Maxxis developing plans for India tyre plant
Talking to Tyrepress about its latest expansion project, Maxxis chairman Tsai-Jen Lo has visited the chief minister of the Indian state of Gujarat in order to finalise plans for Maxxis’ first plant in India. The latest plant, joining ten other Maxxis plants located throughout Asia, is due to be ready for operation in early 2017.
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Reifen China 2015 ready to go
Organisers of the Reifen China Asian tyre market trade fair report that the show is “ready to go” and about to kick off. The event runs from 11 - 13 November 2015 in Shanghai’s New International Expo Centre. Reifen China is organised by Messe Essen and the China United Rubber Corporation who say they are expecting around 100 tyre, and retread-related exhibitors from China, Germany, India, Italy, Japan, Malaysia, Spain and Russia.
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Yokohama release Chelsea tyre
The Yokohama Rubber Co., Ltd. is to launch the “BluEarth-A AE50 Chelsea FC Edition” featuring the Chelsea Football Club logo on the sidewall. Following the product’s release in Japan on 29 October, the tyre will be launched gradually in Europe, Asia and South America, with approaches varying from country to country. According to Yokohama, the Chelsea tyre will be available in three sizes: 225/45R17 94W, 205/55R16 91V and 195/65R15 91H.
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Hercules Tire to highlight new products at SEMA
Hercules Tire will showcase its latest tyres at SEMA 2015 in Las Vegas. Located in Booth #43079, the company will feature new consumer lines, such as the ultra-high performance Hercules Raptis R-T5, new medium truck tyre offerings, and new sizes in popular existing Hercules products.
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VW reports first quarterly loss in 15 years
The Volkswagen Group has reported third quarter 2015 pre-tax losses of 2.522 billion euros as a result of the emissions scandal the firm is embroiled in. The losses are attributed to 10.2 billion euros of special charges in the first nine months of the year. In addition market observers are concerned about the firm’s continued corporate policy.
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Sumitomo Rubber holds opening ceremony for Turkey factory
Sumitomo Rubber Industries (SRI) has held an official opening ceremony for the group’s new tyre factory in Cankiri, Turkey, named Sumitomo Rubber AKO Lastik Sanayi ve Ticaret AS (SAT). The Falken brand manufacturer will use the new facility to supply both the local Turkish market, which is benefitting from the country’s steady economic growth, and the geographically adjacent EMEA regions.
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Kumho’s US plant nearing completion
Kumho’s first North American tyre plant is due for completion in early 2016. The facility is sited in Macon, Georgia, close to Atlanta Airport, which Kumho explains is the busiest in the world, and under 180 miles from the international port of Savannah. Kumho aims to strengthen its position globally and in the key North American market, and has invested $420 million in the factory so far. When complete, the building will cover 21 acres, and produce around four million tyres per annum. Around 90 staff are already engaged on site, a figure that will rise to 400 by the time of next year’s opening.
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Apollo aiming for Jordan market share
Apollo recently opened two Apollo Zone branded retail outlets- in Amman, Jordan. While one of the Apollo Zones was inaugurated by HE Anil Trigunayat, Ambassador of India to Jordan, the other one was inaugurated by Sujay Srivastava, head, Apollo Tyres Middle East and the Proprietor, The Ideal for Import and Export, Wael Qawasmi.
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