US final ruling on Thai-produced truck tyre tariffs, ups rates for Bridgestone and Prinx
The U.S. Department of Commerce has issued a final ruling to impose anti-dumping duties of 12.33%-48.39% on truck and bus tyres imported from Thailand. Among them, Bridgestone Corporation, a company located in Thailand, was subject to a tax rate of 48.39 per cent. Prinx Chengshan (Thailand) needs to pay an anti-dumping duty of 12.33 per cent. Other manufacturers and exporters located in Thailand also need to pay a tax rate of 12.33 per cent.
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Cordiant – under new ownership & in US crosshairs
On 30 October, approximately a month after gaining a new owner, Russian tyre maker JSC Cordiant found itself on a list of US sanctions affecting a total of 275 individuals and entities said to be “involved in supplying Russia with advanced technology and equipment that it desperately needs to support its war machine.”
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Hankook reports 18.6% increase in operating profit
Hankook has reported healthy increases in profitability and high-performance tyre market share in third-quarter 2024 financial results that also indicate that sales grew 4.1 per cent year-on-year.
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Sailun appoints two vice presidents
Sailun reports that two of its vice presidents, Gu Kai and Li Jiqing, have resigned due to work adjustments. After resigning as vice president, Gu Kai will continue to hold other positions in Sailun, and Li Jiqing will continue to serve as a director and secretary of the board of directors.
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Daye invests in Morocco bead wire and steel cord plant
Shandong Daye, a supplier of raw materials for tyres, has decided to invest 1.485 billion yuan (about £160 million; €190 million) to open a manufacturing centre in Morocco. The Moroccan factory is planned to be carried out in two phases. The investment amount of the first phase project is 850 million yuan (about £92 million; €110 million), and it is planned to build a production line capable of producing 40,000 bead wires and 40,000 tons of steel cord per year in two years. The project’s first phase is scheduled to start construction in January 2025 and be completed and put into operation in December 2026.
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Kerridge buys Silkmoth
Kerridge Commercial Systems (KCS) has acquired Silkmoth in as part of the company’s continuing efforts to enhance KCS’s automotive software offerings and e-commerce solutions for the UK and European tyre industry.
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Q1 2025 debut for VF Vredestein Traxion CropCare
With the launch of Vredestein Traxion CropCare, Apollo Tyres Ltd now offers a VF sprayer tyre within its agricultural range and believes this product will “set new standards in the row crop tyre segment for stability, self-cleaning and long life.” Engineered specifically for trailed and self-propelled sprayers, Apollo will initially offer the new Vredestein tyre in two sizes – VF 380/90 R46 and VF 380/105 R50 – from early 2025.
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Contec S.A. completes third and fourth pyrolysis lines
Contec S.A. reports that it has completed its third and fourth pyrolysis lines. The new lines, which are already operational, are set to “triple…production capacity over the coming year”.
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Nova Motorsport supplying Avon tyres to HVM Racing championships
Under a recently signed, multi-year tyre supply and sponsorship agreement with France-based historic and classic motorsport promoter HVM Racing, Nova Motorsport will supply period-correct products from its Avon Motorsport tyre range to numerous series across HVM’s Europe-wide portfolio of championships. This new partnership closely follows a similar agreement with the Historic Sports Car Club and further cements Nova Motorsport’s strategic support for all levels of historic motorsport across Europe, dovetailing with the brand’s deep commitment to rallycross and hillclimbing.
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Linglong Tire joins ETRMA
The Board of the European Tyre and Rubber Manufacturers Association (ETRMA) approved the application of Linglong Tire to become a full Corporate Member of the Association with immediate effect.
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Mitas motorcycle tyres & mousse join Cambrian Tyres range
Cambrian Tyres, the UKs largest motorcycle tyre distributor, is adding Mitas motorcycle tyres and mousse products to its expanding portfolio. The first delivery is expected to arrive on 5th November and will initially focus on the adventure and enduro markets, although Cambrian plans to expand the range it offers into other areas early next year.
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Sentury’s production and sales increased in the first nine months
From January to September, Sentury’s revenue and net profit reached 6.34 billion yuan (about £690 million; €820 million) and 1.73 billion yuan (about £190 million; €220 million) respectively.
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Haohua Vietnam tyre factory starts production
Tyrepress China has learned that Shandong tyre manufacturer Haohua’s Vietnam plant has the production capacity of PCR and TBR. The news follows the start of production at the plant on 28 October 2024. Photos from the scene show that the first tyres off the production line were both PCR and TBR lines.
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Shougang Century Holdings visits Europe to select a site for a new factory
Shougang Century Holdings, a Chinese steel cord manufacturer, is selecting a site for an overseas factory and has visited Southeast Asia and Europe. Shougang Century Holdings said it has accelerated the pace of building factories overseas to “help the company expand its international business”. The steel cord manufacturer has set a goal of “achieving more than 50 per cent of sales from overseas customers” and “establishing a complete global sales, logistics and service network”.
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Doublestar general manager Su Ming resigns
Doublestar said its board director and general manager, Su Ming, submitted his resignation application for personal reasons. The tyre manufacturer has yet to announce who will replace Su Ming as the new general manager.
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