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.
Recently, Nokian Tyres has appointed Paolo Pompei as president and CEO with effect from 1 January 2025. Jukka Hienonen, chairman of Nokian's board of directors, said Pompei would lead the company and strive to achieve annual sales of more than 2 billion euros.
The Thailand Board of Investment (BOI) has approved the investment promotion application by Continental AG group's Continental Tyres (Thailand) Co., Ltd. to spend a total of 13.4 billion baht (USD400 million) to expand its tire plant in Rayong Province and boost annual production by an additional 3 million high-performance radial tires, mostly for export, reaffirming Thailand's status as the World's second largest tire production base.
Recently, Qin Long, chairman of Sentury, announced that the first batch of tire products from the company's Morocco factory officially rolled off the production line. This marks that after successfully operating two intelligent factories in Thailand, Sentury has jumped out of Southeast Asia, where China's tire production capacity is increasingly concentrated, and successfully realized "Going Global 2.0".
In 2024, China's tire industry continues to be hot, and the annual output of rubber tires is expected to exceed one billion, which is closely related to the strong competitiveness of Chinese tires in the world.
On September 27, Linglong Tire announced that it had reached a strategic cooperation with Real Madrid, a world-renowned top football club, and officially became its global partner!
Judging from the development ambitions of the above-mentioned backbone tire companies, Guangrao's tire industry has overcome the difficult period of capital chain. Through market-oriented means and industrial integration, this top 100 counties in China is ushering in a new wave of development.
On September 21, local time, TRB Rajaa, Minister of Industry of Tamil Nadu, India, said that the groundbreaking ceremony for the expansion project of tire giant Michelin's manufacturing plant in Chennai was held.