Hey, big spenders: Part 2 of 2
|Date Published||September 4, 2006|
* $19 million over three years at its Buffalo, N.Y., plant to expand motorcycle tire capacity and add equipment.
* $18 million in its Indian operations to increase capacity for tubeless passenger tire radials.
Hankook Tire Co. Ltd.
* $625 million through 2010 to build a passenger and light truck tire factory in Dunaujvaros, Hungary. Production is to start by the second half of 2007 and reach full capacity of 10 million units a year by 2010. Employment could be as high as 1,500.
Hwa Fong Rubber Ind. Co. Ltd.
* building a plant in Suzhou, China, for radial tires that should reach 10,000 units daily initially and eventually hit 40,000 units a day at full capacity. The factory is scheduled to go on stream in the second quarter of 2007. The cost of the project wasn't revealed.
Haohua South China (Guilin) Rubber Co. Ltd.
* $35 million to $60 million to add radial capacity for off-the-road tires up to 51-inch diameters at its Guilin, China, plant. Production is set to begin by September 2007.
* $10 million to nearly quintuple capacity for giant bias OTR tires at the Guilin plant in the coming two years to about 10,000 units a year.
Hoosier Racing Tire Corp.
* $10 million to add warehousing and office space at its Plymouth, Ind., race tire factory. The new warehouse space will allow Hoosier to expand its rubber compounding operation.
Kumho Tire Co. Inc.
* to build a $155 million performance passenger tire plant near Ho Chi Minh City, Vietnam, in partnership with a local investment company. The 3.4 million-sq.-ft. facility would start production by the first half of 2008 and be able to make 3.15 million radial tires a year.
* $26 million to expand capacity by 20 percent at its Greenville, S.C., passenger and light truck tire factory through 2008, to more than 28,000 units daily.
* $94 million to expand annual capacity for passenger tires by about a third-or 2.2 million units-at its Michelin Siam Co. Ltd. plant in Laem Chabang, Thailand. The project will focus on higher value-added V- and Z-rated performance tires to meet rapidly expanding Asian demand.
* $80 million to install production capability for its X One wide-base truck tires at the firm's Waterville, Nova Scotia, plant, thereby doubling its capacity in North America for the product. The expansion will create about 75 jobs at the plant, which employs about 1,000 and also makes small OTR tires.
* $20 million at the Bogota, Columbia, plant of its Icollantes S.A. subsidiary to add capacity for radial light-duty truck tires. The project added annual capacity of 140,000 radial truck tires to go with the plant's existing capacity of 380,000 bias-ply light truck tires.
* $7 million at its Bad Kreuznach, Germany, passenger and light truck tire plant to add capacity for steel-cord preparation and to modernize and expand the textile-cord preparation line.
* $80 million over six years to upgrade equipment and expand capacity at rubber materials plants in Sandy Springs and Starr, S.C.
* $40 million to build a tread rubber plant in Queretaro, Mexico, to meet growing demand for retreads.
* $85 million over the next five years at its earthmover tire plant in Lexington, S.C., to increase production nearly 50 percent. The expansion will create about 70 jobs by 2010.
Nankang Rubber Tire Corp.
* doubling capacity at its plant in Zhangjiagang/Jiangsu, China, to 24,000 units daily. Investment data and the project timing weren't disclosed.
Nokian Tyres P.L.C.
* $5 million this year to expand capacity at its Nokia, Finland, plant for heavy radial commercial tires, including farm and forestry tires. The project will expand radial capacity by about 30 percent and total capacity by 10 percent.
* $27 million at its passenger tire factory in Vxevolozhks, Russia, adding a rubber mixing department and expanding warehousing at the plant, which went on stream in September 2005. The mixing department investment will support a doubling of capacity at the facility by 2008.
Pirelli & C. S.p.A.
* will spend $180 million over three years to boost truck tire capacity and add capacity for automobile tires at its Yanzhou Revolution Tyre Co. Ltd. joint venture truck tire plant in Yanzhou, China. The project will more than double truck tire capacity to 1.2 million units a year at the facility, formerly owned by RoadOne Tyres.
Shandong Linglong Rubber Co. Ltd.
* expanding annual capacity 20 percent at its plant in Shandong, China, to 12 million units, investing $21.9 million.
Siamese Tyre Co. Ltd.
* a specialist in tires for two- and three-wheeled vehicles, is setting up a plant for radial tires near Bangkok, Thailand, according to suppliers to the firm. Investment, capacity and timing details weren't disclosed.
South China Tire & Rubber Co. Ltd.
* spending about $100 million to build a second factory in China for passenger and light truck radials. South China Tire-also known as Qingdao South China Tire-expects to begin production in 2007 at the 6.46 million-sq.-ft. plant, which will have an annual capacity of 2 million units initially. The firm also is adding capacity at its existing site in Guangzhou City for off-the-road/earthmover tires.
Sumitomo Rubber Industries Ltd.
* budgeted $86 million to $129 million to add capacity for radial truck/bus tires by mid-2006 at its plant in Changshu, China, and quadruple production capacity for passenger tires there by year-end 2008 to 6,000 metric tons a month, or about 5,000 tires a day.
Titan International Inc.
* will invest an undisclosed amount in its recently acquired Bryan, Ohio, earthmover/mining tire operation to double output by adding equipment and upgrading automation.
Yokohama Rubber Co. Ltd.
* $9 million to build a plant near Ho Chi Minh City, Vietnam, to make bias-ply motorcycle and light truck tires. The factory should be on stream by June 2007 with annual capacity of 3,100 metric tons of mixed rubber.
* $81 million for a radial truck and bus tire plant in Suzhou City/Jiangsu, China, scheduled to go on stream by October 2007 with initial annual capacity of 350,000 units. If demand warrants, production capacity will be expanded further in the future.
* $4.2 million to expand capacity for off-the-road tires for construction, mining and other heavy equipment over the next three years by nearly 50 percent at its operation in Onomichi, Japan. Monthly production capacity will grow incrementally through 2009 to 1,620 metric tons from 1,100 tons, with an emphasis on 25-, 33- and 35-inch radial OTR tires.