New Kumho Tire asking price a chance for Park Sam-koo
Kumho Asiana chairman Park Sam-koo may soon be back in the running to acquire a 42.01 per cent stake in Kumho Tire.
Continue Reading‘Hybrid’ rubber offers hope of self-healing tyres
The Harvard John A. Paulson School of Engineering and Applied Sciences (SEAS) encourages us to “imagine a tyre that could heal after being punctured,” and a team from the school has done more than just imagine – according to SEAS, its researchers have “developed a new type of rubber that is as tough as natural rubber but can also self-heal.”
Continue ReadingEC clears Bain Capital’s acquisition of Reiff’s tyre distribution business
A further step towards consolidation within Europe’s tyre wholesaling sector has been taken with the European Commission approving the sale of Reiff Reifen und Autotechnik to US private equity fund Bain Capital Investors LLC. The new owner states its intention to become a regional leader within this business.
Continue ReadingStamford Tyres establishes subsidiary in China
Stamford Tyres (Hong Kong) Ltd., a subsidiary of Singapore-based Stamford Tyres Corporation Limited, has set up a wholly-owned subsidiary in China. The new company, Stamford Tyres Dongguan Co Ltd., was set up with a registered capital of US$1 million and will principally engage in the wholesale and distribution of tyres, wheels and automotive accessories.
Continue ReadingBKT: Bhuj carbon black plant to ‘better ensure raw material qualities’
Eight hectares have been set aside at the Balkrishna Industries Limited (BKT) production site in Bhuj, India for the construction of a new carbon black plant. Last month the tyre maker’s Board of Directors approved an initial investment of Rs 1.5 billion (£18.1 million) for this project to add backward integration to BKT’s supply chain, and the company says the plant will not only provide a constant supply of raw materials for its tyre production, the carbon black produced in Bhuj will enable it to “better ensure raw material qualities thanks to the now even more accurate controls at the beginning of the entire manufacturing process.”
Continue ReadingCITExpo 2017 opens in Shanghai
The 15th edition of the China International Tire Expo has opened at the Shanghai World Expo Exhibition & Convention Center. Exhibitors at the show comprise a mix of growing tyre manufacturers from the Chinese market, international trading companies, wheel suppliers and others, while. In addition to Chinese industry players, Europe is represented by UK distributor Oak Tyres’ Davanti tyre brand, FM Tyres from the Netherlands, and Italian distributor Franco Gomme, while Singapore’s Stamford Tyres and Taiwan’s Nankang add to the international exhibitor base. The internationalism of the show is also reflected in the visitors arriving today from five continents.
Continue ReadingKama NF 202 a Tatarstan ‘best product’
The Kama 385/65R 22.5 NF 202, a solid-steel cord truck tyre manufactured by the Nizhnekamsk SSC Tire Factory, is a winner in the ‘Industrial and Technology Products’ of the ‘Best goods and services of the Republic of Tatarstan’ competition. Parent company Tatneft writes that the tyre was chosen from 449 applications submitted by 207 manufacturers.
Continue ReadingDoublestar wants Kumho Tire stake for KRW 800 billion
On Friday, we reported that Chinese tyre maker Qingdao Doublestar Tire was angling for a ten per cent discount on the 42.01 per cent stake in Kumho Tire it wishes to acquire. Not so, wrote The Korea Times over the weekend – according to its sources, Doublestar wants creditors to cut the price to KRW 800 billion (£544.6 million), a discount of 16.2 per cent on the original bid price.
Continue ReadingPirelli investing in compound unit at German UHP tyre factory
The Pirelli plant in Breuberg, Germany is considered one of the company’s leading sites for the production of ultra-high performance tyres, and to cement the factory’s position a new investment is being made in equipment and facilities. Through this investment of an undisclosed sum, the tyre maker is setting up a new rubber compound processing facility in Breuberg.
Continue ReadingDoublestar surprises with demand for Kumho Tire discount
Just when it seemed the sale of a controlling stake in Kumho Tire to Qingdao Doublestar Tire was in the bag, the Chinese tyre maker has surprised everyone with its demand that Kumho Tire’s creditors reduce their KRW 955 billion (£650.3 million) bid price by ten per cent. Will this cause the deal to fall apart?
Continue ReadingCAM: OTC upgrades UK truck tyre data
CAM’s Online Tyre Catalogue (OTC) is playing a key role in linking ‘sharer dealers’ to the platform the Tyre Intelligence Europe (TIE) initiative. According to the company, the pivotal role the system is playing when it comes to accessing details down to the article level for brands, sizes and location of sale is becoming increasingly apparent.
Continue ReadingRetreaders install new Vipal-developed buffer
Brazilian retreaders União and Toro have installed a Vipal Rubber-developed casing buffing system. The VR01 Smart DUO, a dual position buffer, was installed at União Tire Retreading in São Paulo retreader in April. Soon after, another partner of the Vipal Authorized Network Deatler had installed a single position variant at its Toro Recauchutagem operation in Rio de Janeiro.
Continue ReadingOmsk carbon black production to start in 2018
Omsk Carbon, the Russian carbon black manufacturer, has announced that its new carbon black site will begin production in the second quarter of 2018 – a roughly 18-month delay compared to the original plan.
Continue ReadingAustralian truck race series running on Giti tyres
In its first truck and bus tyre racing series partnership anywhere in the world, Giti Tire has become the main sponsor of the 2017 Super Truck Nationals race series in Australia. The tyre maker’s truck and bus race debut coincides with the launch of the Giti brand truck and bus range in the Oceania region.
Continue ReadingSigning of Kumho Tire contract expected this month
According to industry sources, Kumho Tires’ creditors will return the agreement on use of the Kumho brand name to Kumho Industrial this week ahead of a planned signing of a contract before the end of the month.
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