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Ongoing Investment

November 26th, 2012

Several of ITMA’s members have recently announced substantial investment plans which will see them significantly increase their production and technical capabilities.

Shandong Linglong, recently signed a contract to purchase 49 hectares of land for a new manufacturing facility in Thailand. The move is the first time that the company has sought to build a factory outside of China. Work is expected to commence in January 2013 with completion just 12 months later. Production at the new facility is expected to start in June 2014 with a capacity of 2 million car and light truck tyres per year.

Aelous Tyres which specialises in truck and earthmover tyres, recently announced its new 600,000 square metre factory is on track to enter operation at the end of the year. The company, which now has over 50 percent of the Chinese OEM OTR market, will increase its OTR capacity by some 150,000 radials per year.

Meanwhile, Maxxis International has just opened an 860,000 square metre proving ground directly adjacent to its Shanghai manufacturing plant. The facility is estimated to have cost more than $150 million and has been described as China’s first international standard proving ground. It contains a number of vehicle test surfaces including a high-speed banked circuit, both dry and wet skidpan areas, dry and wet handling courses, a noise course and braking performance areas.

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