Hille Korhonen, the CEO and president of Nokian Tyres plc, says the company’s timetable to begin producing tires in the U.S. by 2020 is “not just a plan. It’s a commitment.”
The parent company of Double Coin tires has completed construction and begun operating its first tire factory outside of China. The plant in Thailand has a capacity of 2.5 million truck tires and 50,000 off-the-road tires.
A committee of South Carolina lawmakers is considering issuing $40.5 million in bonds as an incentive to support the construction of a tire manufacturing plant by Wanli Tire Corp. Ltd. The company says the first phase of construction will include a capacity of 6 million consumer tires annually.
This week’s announcement by Nokian Tyres plc that it was building a third tire plant may not have been a huge surprise. But how that plant will help the company increase sales in North America, and affect its product lineup, is sure to interest tire dealers.
Nokian Tyres Inc. is building a factory in the U.S. to produce passenger car, SUV and light truck tires. The plant, to be located in southeast Tennessee, will have an initial capacity to produce 4 million tires annually, and the site also will house a distribution center.
Continental AG plans to build its sixth tire production plant in the Asia Pacific region, and its first in Thailand. The construction of the plant is to begin later this year, and production will start in 2019.
McCarthy Tire Service Inc. is retreading tires on two production lines at its new plant in Wilkes-Barre, Pa.
Michelin Group began construction of its 69th global plant in León, Guanajuato, in central Mexico, this week.
Tri-Ace Tire Corp. is building a manufacturing plant in Taiwan to accommodate increased and anticipated demand for its tires in the United States.
Kumho Tire Co. Inc. celebrated its long-awaited leap into the U.S. manufacturing sector, and its new American hometown in Macon, Ga., with the grand opening of its passenger tire plant on May 2, 2016.
Pirelli Tire North America Inc. plans to build a second tire plant in Mexico at its existing production site in Silao.
Camso Inc. has opened a solid tire manufacturing plant in Vietnam. The approximately 247,500-square foot-facility was built in 14 months.
Continental Tire the Americas LLC expects to break ground for a $1.4 billion commercial vehicle tire plant in Mississippi in a few months. The new plant will be located at a greenfield site in Hinds County off of Interstate 20, two miles from Clinton and 20 miles from Jackson.