridgestone invests in European plant expansions

Filed under: Tires — Tags: — Notch @ 12:36 pm

Bridgestone Corp. has announced a $315 million, five-year investment program in Europe to upgrade and expand capacity by approximately 20 percent at tire plants in Burgos, Spain and Poznan and Stargard sites in Poland. The projects are expected to be completed by early 2022.

“Increasing demand from our replacement and original equipment partners for our outstanding and diverse range of premium tires drives this investment”, explains Paolo Ferrari, CEO and President of Bridgestone EMEA. “This next step enables us to bring our products even closer to our partners and further strengthens Bridgestone’s footprint in the region.”

Read the full press release here.

October 2, 2017

Toyo Tires to expand tire production capacity

Filed under: Tires — Tags: — Notch @ 5:29 pm

Toyo Tire & Rubber Co. Ltd. plans to expand tire production capacity in the U.S. and Malaysia, and is considering additional capacity expansions at new and/or existing plants to fulfill its growth expectations.

Toyo is budgeting $125 million for the U.S. plant in White, Georgia, which will increase capacity by 2.4 million passenger tires a year, and $187.5 million for the plant in Perak, Malaysia which will add 4.8 million tires a year.

Read the full press release 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.

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.

Older Posts »

Blog at WordPress.com.