The opening of Apollo Tyres Ltd.’s new $500 million consumer and commercial tire plant outside of Budapest, Hungary, last month was a huge global event. Said to be the largest investment by an Indian-based company in Hungary, the grand opening drew a visit from Hungary’s Prime Minister Viktor Orban.
Yokohama Rubber Co. Ltd. recently opened a new plant in the Clark Freeport Zone in the Philippines. The plant is operated by the company’s passenger car tire manufacturing and sales subsidiary, Yokohama Tire Philippines Inc. (YTPI).
Last December, Balkrishna Industries Ltd. (BKT) held grand opening ceremonies for its new off-highway tire plant in Bhuj, India. Modern Tire Dealer’s Editor Bob Ulrich was there and reported on the event in our January issue, along with several online reports.
The governor of Pennsylvania is praising McCarthy Tire Service Inc. for building its new retread plant in Wilkes-Barre and adding 49 full-time jobs over the next three years to the local economy.
Michelin Group may be planning to build a $510 million plant in central Mexico to produce around 5 million passenger and light truck tires a year mostly for the North American market.
Trelleborg AB chose Spartanburg, S.C., as the site of its first North American facility devoted to making premium radial tires for agricultural machinery. The company officially dedicated the 430,000-square-foot facility on Jan. 27, 2016.
Balkrishna Industries Ltd. (BKT) is pretty proud of its new off-highway tire plant in Bhuj, India. How proud? It has turned the grand opening celebration into a nearly two-week affair, referred to as "The Game Changer Conference."