Bridgestone to Invest $139 Million in China Plant
Bridgestone Corp. is planning to invest $139 million to expand production capacity at its passenger car tire plant in Wuxi, China, to help meet an increasing demand for tires in the country. Expected to be completed by 2016, the expansion will increase production capacity by 5,300 tires a day, taking daily production to 22,600 tires.
Conti’s ‘Hurricane Machine’ Increases Production Sustainability
Tiremaker Continental says a machine it has co-developed offers a new approach to recycling the rubberized steel cord scrap that arises during the manufacturing process. The unit, which has been named the ‘Hurricane Machine’, separates uncured rubber compound and steel cord by a process Continental that claims is a tire industry world first.
JK Tyre Approved Chennai Plant Expansion
At its board meeting on Oct. 24, the directors of JK Tyre & Industries Ltd approved a RS 14.3 billion (£144.5 million) expansion of its Chennai factory in eastern India. Commenting on the investment, chairman and managing director Dr. Raghupati Singhania said “the long-term prospects of the Indian economy and particularly [the] automotive industry remain
Bridgestone Winter Tires Top German Magazine Tests
Bridgestone has been rewarded for its winter tire investment with some high finishers in some major German magazines’ winter tire tests.
What Else Does Morry, Titan Have Up Their Sleeves?
Now that Morry Taylor is making peace with France and French tire workers, it appears Titan International’s French connection is not it only European interest. The Financial Times reported over the weekend that Titan is “weighing bids for three additional plants in Europe in deals that would take its sales in the region from $750
Yokohama’s Russian Plant Hosts Tree-Planting Ceremony
The Yokohama Rubber Co.’s Russian tire manufacturing and sales subsidiary Yokohama RPZ recently hosted a tree-planting ceremony at its plant grounds in the Special Economic Zone in Lipetsk. The ceremony is part of the company’s worldwide Yokohama Forever Forest Project. As part of the project, the company plants trees that are specific to the land
French Union Wants Sitdown with Taylor
According to Reuters, union leaders at a closed Goodyear plant in northern France have agreed to talks with Morry Taylor, Titan International chairman and CEO, who said earlier this year that the plant wasn’t worth saving. According to reports,Taylor is reconsidering his abandoned takeover bid for the plant, and the union wants give their demands
Cheng Shin Announces Indonesia Factory Plan
In order to increase its ASEAN region presence, Taiwan’s Cheng Shin Rubber will invest NT$2.36 billion to build a plant in Indonesia
Krone Names Mitas ‘Best Supplier’
Krone awarded Mitas as the best supplier in the segment “delivery of tires.”
Vredestein Appoints Global Brand Head
Vredestein has announced the appointment of Giovanni Masinelli as global brand head Vredestein, joining the global marketing team based in Apollo Vredestein’s London office.
Pirelli Approves Board Additions
At a meeting of the Pirelli & C. SpA board of directors on Oct. 21, Claudio Sposito and Paolo Fiorentino were co-opted as members to replace Vittorio Malacalza and Giulia Maria Ligresti, whose resignations from the board were announced on May 10 and July 24 respectively. The vacancy following the Oct. 16 resignation of Carlo
Signs of Natural Rubber Demand Returning
Natural rubber production in the region represented by the Association of Natural Rubber Producing Countries – Cambodia, China, India, Indonesia, Malaysia, Papua New Guinea, Philippines, Singapore, Sri Lanka, Thailand and Vietnam – is expected to rise 3% this year to 10.645 million tonnes. The ANRPC region, which accounts for 93% of the world’s natural rubber