Yokohama adding 100,000 tyre capacity to Mie plant
Yokohama has announced plans to add 100,000 tyres-worth of production capacity to its existing factory in Ise City, Mie Prefecture, Japan.
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Yokohama Rubber reports record 2022
The Yokohama Rubber Co. Ltd. has reported record sales and earnings in its fiscal 2022 (January to December 2022) figures. Sales revenue increased 28.3 per cent over the previous year, to 860.5 billion yen (£5.338 billion; 6.009 billion euros; US$6.409 billion). Business profit increased 12.8 per cent to 70.1 billion yen (£434.864 million; 489.504 million euros; $522.164 million). Both sales and profit were record figures. However, due to profit from the sale of Yokohama Rubber’s headquarters building in the previous year and other factors operating profit was down 17.7 per cent to 68.9 billion yen.
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GS Yuasa TV launch answers most frequently-asked battery questions
GS Yuasa, manufacturer of both GS and Yuasa batteries, have announced the launch of GYTV, the new name for its engaging and educational battery-learning videos. GYTV initially features two distinct series, covering battery basics and trade-focused advice, and is now available to watch on YouTube.
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Sinochem Holdings denies selling Pirelli stake
On 16 February, Marco Polo International Italy S.r.l. (Marco Polo) stated that “Sinochem does not have any plan to sell its stake in Pirelli”. Marco Polo is Pirelli’s largest shareholder, holding a 37.01 per cent stake in the tyre maker. The ownership of Marco Polo belongs to China National Tyre & Rubber Co., Ltd (CNRC) under Sinochem Holdings.
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Integrating sustainability throughout the organisation: Goodyear EMEA VP talks sustainability
“Sustainability” is not new, but it has really stepped into the foreground in the last couple of years. Furthermore, while “sustainability” is often used synonymously with terms like “green” and “ecological”. It is increasingly used in a much more strategic and philosophical manner to refer to areas across the gamut of environmental as well as corporate and social responsibility domains. At the same time, others have accused businesses of using such language as a means of jumping on the bandwagon and even “greenwashing” their companies to make them appear more sustainable than they are. March’s Tyres & Accessories takes a look at all these points and asks how they relate to the tyre business, beginning with this preview of an interview with Xavier Fraipont, Goodyear VP product development EMEA that will be published in the March edition of Tyres & Accessories magazine. This article is a preview of the full interview that will be published in the March edition of Tyres & Accessories magazine. Not a subscriber? No problem, click here to become one.
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Apollo launches Vredestein Pinza all-terrain tyres in India
Apollo Tyres Ltd has launched its Vredestein-branded Pinza AT tyres in India. Dubbed “dedicated and premium tyres for SUVs in India”, the Vredestein Pinza AT products feature “all-weather grip”, “excellent stability” and are said to deliver “comfortably rugged” and “quieter rides”, according to the company.
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VMI opens extended Poland tyre manufacturing machinery factory
VMI is celebrating the opening of three new assembly halls at its manufacturing site in Leszno, Poland. This brings VMI’s total available floor space in Poland to almost 30,000 square meters. The expansion of the VMI operation, which is part of technology company TKH, follows a number of years of strong growth in VMI’s core tyre and pharmaceutical business.
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Yokohama significantly boosting car tyre capacity in India
In order to satisfy increasing local demand, Yokohama Rubber is expanding passenger car tyre production capacity in India. It will invest US$82 million in its Yokohama India manufacturing and sales subsidiary to increase capacity from 2.8 million tyres per annum to 4.5 million tyres.
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SRI to “optimise” tyre business portfolio
Tyre-related business profit at Sumitomo Rubber Industries (SRI) stood at 67.9 billion yen in 2016 and was still a respectable 41.4 billion yen in 2021, but last year dropped to 12.3 billion yen (£76.2 million). It’s therefore no surprise that SRI believes it has been investing too much capital in unprofitable businesses, and the company intends to change this.
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Bridgestone: Using the sun to make off-highway tyres
Bridgestone’s Shimonoseki and Kitakyushu tyre plants in Japan are now equipped with solar power systems. With a combined generation capacity of 5.8 MW, these systems will supply electricity to produce tyres at the two sites. Bridgestone speaks of an annual CO2 reduction of around 2,700 tonnes.
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Rema Tip Top acquires Abracs
Rema Tip Top AG has acquired UK-based abrasive and power tool accessories specialist Abracs Ltd. With the acquisition, Rema Tip Top intends to bring a wide range of new products to existing automotive customers and open up new markets in the UK and beyond.
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BKT: 67% more production, $2 billion turnover in 3 years
Off-highway tyre specialist BKT has quantified its growth ambitions, and the figures are ambitious. Tyrepress reported yesterday that the manufacturer’s capacity across all manufacturing facilities will reach 360,000 tonnes later in 2023. But BKT has big plans for its “most strategic plant” in Bhuj and has announced its goal of harnessing this facility to achieve annual tyre production of 600,000 tonnes in 3 years. It also intends for turnover of US$2 billion a year by the end of this period.
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Michelin’s Russia exit taking longer than planned
Three months after pausing operations in Russia, Michelin issued a press release on 28 June 2022 acknowledging the technical impossibility of resuming operations there. At the time it spoke of transferring control of its operations to local management, and Michelin tells us that the intention was to dispose of its operations in Russia by the end of last year.
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