Expansion
Biomerics L.L.C. is expanding its Minnesota plant, allowing the company to triple its extrusion output over the next five years, officials said.
An Egyptian business entity known as Rolling Plus Chemical Industries has disclosed plans to invest up to $1 billion in a new tire factory in Egypt's Suez Canal Economic Zone.
ExxonMobil Chemical has added more than 1.5 billion pounds of specialty materials production in Baytown, Texas.
Officials in Vietnam's Binh Phuoc Province have given Chinese tire maker Shandong Haohua Tire Group the green light to proceed with construction of a passenger and truck tire plant valued at $500 million.
After a run of a few lean years in terms of capacity expansion investments, tire makers around the world loosened the purse strings a bit, committing more than $6.5 billion toward capital expenditures.
Bridgestone Corp.'s mid- to long-term growth strategy includes plans to restructure its production processes across global operations in order to raise production capacities for premium tires.
With a $21 million investment, Junchuang North America Inc. is bringing its precision plastics molding and LSR solutions for the EV market to the Lone Star State.
Hankook is upgrading and expanding truck and bus tire production at its 11-year-old plant in Chongqing, China.
Bridgestone Americas Inc. broke ground Aug. 16 on its $550 million project to expand its Warren County, Tenn. manufacturing plant into a 2.8 million-sq.-ft. facility.
In response to continental demand in the belting market, Dayco L.L.C. has constructed an $11.4 million, 73,800-sq.-ft. production facility from the ground up in a major industrial park in San Luis Potosi for its poly-v belts.