Miyamori becomes Toyo Tire corporate officer amongst personnel changes
Toyo Tire Corporation president and CEO Takashi Shimizu announced the following changes of assignments for a corporate officer as well as further personnel changes in statement released on 30 October 2023.
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Triangle Tyre makes China Construction Machinery Prime Suppliers list
Triangle Tyre has been included on the latest China Construction Machinery Technology list of Prime Suppliers. the latest China Beijing International Construction Machinery, Building Material Machines and Mining Machines Exhibition & Seminar (BICES 2023) took place in Beijing in September, hosting the 2023 China Construction Machinery Technology Innovation Summit & Prime Suppliers 500 Launch Ceremony. Triangle Tyre said its reputation as a construction tyre supplier and innovation capability were key factors in gaining a place on the list.
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Double Coin partners Altra Tyres in Kazakhstan
On 27 October, Double Coin held a strategic cooperation signing ceremony with Altra Tyres, a tyre sales company in Central Asia. Tyrepress China learned that the two parties are strengthening cooperation in Kazakhstan, involving the sales of TBR, PCR and OTR tyres made by Double Coin in the region, as well as overseas warehouse projects.
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Sailun Cambodia plant increases tyre production capacity by 6 million units
On 30 October, Sailun stated that it plans to invest 1.47 billion yuan (approximately £170 million; €190 million) to build a semi-steel radial tyre project in Cambodia with an annual output of 6 million units. According to the tyre manufacturer, as the competitiveness of tyre products at Cambodian factories has continued to improve in recent years, existing production capacity can no longer meet existing customer orders. It is reported that the newly added semi-steel radial tyre products will be mainly targeted at overseas markets such as North America.
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Subsidies didn’t stop Doublestar losing money in Q3
In the third quarter of 2023, Doublestar’s revenue increased by 11.95 per cent year-on-year to 1.23 billion yuan (approximately £139 million; €159 million). Doublestar specified that its PCR products had achieved profitability from July to September. However, overall, during the reporting period, the tyre manufacturer was still in the red despite an increase in operating income, with a loss of 53.32 million yuan (approximately £6 million; €6.87 million).
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Apollo to build new tyre warehouse in Enschede
Apollo Tyres will partially rebuild its primary tyre warehouse in Enschede, the Netherlands to “improve operational efficiency and reduce its environmental impact”. Scheduled to reopen in February 2025, investment in the 25,000 m2 warehouse is said to reflect Apollo Tyres’ “long-term commitment to production in the Netherlands”.
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Triangle Q3 net profit up 100%
In its third quarter, Triangle produced 6.2706 million tyres, sold 6.5204 million tyres, and reported revenue of approximately 2.67 billion yuan (about £300 million; €340 million).
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Xingda and Hixih to build joint factory
Recently, Jiangsu Xingda Steel Tyre Cord and Hixih Rubber entered an investment agreement. It is reported that the two parties are preparing to establish a joint venture to build a factory with an annual output of 50,000 tons of steel tyre cord. According to the agreement between the two parties, Xingda will be responsible for all operations and management of the joint venture company. The board of directors of the joint venture company consists of three directors, with the number of directors appointed by Xingda and Hixih being two and one.
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Guangrao introduces 10 policies to promote ‘high-quality tyre development’
Recently, Guangrao County authorities, Shandong Province, held a press conference and stated that it would launch 10 policies to support the high-quality development of the local rubber tyre industry.
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Coalition against unfair tyre imports requests tariff review
Ahead of the expiry of anti-dumping tariffs on China-produced truck tyres imported into the European Union, on 20 October the European Commission reported receiving a request to review these. The European industry observers our sister title Neue Refeinzeitung (NRZ) spoke to expect a preliminary decision at the beginning of the review. Meanwhile, Chinese market sources told Tyrepress China that the tyre makers at the centre of the case have generally responded “calmly”, having become accustomed to “trade barriers” from Europe. Whatever the current market reaction is, the investigation will be concluded “within 12 months and in any event no later than 15 months from the date of…publication” (20 October 2023), according to the Commission.
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Goodyear concludes large-scale solar project
It’s solar superlative time. The Goodyear Tire & Rubber Company reports having completed its largest solar panel installation to date. More than 29,700 solar panels now sit upon the rooftop of the tyre maker’s Pulandian factory site in Dalian, China, as well as on adjoining warehouse and office buildings – equipment that Goodyear says will reduce carbon emissions from purchased electricity by 17,000 tonnes annually over 25 years.
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US debut for Toyo Open Country A/T III EV
Toyo Tires has extended its all-terrain tyre range for North America to include a tyre aimed at electric trucks and SUVs. The tyre maker designed and is manufacturing the Toyo Open Country A/T III EV in the USA and plans to offer “a wide range of unique sizes and high-load combinations for 18- to 24-inch wheel diameters.” No word from Toyo so far about a UK or European launch.
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Martins launches three new sub-brands
Martins, the tyre equipment and industrial supplier, has launched three new sub-brands: tiretools, tirestow, and tiresupp. According to the company, the expansion “marks a significant milestone in the companys ongoing commitment to providing top-notch solutions and services to its clientele.”
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Bridgestone ends TBR production at Rangsit plant
Bridgestone Corporation completed the consolidation of its tyre manufacturing operation in Thailand today with the end of truck and bus radial production at its Rangsit plant. Bridgestone Tire Manufacturing (Thailand) Co. Ltd’s Chonburi facility has taken over this production capacity.
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No longer competitive – Michelin closing Ardmore, USA tyre plant
In response to a “rapidly and profoundly” changing passenger vehicle market in North America, Michelin has decided to end production at its Ardmore tyre plant in Oklahoma. Michelin North America idled operations at the factory from the morning of 26 October to begin the process of presenting details to the workforce. It expects to resume operations early on 28 October, but “over the coming days and weeks” Michelin representatives will discuss separation conditions with each individual employee.
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