J.S.C. Nizhnekamskshina — $270 million for a Phase II expansion of production capacity for all-steel radial truck tires by 75% at its plant in Nizhnekamsk. The project will boost capacity there to 2.8 million truck tires and 33,000 units of annual capacity for large agricultural and industrial tires.
Sailun Tire Group — $946 million to build, expand and refurbish factories in China, Cambodia and Vietnam.
In Cambodia, Sailun is committing $338 million to build a car and light truck tire factory in that nation's Svay Rieng Province, scheduled to go on stream by 2023/24 and rated at 9 million units a year at full capacity. The new plant will be Sailun's fifth factory worldwide and second outside of China.
In Vietnam, Sailun plans to expand capacities for car, truck and OTR tires at its 7-year-old plant there in response to rising demand from customers in the U.S. and Europe.
The project is budgeted at $462 million over three years and will boost annual capacity at the plant by 3 million passenger tires, 1 million truck/bus tires and 50,000 metric tons of OTR tires, Sailun said.
Separately, Sailun commissioned production early in 2021 at a refurbished radial tire plant in Weifang, Shandong Province, that previously belonged to Anchi Tyres. Sailun acquired the facility in January and budgeted $130 million to upgrade it into a smart factory. It completed the project two months ahead of schedule.
Located in the Weifang's Zhucheng Economic Development Zone, the plant is rated at 6 million passenger and 1.5 million truck/bus tires a year, Sailun said.
Sumitomo Rubber Industries Ltd. — $425 million over three years to increase capacities at plants in Brazil, Japan, Thailand and the U.S.
The project in Brazil, budgeted at $200 million, will boost capacity for passenger car and light truck tires at the plant in Fazenda Rio Grande, Paraná, Brazil, nearly 28% to 23,000 per day by April 2024.
Additionally, the factory will also double capacity for medium truck and bus tires to 2,200 per day by April 2025, up from the current 1,000 per day.
In Asia, SRI has budgeted $102 million to expanding capacity for tires for light truck and SUV applications at plants in Amati, Thailand, and Miyazaki, Japan. SRI aims to produce 4,150 of these tires per day by year-end 2023 at the Thai plant in Amati City and 1,600 units/day at the Miyazaki plant by year-end 2024.
In the U.S., SRI will invest $122 million over three years to increase capacity for car, light truck and medium truck tires at its factory in Tonawanda, N.Y., in response to increased demand. SRI is budgeting $96 million to nearly double capacity for car and light truck tires to 12,000 units a day by year-end 2023, as well as $26 million through year-end 2024 to raise truck tire capacity 31.4% to 2,300 tires a day.
TVS Srichakra Ltd. — $135 million over three years to expand capacity for two- and three-wheeler and OTR tires at plants in Madurai and Pantnagar, India. The investment project will result in a 25% to 30% increase in capacity for two- and three-wheel tires and a doubling of capacity for off-highway tires, the Madurai-based company said.
Yokohama Rubber Co. Ltd. — $336 million for an off-the-road tire plant in India's Andhra Pradesh Province, due on stream by 2023. The plant, which will have a rated capacity of 123 metric a day of OTR tires by 2024, is under construction at a site near Visakhapatnam, India, a port city on the Bay of Bengal about 500 miles north of Chennai.
The plant, to be operated by Yokohama's Alliance Tire subsidiary, will be its third OTR tire factory in India and eighth worldwide.