Kumho Tire Vietnam is investing $300 million to expand its operations in Vietnam to increase its production capacity in the country by 36%, according to local media reports. The company announced the investment plan at a meeting with the local government.
Recently, the highly anticipated Yokohama Zhejiang Qiantang Smart Factory Project has successfully completed the second environmental impact assessment publicity, which means that the construction pace of the project will be further accelerated. According to the project plan, the new factory located in Qiantang, Zhejiang is expected to officially start construction in the fourth quarter of this year.
Recently, in the complex and ever-changing international market environment, a number of internationally renowned tire companies released their performance results for the first three quarters and their expectations for the full year.
Mexico's tire industry is developing rapidly, and the country is becoming one of the top five tire manufacturing countries in the world.
In recent years, while tire manufacturers have been going overseas to build factories, upstream companies have also started to expand overseas at a rapid pace, including Daye Shares latest announcement of a factory construction plan in Morocco, and Himile Mold, Mesnac, Yanggu Huatai and others have all increased their overseas investments to keep pace with the tire companies.
Based on the technical accumulation of the Michelin Pilot Sport Cup 2R series, Michelin has exclusively customized tires with the K1 original mark for the Ferrari F80 supercar.
On October 28, the TBR tires and PCR tires of Shandong Haohua Tire Co., Ltd.'s Vietnam factory officially went into production.
On October 23, the first TBR tire off-line ceremony of MTI, a subsidiary of Zhongce Rubber in Indonesia, was held in the Kendall Industrial Park in Semarang, Indonesia.
On October 23, 2024, Chaoyang Long March Tyre Co., Ltd held a groundbreaking ceremony for the high-performance green, environmentally friendly and energy-saving tire project.