December 10,2024
Russia's Severgroup, owned by Russian billionaire Alexey Mordashov, has acquired Russian tire and auto parts manufacturer Cordiant Group from private equity investor S8 Capital.
December 06,2024
Toyo Tire Corporation is restructuring its European operations by establishing a new sales headquarters, Toyo Tire Sales and Marketing Europe (TSE), in Serbia, beginning January 2025.
December 03,2024
On November 25, Japanese tire manufacturer Bridgestone Corp. has announced a Yen27 billion investment plan to expand production capacity at its Hikone, Tosu, and Tochigi tire manufacturing facilities in Japan.
November 29,2024
As one of the fastest growing regions in global tire imports in recent years, the Middle East has attracted widespread attention from the industry. Many tire companies have targeted this market and announced plans to invest in building factories.
November 26,2024
In China's tire industry, cycle tires are a powerful presence that cannot be ignored. According to statistics, the number of electric two-wheelers in China reached nearly 400 million by 2023, and the annual compound growth rate of domestic electric two-wheelers sales reached 12.93%.
November 22,2024
Kumho Tire Vietnam is investing $300 million to expand its operations in Vietnam to increase its production capacity in the country by 36%, according to local media reports. The company announced the investment plan at a meeting with the local government.
November 19,2024
Recently, the highly anticipated Yokohama Zhejiang Qiantang Smart Factory Project has successfully completed the second environmental impact assessment publicity, which means that the construction pace of the project will be further accelerated. According to the project plan, the new factory located in Qiantang, Zhejiang is expected to officially start construction in the fourth quarter of this year.
November 15,2024
Recently, in the complex and ever-changing international market environment, a number of internationally renowned tire companies released their performance results for the first three quarters and their expectations for the full year.
November 12,2024
Mexico's tire industry is developing rapidly, and the country is becoming one of the top five tire manufacturing countries in the world.
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