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ZC Rubber to Deploy 3.93 Billion Yuan IPO Proceeds for Subsidiary Expansion
June 30, 2025
Zhongce Rubber Group (ZC Rubber), China’s leading tyre manufacturer, will allocate ¥3.93 billion ($541.3M) from its February 2025 IPO to expand and upgrade production facilities across five key subsidiaries. The investments aim to boost high-performanc
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Kobe Steel to Invest USD 20 Mln in India Plant Expansion as Tyre Demand Surges
June 30, 2025
Japanese steelmaker Kobe Steel Ltd is investing USD 20.7 million to expand its Chennai-based manufacturing subsidiary, Kobelco Industrial Machinery India (KIMI), targeting completion by fiscal 2027. The expansion capitalizes on India's automotive boom and
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Bridgestone Develops Custom Potenza Race Tyres For Volkswagen Golf GTI Edition 50
June 30, 2025
Bridgestone stated that its bespoke Potenza Race tyres were instrumental in the Volkswagen Golf GTI Edition 50's record-setting performance at the recent 24-hour race at Germany's iconic Nurburgring.
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First Michelin Tyres & Services Store Opens In Vijayawada
June 30, 2025
Michelin, the global leader in tyre technology, has expanded its retail footprint in Southern India with the launch of its first Michelin Tyres & Services store in Vijayawada, in collaboration with Sanghvi Car Shoppe. This marks Michelin’s third retail
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Linglong Tire One Of 500 Most Valuable Brands In China
June 30, 2025
The 22nd World Brand Conference was held in Beijing in mid-June 2025, where the World Brand Lab unveiled the 500 most valuable Chinese brands of the year. Linglong Tire achieved a significant milestone by surpassing the CNY 100-billion threshold for the f
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Algeria's SHLI Launches DZD-50-Billion Tyre Manufacturing Complex
June 28, 2025
El Hadj Larbi Industrie (SHLI) has announced significant progress on its state-of-the-art tire manufacturing facility in Tafraoui's El Hamoul industrial zone, marking a transformative development for Algeria's industrial sector. This DZD-50-billion projec
