Vittoria Industries Invests in 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 halve of 2009, from
MADONE, Italy – 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 halve 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 tyres 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 tyre production. The Rayong area of Thailand is transforming itself into an international production center for car exports. The world’s major automotive brands are all present. Total production at Rayong area is in excess of 1.5 million vehicles per year and is growing at an annual rate of 30%.
The Vittoria Industries compound factory will start production in 2012 and is planned to supply also to rubber automotive parts suppliers in the Rayong region.
Vittoria is also committing a further € 2.8 million investment in the creation of Vittoria Data Center Ltd. This company, located in Bangkok, will provide the global data-processing and communications services required by the expanding Vittoria Group. Vittoria Data Center has already acquired premises to house the technical infrastructure and personnel. When fully operational in 2011, it will have a technical staff of around 10 specialists providing programming, database, and communications support to the group.