In recent years, while tire manufacturers have been going overseas to build factories, upstream companies have also started to expand overseas at a rapid pace, including Daye Shares latest announcement of a factory construction plan in Morocco, and Himile Mold, Mesnac, Yanggu Huatai and others have all increased their overseas investments to keep pace with the tire companies.
Based on the technical accumulation of the Michelin Pilot Sport Cup 2R series, Michelin has exclusively customized tires with the K1 original mark for the Ferrari F80 supercar.
On October 28, the TBR tires and PCR tires of Shandong Haohua Tire Co., Ltd.'s Vietnam factory officially went into production.
On October 23, the first TBR tire off-line ceremony of MTI, a subsidiary of Zhongce Rubber in Indonesia, was held in the Kendall Industrial Park in Semarang, Indonesia.
On October 23, 2024, Chaoyang Long March Tyre Co., Ltd held a groundbreaking ceremony for the high-performance green, environmentally friendly and energy-saving tire project.
Recently, Nokian Tyres has appointed Paolo Pompei as president and CEO with effect from 1 January 2025. Jukka Hienonen, chairman of Nokian's board of directors, said Pompei would lead the company and strive to achieve annual sales of more than 2 billion euros.
The Thailand Board of Investment (BOI) has approved the investment promotion application by Continental AG group's Continental Tyres (Thailand) Co., Ltd. to spend a total of 13.4 billion baht (USD400 million) to expand its tire plant in Rayong Province and boost annual production by an additional 3 million high-performance radial tires, mostly for export, reaffirming Thailand's status as the World's second largest tire production base.
Recently, Qin Long, chairman of Sentury, announced that the first batch of tire products from the company's Morocco factory officially rolled off the production line. This marks that after successfully operating two intelligent factories in Thailand, Sentury has jumped out of Southeast Asia, where China's tire production capacity is increasingly concentrated, and successfully realized "Going Global 2.0".
In 2024, China's tire industry continues to be hot, and the annual output of rubber tires is expected to exceed one billion, which is closely related to the strong competitiveness of Chinese tires in the world.