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TVS Srichakra reports that it is planning to increase total tyre production capacity from 2.3 million tyres per month to 2.5 million. The Madurai, India-based firm told local news sources that it do so by the second quarter of the current financial year.
Turkish joint venture tyre maker Brisa Bridgestone Sabancı Lastik Sanayi ve Ticaret A.S. – or Brisa, as it is more commonly known – intends to primarily utilise a US$150 million long-term loan from the European Bank for Reconstruction and Development (EBRD) and $160 million from a syndicated loan transaction arranged and coordinated by Mitsubishi UFJ Financial Group (MUFG) for the greenfield factory it is now building in Anatolia. A portion of the financing will also be directed towards the expansion of Brisa’s truck and bus tyre plant in Izmit.
Ground was broken and the first stone set in place for the new Michelin plant in Mexico at a ceremony held yesterday and attended by government dignitaries, key customers and company management. Construction of the plant in León – Michelin’s 69th factory globally and 21st in North America – is expected to begin immediately, with completion currently scheduled for late 2018.
Dmack drivers Elfyn Evans and Craig Parry were crowned 2016 MSA British Rally champions after sealing their fourth overall victory on a difficult Ulster Rally. It was the Welsh pair’s fourth overall rally win from five finishes, moving them into an unbeatable position in the series with one round still remaining. Evans, from Dolgellau in mid-Wales, followed in the footsteps of his father Gwyndaf – who won the British Rally Championship exactly 20 years ago. Using Dmack’s range of recently launched tarmac rally tyres, he and Parry finished over a minute ahead of the competition after winning half of the 14 demanding special stages.
Recommencing the Formula One season following a short summer break, Pirelli will supply its P Zero White medium, Yellow soft, and Red supersoft compounds to teams at the Belgian grand prix. Held at Spa-Francorchamps on 25-28 August 2016, Pirelli calls the track “one of the most epic drivers’ circuits of them all,” comprising as it does the longest lap of the year at 7.004 kilometres, which places high energy loads through the tyres. Pirelli calls the challenge of Spa multi-faceted for the tyres with a changeable microclimate providing a constant additional parameter for the strategists to consider.
Giti Tire is currently partnering with performance car magazine Evo for a series of track days. The manufacturer states that this “provides an excellent platform” from which to promote its current flagship ultra-high performance product, the GT Radial SportActive. Five events are held at Bedford Autodrome every year. With three track days completed and two more in the diary, including the popular How Fast? on 22 October with F1-style qualifying timed laps and leaderboard, the partnership is revving up.
Every other year since 1960 has been a ‘Reifen’ year, but 2016 was different. This year’s show not only marked the final time the world’s largest tyre trade fair took place as an independent event, it was also the last Reifen show to be held before a new and major rival enters the picture.
Pirelli will supply its crews with the P Zero RK range of asphalt tyres, including the RK7B medium compound, as it seeks another strong showing at the Ulster Rally, the latest stage in the British Rally Championship. Pirelli locked out the podium places on the one previous all-Tarmac event this season – the Circuit of Ireland in April – and will be supplying a strong contingent of drivers on the 19-20 August event.
Although there are winners and losers in every comparative test, evo magazine’s latest evaluation of nine summer tyres didn’t include any truly poor performers. The test was set up to favour the strongest all-rounders, with the caveat that consumers should bear their own preferences in mind when shopping for tyres.
Both sales and operating profit were up year-on-year at Hankook Tire in the second quarter of 2016. The tyre maker comments that sales growth was driven by higher sales of UHP tyres in Europe and North America and higher original equipment sales outside of the company’s South Korean home market.
A new research facility for industrialising the cultivation and processing of rubber harvested from Russian dandelions will be set up in Germany as part of Continental’s plan to bring tyres containing this rubber to market under the ‘Taraxagum’ brand name. On 12 August, the company presented plans to establish such a facility in Anklam, near the Baltic Sea island of Usedom. Continental will operate the Taraxagum Lab Anklam in collaboration with the IME Fraunhofer Institute, Julius Kühn Institute, Quedlinburg, and plant breeding specialist firm Eskusa GmbH.
How do you reach the “most discerning” consumers within a market and become the “undisputed leader” in premium-tier products and services for this group? For Pirelli, the answer is to offer an entire “brand experience,” and the tyre maker is now putting this concept to the test in North America with the opening of its first P Zero World retail outlet.
Firestone’s smartphone tyre-pressure calculator app for farmers across Europe has been downloaded more than 43,000 times since its 2011 launch. The brand states that it expects this enthusiasm to grow even faster with the inclusion of pressure data for the new Firestone Maxi Traction 65 tyre, launched at Reifen 2016. The tyre brings longer tyre life and lower operating costs to the popular 65 series for medium-sized tractors.
The latest restaurants to be awarded new Michelin Stars will be revealed at a live event for the first time in Great Britain and Ireland. The October presentation will coincide with the publication of the Michelin Guide Great Britain and Ireland 2017 and it is expected to attract top chefs and key food industry figures
Online tyre retailer Delticom has profited from the same cold weather that held sales back earlier in the year, at least to an extent. Reporting on its financial performance in the second quarter of 2016, the company noted that low temperatures prompted European motorists to delay fitting summer tyres to their vehicles until after Easter, and while the delayed switch to summer tyres helped boost Q2 2016 sales by 22.0 per cent year-on-year to €169.3 million, the company suggests that dealers sold almost five per cent fewer replacement car tyres to consumers during the first half of the year. Sales for the first six months of 2016 were up 9.9 per cent to €275.1 million.
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