Toyo Tire Corp. (TYO:5105) recently announced that it is planning to boost the production capacity of Toyo Tire North America Manufacturing Inc. (TNA), a tire production subsidiary it controls in the U.S. For this increase, Toyo Tires plans to invest approximately 7 billion yen ($64.85 million) to install new facilities with an annual production capacity equivalent to 1.2 million passenger...
Tire manufacturer Continental AG held a grand opening ceremony on March 27 for a new greenfield tire plant that it has built in Rayong Province, Thailand. The new plant represents a 250 million euro ($280.44 million) investment for Continental. By 2022, the company aims to have the base producing approximately 4 million premium tires per year for use in passenger...
Bridgestone Corp. (TYO:5108) recently announced that the company will invest a total of 266 million euros ($312.56 million) to boost the tire production capacity of its European subsidiary Bridgestone Europe NV/SA (BSEMEA). The move is aimed at increasing the supply of high-performance tires in Europe. Production will be bolstered at three of the company’s European locations. These are the Poznan...
Production volume of automobile tires in Japan fell 3.6 percent year-on-year in 2016, dropping to 1.019801 million tons, according to the Japan Automobile Tyre Manufacturers Association (JATMA). It marks a fifth consecutive year of decline for automobile tire production. While 2016 production volume as a whole was marked with a negative record, coming on account of 21 consecutive months of...
