Shenzhou Tire Breaks Ground on Phase II of Shizuishan Plant
Ningxia Shenzhou Tire Co. Ltd. has broken ground on Phase II of its new tire plant in the Chinese city of Shizuishan, Tyres & Accessories reports. The second phase of the $1.65 billion project is expected to produce production capacity for tires for high-end markets in Europe and the U.S. Shenzhou Tire’s goal is to
Qingdao Doublestar Plans to Double Capacity
Qingdao Double Star Co. Ltd. has plans to double its capacity, reports Tyres & Accessories. Following the company’s merger with financially struggling Deruibao, the company announced it will build a new truck tire plant in Kazakhstan that is planned for August. This will be the company’s first non-Chinese factory. Double Star is also investing 4.5
Kenda Rubber Investing in Vietnam Factory
Taiwan’s Kenda Rubber has plans to increase its presence in Vietnam and invest NT$10 billion in a large passenger car tire plant, Tyres & Accessories reports. The new plant could be Kenda’s largest tire factory and have production capacity rivaling Kenda’s operation in China, T&A said. Revenues from Kenda’s tire production in China account for
Continental to Expand Contidrom Test Center
Continental AG will expand its Contidrom testing and development center near Hannover, Tyres & Accessories reported. T&A said the expansion will focus on expanding wet handling test capacities and is expected to be completed in two years in time for the 50th anniversary of Contidrom. Currently, about 11,000 tire tests are conducted at Contidrom every
ChemChina’s Pirelli Buy-out Advancing
China National Chemical Corp. ’s (ChemChina) complete buy-out of Pirelli & C. SpA is in progress after the closing deal was passed Aug. 11, according to Tyres & Accessories. With the new deal, ChemChina leads the buy-out, but other businesses will also own Pirelli shares. ChemChina, businesses owned by CEO Marco Tronchetti Provera and the
Belshina to Start 63-inch OTR Tire Production
Belarus-based tiremaker Belshina JSC is aiming to produce 63-inch tires for mining vehicles by the end of 2016, Tyres & Accessories reported. Belshina is currently modernizing its Babruysk plant and the company expects to start training at a location within Europe in the coming months, T&A said. Belshina’s 63-inch mining tires will be supplied to
Michelin Bolsters Position in Germany With Another Buy
Groupe Michelin strengthen its position in Germany with the 100% acquisition of consumer tire wholesaler Meyer Lissendorf. The purchase price was not disclosed, according to Tyres & Accessories. Based near Cologne, Meyer Lissendorf has two primary warehouses and employs 90 people, and it reaches some 300 tire retailers across the country. In 2014, Michelin bought
Ex-Pirelli Managers Appealing Sentences in Asbestos Case
An Italian court convicted 11 former Pirelli managers in 24 asbestos-related deaths, according to Tyres & Accessories. The 24 employees, employed at the tiremaker’s Bicocca, Italy, plant in the 70s and 80s, died from tumors said to have developed due to exposure to asbestos in the facility. The managers’ lawyers intend to appeal the charges,
2015 CITExpo to Be Last at Everbright Centre
CITExpo will transfer its 2016 show to the Shanghai World Expo Exhibition and Convention Center (SWEECC), and hold its last tire show at the Shanghai Everbright Convention & Exhibition Centre this September, Tyres & Accessories reported. CITExpo organizer Wilko Fong of Reliable International Exhibition Services said the move shows the strong growth of CITExpo. CITExpo
Titan to Incorporate in Delaware
Titan International is urging its stockholders to approve the reincorporation of the company from the state of Illinois to the state of Delaware at its annual shareholders meeting on June 4. The company’s board of directors, according to Tyres & Accessories, has already unanimously approved the move. Delaware’s business law is one of the most
European Program from Michelin to Reimburse Unrealized Fuel Savings
Michelin is offering price per kilometer tire management contracts with a contractual fuel-saving commitment for the first time in Europe, according to Tyres & Accessories. The company announced the program at the Commercial Vehicle Show 2015 in Birmingham, United Kingdom, calling it a “new pan-European value-creation offer for road transport fleets.” The solution is titled