[Comunicato stampa] Big jump in demand spurs major expansion by Vittoria Industries: more capacity, new rubber-production plant, new global data center planned Vittoria Industries is making a major new investment in production capacity. It will invest US $6 million to upgrade its existing factory and commission a new plant.
A surge in demand in H2 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 at level of yearly 7 million premium road race and MTB tires and 1 million tubulars.
The Vittoria Industries factory Lion Tyres Thailand will take on a new rubber-production facility. This high-tech compound factory, located some 140 km south of Bangkok in the Rayong Industrial Estate, will develop and produce 100% of all rubber compound needed for its tire production.
The Rayong area of Thailand is transforming itself into an international production center for car exports. The worlds major automotive brands are all present. Production 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 H1 2012 and is planned to supply also to rubber automotive parts suppliers in the Rayong region.
The new Rubber Compound Factory Vittoria is also committing a further US $4 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, server park, and personnel.
When fully operational in Q2 2011, it will have a technical staff of around 10 specialists providing programming, database, and communications support to the group.