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Lanxess investing in French tyre rubber facility

Around 30 million euros have been earmarked for productivity and energy efficiency upgrades at the Lanxess high performance rubber facility in Port Jérôme, France, the company announced on 30 May. This investment will be made by 2015, and will support Lanxess’ aim of increasing capacity for rubber grades used in low rolling resistance tyres. The plant, established by Firestone in 1962 by and purchased by Lanxess in 2004, currently produces 140,000 tonnes of neodymium-polybutadiene (Nd-PBR) and solution styrene-butadiene (SSBR) per annum.

31st May 2012/by Tyrepress Editors

Schaeffler: A good start to 2012, despite lower profits

Major Continental shareholder Schaeffler AG has reported a “good start” to 2012. On announcing the company’s January to March results on 29 May, CEO Dr. Juergen M. Geissinger said “we have successfully continued our growth strategy during the first quarter of 2012 despite an increasingly challenging environment. With sales increasing by six per cent, our growth has again outpaced the market. We have managed to stabilise our profitability at a high level.”

30th May 2012/by Tyrepress Editors

Yokohama tyre supplier for GT Asia

At the opening round of the GT Asia championship, held in Malaysia on 25 May, Yokohama Rubber began in its new role as control tyre supplier. The Japanese tyre maker supplied its Advan A005 for dry conditions and the Advan A006 for the wet.

29th May 2012/by Tyrepress Editors

Bridgestone cautious about profit growth due to Europe crisis

Bridgestone executives have aired a degree of caution relating to the tyre major’s earnings outlook for this year. According to various news sources Bridgestone Corp.'s chief financial officer on suggested the impact of the euro-zone debt crisis is affecting demand, which in turn is weighing on its business.

28th May 2012/by Tyrepress Editors

KRT Commercial Tyre Guide first to compile full range

Kings Road Tyres claims to have the largest and most comprehensive range of tyres for commercial applications in the UK, and now the wholesaler is making information on all of its commercial products available in a single brochure, with the publication of Kings Road Tyres’ Commercial Range Guide 2012. The new Guide is the first time KRT has combined its truck and bus, agricultural, industrial and construction, otr and high speed crane, pneumatic industrial and tubes and flaps ranges in a single publication. Also for the first time, the brochure is available in an easy-to-use electronic format by clicking the link to KRT Commercial Range Guide 2012.

23rd May 2012/by Tyrepress Editors

Hangzhou Zhongce managers tour Europe, finishing at the CV Show

Among Westlake’s personnel in attendance at the CV Show was Johnson Su from the Hangzhou Zhongce Rubber Co. (ZC Rubber), manufacturer of Westlake tyres. Su, manager, import & export at ZC Rubber with a 30 year history at the manufacturer, is responsible for importing all raw tyre production materials in addition to export sales of the finished product.

23rd May 2012/by Tyrepress Editors

Malaysian operation now a full Conti subsidiary

Since 2003, Continental has held an increasing share in the Malaysian tyre business it ran together with Sime Darby Allied Products Berhad. Now the German company has acquired the outstanding 30 per cent share in Continental Sime Tyre Sdn. Bhd still owned by its joint venture partner, and the operation has become a fully-owned subsidiary of Continental Corporation. To mark the business’s 100 per cent Conti-owned status, it has been renamed Continental Tyre Malaysia Sdn. Bhd. Upon reporting the transaction, Conti comments that the share acquisition underlines the “long term interest and the commitment of Continental to Asean and to the Asia Pacific Region.”

14th May 2012/by Tyrepress Editors

Bridgestone net income up 35% in Q1

For the first quarter of 2012, Bridgestone has reported net sales of ¥726.2 billion (£5.6 billion), a three per cent increase over the first quarter of fiscal 2011. The company’s operating income amounted to ¥63.0 billon (£490.0 million), an increase of 13 per cent, ordinary income was ¥61.7 billion (£479.9 million), an increase of ten per cent, and net income was ¥42.2 billion (£328.2 million), a year-on-year increase of 35 per cent.

14th May 2012/by Tyrepress Editors

Apollo to ‘feed’ Asian market in preparation for new plant

In addition to soon to be announced plans for a new factory in Central/Eastern Europe, Apollo Tyres has voiced interest in establishing a plant somewhere in Asia. On 11 May, the Hindu Business Line quoted Apollo vice-chairman and managing director Neeraj Kanwar as saying “we would like to set up a production base in Asean.”

14th May 2012/by Tyrepress Editors

Latin American & Caribbean Tire Expo increases space by 60%

The Latin American & Caribbean Tyre Expo 2012 has reported an increase in its exhibitor list by 60 per cent, with the addition of two new halls to the existing space at the Atlapa Convention Center in Panama. The four-day show and conference will celebrate its third anniversary when it opens on July 25, 2012, with over 160 exhibitors signed up thus far, including Bridgestone, Triangle, Double Coin, JK Tornel, Titan International, CEAT, and “platinum sponsor”, Sailun Tire. “Our vision is to bring global manufacturers and suppliers directly to the Latin markets and to get the Latin dealers to those manufacturers in a familiar venue,” said show director, Linda Bassitt.

10th May 2012/by Tyrepress Editors

Apollo’s 2011 sales topped US$ 2.5 billion

Apollo Tyres Ltd has released fourth quarter and full-year 2011 results that show revenues across operations in Asia, Africa and Europe, grew 37 per cent to 121.5 billion rupees (£1.409 billion; 1.81 billion euros; US$2.5 billion). According to the company, Indian operations grew fastest (up 49 per cent) while the firm’s Europe business saw a growth of 27 per cent. Apollo’s African operations witnessed 10 per cent growth.

10th May 2012/by Tyrepress Editors

Hankook records double-digit global growth in Q1

Hankook Tire has reported continued sales growth during the first quarter of 2012. Growth was experienced in North American and European markets, and the company said demand for its ultra high performance tyres had rapidly increased during the first three months of the year. Seung-Hwa Suh, vice chairman & global CEO of Hankook Tire said: “Despite continued global economic downturn, we have been able to set global sales growth and operating profit based on consistent tyre quality improvement as well as brand equity enhancement.

1st May 2012/by Tyrepress Editors

McNally to head Cooper Tire European Technical Centre

Cooper Tire & Rubber Company Europe Ltd has appointed Peter McNally as general manager of its European Technical Centre at the company’s European headquarters in Melksham, UK. The appointment follows the move of former ETC head Gavin Edwards to Cooper’s Asia Technical Center. McNally takes up his new role with immediate effect.

30th April 2012/by Tyrepress Editors

Gajah Tunggal releases latest sales, performance figures

Despite higher sales, PT Gajah Tunggal Tbk reports its net profit for the first quarter of 2012 was down 23.5 per cent year-on-year. During the three months to 31 March 2012 the Indonesian tyre maker made sales of Rp 3,146 billion (£210.0 million), up 8.63 per cent on a year earlier. Gross profit amounted to Rp 558 billion (£37.2 million), while net profit came to Rp 254 billion (£17.0 million), down from Rp 332 billion a year earlier. EBITDA increased from Rp 380 billion to 497 billion (£33.2 million).

30th April 2012/by Tyrepress Editors

Despite record sales, Goodyear posts a Q1 loss

Sales at Goodyear Tire & Rubber Company during first quarter of 2012 were a record for the period, the US tyre maker claims. Announcing the company’s results for the opening three months of the year, Goodyear chairman and CEO Richard J. Kramer commented “I'm pleased with our results as our businesses posted solid operating income.”Our teams delivered these results in the face of a difficult volume environment and high raw material costs, with a strong focus on price/mix.

27th April 2012/by Tyrepress Editors