Michelin Siam to double output BANGKOK, Thailand—Michelin Siam Group Co. Ltd. will invest nearly $100 million in the coming year to more than double capacity for car and light truck tires at its 10-year-old plant in Laem Chabang, Thailand.
The expansion will serve initially to satisfy growing local demand for high-performance tires and eventually to broaden the company's export offerings, a company official said.
The expansion will push capacity to 6.1 million tires a year from 2.9 million currently and create 600 new jobs, the companies said. The Laem Chabang unit had 850 production employees at last report.
Marangoni plans second tire plant
RAPALLO, Italy—Marangoni S.p.A. will build a $200 million car and light truck tire factory in Europe in the next few years, and is evaluating sites for the plant in southern Italy and central Europe.
The plant, Marangoni's second tire factory, should be operational by 2002 with annual capacity of 4.5 million units, said Andrea Vassura, head of Marangoni's tire division. The company's existing tire plant, in Anagni, Italy, operates at a capacity of 8,000 units per day.
New tires represented about 37 percent of Marangoni's $233.4 million in sales in fiscal 1998. The company recently announced plans to start selling its tires in North America later this year.
Trelleborg upgrades tire facilities
TRELLEBORG, Sweden—Trelleborg Wheel Systems will invest $14 million this year to modernize and upgrade its 800-units-per-day farm tire plant in Tivoli, Italy—a 60-40 joint-venture with Pirelli S.p.A.
Trelleborg Wheel, the tire and wheel division of Trelleborg A.B., also is in the process of transferring production of light industrial tires from its headquarters plant in Trelleborg to its Bergougnan Lanka subsidiary in Sri Lanka, and increasing the degree of automation at its industrial tire plant in Evergem, Belgium. Trelleborg also has phased out production of motorcycle tires to focus on the more core forestry, farm and industrial tire sectors.