BKT's Revenue and Income Drop in the First Quarter
Balkrishna Industries Ltd. (BKT) posted net income of more than 1.7 billion rupees on net sales of 11.9 billion rupees for its first quarter ended June 30, 2019.
Goodyear Will Invest $180 Million in Fayetteville Plant
Goodyear Tire & Rubber Co. will upgrade its passenger and light truck tire plant in Fayetteville, N.C., with the help of up to $30 million in grants from the state Job Maintenance and Capital Development Fund.
Toyo Continues to Expand Production in Georgia
Toyo Tire Corp. plans to expand annual production at its Toyo Tire North America Manufacturing Inc. manufacturing facility in Bartow County, Ga., by more than 1 million tires.
There Will Be No Labor Strife at Cooper in 2019!
The four-year labor agreement between the United Steelworkers (USW) and Cooper Tire & Rubber Co.'s Clarksdale, Miss., bladder and mixing facility is tentative no more.
Marangoni Is Expanding Retread Production for 2019
Marangoni Tread North America Inc. is expanding its Tennessee production facility following a year of increased unit sales and growing demand for the XP Extreme Performance line.
Nokian Tyres Fills 2 Positions in North America
Nokian Tyres plc has hired two people outside the industry to join its leadership team in North America.
Prometeon to Expand Pirelli Tire Production in Turkey
Prometeon Tyre Group, the maker of Pirelli-brand truck, bus, farm and off-the-road tires, is dramatically expanding its production capacity in Turkey.
Bridgestone Expands OTR Tire Production in U.S.
Bridgestone Americas Inc. will spend $12 million to expand production at its Bloomington, Ill., off-the-road tire plant. The expansion means for the first time the company's 29-, 33- and 35-inch OTR tires will be made outside of Japan.
New Linglong Plant Will Have Capacity to Build 14.4 Million Tires
Nearly 1,000 global partners of Shandong Linglong Tire Co. gathered in Jingmen, Hubei Province in China, for the foundation stone laying ceremony of the company's fourth domestic tire plant.
Nokian Is Adding Capacity for Passenger Tires
Nokian Tyres plc is increasing production capacity for passenger car tires at its factory in Nokia, Finland, by approximately 30%. The tire maker will hire 80 new employees and run nine additional shifts each week.
Hankook Will Build Truck Tires in Hungary
Hankook Tire Co. Ltd. wants to build its medium, heavy truck and bus tire business across the globe, and the company is planning to add commercial truck tire production lines to its factory in Hungary.
GRI Opens an Ag/Specialty Tire Factory in Sri Lanka
Global Rubber Industries Pvt. Ltd. -- GRI for short -- officially opened its specialty tire manufacturing facility in Sri Lanka on Jan. 25, 2018.
Yokohama to Increase OTR Tire Production
Yokohama Rubber Co. Ltd. plans to spend $45.5 million to expand production of off-the-road tires at an Alliance Tire Group plant in India. By the end of 2019 the company says production capacity at the site will increase more than 60%, to 91,700 tons.
With More than Enough Capacity, BKT Doesn't Need a New Plant -- Yet
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