Toyo Tire Corp. will build its first tire manufacturing plant in Europe. The company's board of directors also passed a resolution to establish a European tire production subsidiary.
The Double Coin OTR and truck tire plant in Thailand is at full capacity, says China Manufacturers Alliance LLC (CMA).
Thanks to the tires produced at its Des Moines, Iowa, agricultural tire manufacturing plant, Bridgestone Americas Inc. has reached the "Platinum Level" at Caterpillar for the second consecutive year.
Yearly tire capacity, not production, in North America totaled 334.8 million tires at 62 plants as of Jan. 1, 2018. That’s up 4.9% compared to 2017, when capacity was 319.1 million tires. (The total does not include race or aviation tires.)
As expected, Apollo Tyres Ltd.'s Onkar S Kanwar was there. So was his son, Neeraj. But the opening of the company's new $500 million consumer and commercial tire plant in Budapest, Hungary, on April 7 also drew politicians of the highest order, including Prime Minister Viktor Orban.
The Mexican automotive market -- especially the original equipment market -- is expanding out of necessity. And Michelin North America Inc. is right there with it.