Thursday, August 12, 2010
Vittoria Tires Expansion
Vittoria Industries is enlarging its production capacity substantially. The company invests € 4.3 million to upgrade its existing factory and commissions a new plant. A surge in demand in the second half of 2009, from several large new clients as well as the existing client base, is driving the expansion plan.
By the end of 2010, Vittoria expects to be producing 7 million premium road race and MTB tires, and 1 million tubulars annually.
Vittoria Industries reports that its subsidiary Lion Tyres Thailand will take on a new rubber-production facility. This high-tech compound factory, located some 140 kilometres south of Bangkok in the Rayong Industrial Estate, will develop and produce 100% of all rubber compound needed for its tire production.
The Vittoria Industries compound factory will start production in 2012 and will also supply rubber to automotive parts suppliers in the Rayong region.
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