Expansion plans on four continents

London – Tire makers have announced expansion plans in Europe, South America, Africa and Asia, in response to ongoing growth in tire consumption.

Hankook Tire on 23 March announced plans to add 550,000 unit/year truck & bus tire capacity in Hungary. A €290-million project at the company’s Rácalmás site will start in June, with production scheduled to start two years later.

Pirelli, meanwhile, has unveiled plans to invest more than €250m in Latin America over the next three years. Digital transformation, smart manufacture and ‘big data’ will be…

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