In 2011, global tire manufacturers invested heavily in capacity expansion

2024-02-12 08:07:30
In 2011, global tire manufacturers invested heavily in expanding their high-performance tire production capacity to meet market demand. The amount of investment in expansion projects exceeded US$10 billion (equivalent to EUR 7.3 billion) and became the global tire industry investment expansion. Record year. Among them, the investment amounts of Hankook Tire, Michelin, Bridgestone, Pirelli, and Goodyear exceeded US$1 billion.

Hankook Tire ranks first in the list, with an investment of US$1.44 billion for the formation of tire factories in China and Indonesia and an R&D center in South Korea. In second place is Bridgestone, which invested US$1.15 billion to expand its production capacity of passenger car tires in Aiken County, South Carolina, USA. Ranked third is Michelin, with an investment of 1.1 billion U.S. dollars. Goodyear also invested about 1 billion US dollars for expansion, including investment of 500 million US dollars to expand the production capacity of high-performance passenger tires in the tire plant in Santiago, Chile.

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