Kraiburg Austria invests in Spain
Having appointed Alessandro Bottesini as sales manager in March, Kraiburg Austria now offers extended technical support for its proven, high quality products. The company reports that in it is experience such a move is important for market growth. Furthermore it is of crucial importance for the fleets to under-stand how to fit retreaded tyres with a perfectly matched combination of pattern design and compound for the relevant application.
Continue ReadingAll Arconic Wheels exceed DAF requirements in 2016
Arconic has announced that its Alcoa forged aluminium wheels have received a quality achievement award from PACCAR for meeting or exceeding stringent 10 parts per million (PPM) quality performance requirements. Arconic achieved 0 PPM in 2016 for deliveries to DAF, a subsidiary of PACCAR, reflecting excellence in every step of the manufacturing process, forging to finishing to packaging.
Continue ReadingBridgestone investing $304 million to expand plants in India
A total of US$304.3 million has been earmarked for the expansion of two Bridgestone tyre factories in India. Over a period of five years, Bridgestone India Pvt. Ltd.’s Pune and Indore plants will be upgraded to accommodate the growth of India’s car parc. Production capacity at the two facilities is expected to rise by an estimated 15,000 tyres per day, giving a combined daily capacity of approximately 41,000 tyres by 2022.
Continue ReadingIndia considering anti-dumping duties for Chinese truck tyres
The body within India’s Department of Commerce established to investigate unfair trade practices has recommended the introduction of anti-dumping duties on certain tyres imported from China. In the recently published findings of its report into truck and bus tyres with rim diameters above 16-inches that originate in or are exported from the People’s Republic, the Directorate General of Anti-Dumping (DGAD) states it is “of the view that imposition of definitive anti-dumping duty is necessary to offset dumping and injury.”
Continue ReadingSRI to stop Dunlop production at US plant, focusing on Falken brand
When the global joint venture between Goodyear Tire & Rubber and Sumitomo Rubber Industries (SRI) ended in 2015, the Goodyear tyre plant in Buffalo, New York became a SRI asset. Production of Dunlop branded tyres destined for fitment as original equipment on new vehicles nevertheless continued, however it seems SRI intends to discontinue this arrangement next year.
Continue ReadingBalkrishna to build carbon black plant
Balkrishna Industries, the firm behind BKT brand tyres, recently announced plans to build a 60,000 ton/year carbon black plant at its facility in Bhuj, Gujarat, India. No completion date was announced for the project that is estimated to cost roughly $23 million.
Continue ReadingDouble Coin opens Canada distribution centre
Huayi, which trades under the Double Coin brand name has established Huayi Tire Canada in Vancouver, British Columbia. According to reports, the location reduces delivery times for the firm’s truck and bus and OTR tyres.
Continue ReadingJiangsu General Technology establishes US tyremaking subsidiary
Jiangsu General Technology Co., Ltd. is establishing a wholly-owned subsidiary in the Georgia, US, which is likely to be called General Rubber (North America) Limited.
Continue ReadingApollo Tyres: Raw material prices drags profit down 72%
High raw material prices strongly influenced the bottom line at Apollo Tyres Ltd in the three months to 30 June 2017. Although net sales, at Rs 32.58 billion (£391.0 million), were in line with those achieved in the corresponding quarter a year earlier, operating profit declined 50.3 per cent to Rs 2.82 billion (£33.8 million) and net profit was down 72.0 per cent to Rs 880.3 million (£10.6 million).
Continue ReadingCeat Ltd: Profit drops 99%
Despite revenues remaining relatively stable, Ceat Limited endured a massive drop in net profit in the first quarter of its financial year. Consolidated net revenues declined 0.7 per cent year-on-year to Rs 14.6 billion (£175.2 million), while the Indian tyre maker reported a 70.4 per cent per cent decline in EBITA to Rs 580 million (£7.0 million) and shrinkage of the margin from 13.3 per cent to 4.0 per cent. Profit after tax plummeted 99.0 per cent from Rs 1.03 billion (£1.2 million) to Rs 10 million (£120,000).
Continue ReadingMRF Ltd: Q2 2017 profit down 78%
Although its total income rose 2.7 per cent year-on-year in the second quarter of the year, to Rs 40.1 billion (£480.8 million), MRF Limited reported a substantial drop in profit during the three months to 30 June 2017. The India tyre maker’s profit declined 77.9 per cent to Rs 1.1 billion (£12.7 million) due to a 21.0 per cent year-on-year rise in expenses, to Rs 39.2 billion.
Continue ReadingMRL launches new website
MRL Tyres Ltd. (India) has launched a new website at www.mrltires.com. The new site is designed to offer enriched content and give users a better browsing experience from their mobile devices. With this in mind, the layout of the site has been optimized for browsing from tablets and smartphones.
Continue ReadingDEKRA expands in Portugal through MasterTest acquisition
The three testing stations run by DEKRA in Portugal have now been joined by a further 11 following the acquisition of Portuguese testing organisation MasterTest. DEKRA has been in the market for vehicle inspections in Portugal since 2016 and plans to open three further stations there by the end of the year.
Continue ReadingCamso acquires Omni Industrial Tire
Camso has expanded its tyre service and material handling distribution footprint in the USA with the acquisition of Texas-based Omni Industrial Tire. Commenting on the acquisition, Bob Bulger, vice-president and general manager – Solideal On-Site Service, said: “The acquisition of Omni Industrial Tire will enable Camso to further penetrate the Texas market and consolidate its leadership position in this region. Omni has a strong and respected name in Texas, and shares our unique view of providing OTR mobility solutions.”
Continue ReadingSuperdoll Zambia gains ISO 9001-2015
The Superdoll OTR tyre retreading and repair plant, purportedly the largest OTR retreading plant in the world and located in Ndola Copperbelt was recently awarded the Certificate in Quality Management System based on ISO 9001-2015. The Certification audit was conducted by the Zambian Bureau of Standards (ZABS) from 4 to 5 April 2017. The ZABS Certification Decision Committee, met and approved the award of Certificate of Quality Management System.
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