Indonesian tyre market to grow 17.98% CAGR by 2018
The two-wheeler tyre market in Indonesia is set to grow at a compound annual growth rate (CAGR) of 17.98 per cent 2013-2018. That’s the view of a new report published by Research and Markets in January. According to the report’s writers one of the key factors contributing to this market growth is the strong demand for two-wheelers. The two-wheeler tyre market in Indonesia has also been witnessing growing demand for replacement tyres, which is likely to be based on the growing size of the domestic two-wheel vehicle parc.
In order to strengthen its Japanese-market retreading activities and meet an anticipated increase in demand for retreaded tyres, on 1 January 2014 Yokohama Rubber integrated its two domestic retreading businesses into a single entity. The new Japanese retreading company is called Yokohama Tire Retread Co., Ltd. and sees Sanyo Retread Co., Ltd. merged into the larger Yokohama Tire East Japan Retread Co., Ltd. operation. Atao Kishi, former head of Yokohama Rubber’s commercial tyre development division, has been named the new operation’s president.
Iranian tyre manufacturers optimistic about export future as sanctions ease
As Iranian business envoys court representatives of the various global markets at the 2014 World Economic Forum in Davos, Switzerland, details of the country’s recent tyre market development have also emerged. Of course, the Iranian enterprise bigwigs have been intent on smoozing with the self-styled “masters of the universe” in order to make business in-roads now that certain automotive and petrochemical economic sanctions have been lifted by the west. During a recent interview with the BBC one such envoy described Iran as a very developed and highly educated market poised for further development, but it also has to be said that the geo-political environment makes things complex.
While German tyre trade organisation and Reifen show ‘ideal sponsor’ the BRV has announced plans to hold its tyre exhibition in Cologne as of 2018, Messe Essen, who operates the site where Reifen has been held for some 50 years, indicates it may continue hosting the show in Essen.
In addition to participating in an advertising arrangement with England’s Premier League, Lassa Tyres has engaged in football sponsorship in Germany for a number of years. The Turkish tyre maker partnered with Borussia Mönchengladbach for the 2011/12 and 2012/13 seasons, and now it has signed a new agreement with Hamburg-based club HSV. Lassa says it found a partnership with Hamburger SV attractive as the club is one of Germany’s oldest, most famous and successful football teams, and has the unique distinction of having played continuously in the Bundesliga since its foundation.
This week’s agreement between Goodyear Dunlop Tires France and the CGT union over the tyre maker’s Amiens Nord factory removes the major obstacle that blocked Titan International’s acquisition of the Amiens Nord agricultural tyre business. After hearing that the two parties have buried the hatchet, Titan CEO and chairman Maurice Taylor indicated he’s once again prepared to do business.
Bridgestone wins trademark lawsuit against Chinese firms
A Chinese court has ruled that a tyre maker’s use of the Besttone name and a logo similar to that of the Bridgestone tyre brand constitutes trademark infringement. As a result, production and sales of the Besttone brand must now stop and Chinese firm Shenzhen Momentum Star Tyre Co., Ltd. and its affiliate Hangzhou Hangyou Rubber Products Co., Ltd. must pay Bridgestone damages.
Ecobat Technologies has grown its battery business with the purchase of the battery collection division of German company Must GmbH and French battery distributor Batteries Accus Technologies. Through the acquisition of Must GmbH’s battery collection vision, the European market leader in lead-based battery collection and component recycling will increase its presence in northern, eastern and central Germany, while the French deal brings a fourth European battery distribution business into Ecobat’s Global Battery Distribution Division, which also consists of Manbat (UK and Republic of Ireland), Hefra (Netherlands), ACA (Belgium).
The US state legislature in Massachusetts is considering a new bill on tyre aging. If brought into force, the new law could make it illegal for passenger vehicles to have tyres over six years old.
As reported yesterday, The Reifen show looks set to find a new home in Cologne from 2018 onwards. The reason local publication the Westdeutsche Allgemeine Zeitung gave for this change of location after half a century in the German city of Essen was the local referendum on renovation plans for the Messe Essen site – 50.4 per cent of residents voted against the €120 million investment to modernise the exhibition facility. However our German sister publication Neue Reifenzeitung has learned that the move to Cologne would have occurred no matter what the referendum’s outcome was.
Yulex Corporation opens Guayule seed and genetics R&D centre
Yulex Corporation is opening a Seed & Genetics Center focused the development of guayule plantations and best practice for all kinds of applications. According to the company, Yulex’s Seed & Genetics Center will support the global commercial development of guayule. Additional research activities at the Center involve the refinement of sustainable production techniques designed to improve guayule’s rubber yield and quality through natural processes, with a focus on soil management and natural crop production inputs.
April 2014 start for Yokohama’s 2nd Chinese PCR plant
In summer 2013, Yokohama Rubber began building a passenger car tyre factory in China’s Jiangsu Province, the company shared today. The new plant is being erected adjacent to a truck and bus tyre factory operated by Chinese subsidiary Suzhou Yokohama Tire Co., Ltd., and is expected to begin production in April 2014. Production capacity will grow incrementally until it reaches six million tyres per annum by the end of 2017. Total investment in the plant will amount to approximately ¥26.5 billion (£153.7 million).
French Prime Minister Jean-Marc Ayrault and Minister of Industrial Renewal Arnaud Montebourg have welcomed the end of the long-term standoff over Goodyear’s Amiens Nord factory. In a statement issued on 22 January, Montebourg expresses confidence that the signing of a deal between Goodyear management and representatives of the CGT (Confédération générale du travail or General Confederation of Labour) union will end the plant’s occupation and seven years of tension.
Marangoni appoints PwC to sell its Anagni car tyre plant
Marangoni Group has appointed PricewaterhouseCoopers Corporate Finance (PwC) as its financial advisor to assist with the companys sales of its car and light truck tyres plant in Anagni near Rome.
Bandag sues transport company for trademark infringement
Bridgestone Americas retreading operation is suing a van-transport company for trademark infringement, reports indicate. In a suit filed this week in the US District Court for Middle Tennessee, Bridgestone Bandag Tire Solutions says the newly-designed logo used by Bandago, a California-based company that provides van rentals primarily for touring musical acts, may cause consumer confusion.
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