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Emerging market interest in value-generating products key to expansion – Trelleborg

Emerging markets such as the BRIC countries are expected to drive growth for Trelleborg Wheel Systems over the next few years. In the Trelleborg Group’s 2010 annual report, Maurizio Vischi, president of the business area responsible for producing industrial and agricultural tyres, said “emerging markets as Brazil, China and Russia have begun to show more interest in high-tech products and products that generate value. This provides significant expansion potential through greater presence in these markets.” Vischi admitted that that Trelleborg expects only “restricted” growth in Western Europe and North America, where the business area already counts as “one of the principal players.”

21st March 2011/by Tyrepress Editors

Global investments set to boost Cabot carbon black capacity 15%

The recently announced joint venture between Cabot Corp. and China’s Risun Chemicals forms just one part of the American company’s plans to expand its global carbon black manufacturing capacity. On March 16 Cabot shared that it will invest more than US$180 million to this end between now and 2013. In addition to its as yet unnamed Chinese joint venture operation the company intends to expand capacity in Indonesia, Brazil and Argentina plus at three European facilities. In total these projects will increase Cabot's annual global carbon black output by about 15 per cent, or more than 300,000 tonnes.

18th March 2011/by Tyrepress Editors

Conti announces capacity-doubling Brazil investment

A US$210 million investment in Continental’s Camaçari, Brazil plant is expected to boost capacity to around nine million passenger car tyres and almost a million truck tyres per annum within the next five years. Announcing the growth plans, Continental Tire the Americas CEO Matthias Schönberg stated “this investment is part of Continental’s strategy to grow our tyre operations worldwide significantly, especially in the BRIC countries. It will allow us to almost double the production capacity of the Camaçari plant by the end of 2015.” The first signs of capacity growth will be witnessed this year as plant capacity is expected to creep up from its current approximate level of 4.5 million passenger tyres and 350,000 truck tyres to 5 million passenger tyres and 450,000 truck tyres.

17th March 2011/by Tyrepress Editors

Lanxess net income up tenfold in 2010

Demand for synthetic rubbers from tyre industry customers proved a strong driver of growth for Lanxess last year. The German specialty chemicals company describes its 2010 results as “outstanding” and believes its performance was aided by the company’s strategic set-up and a general business recovery. Announcing the firm’s annual results at its annual press conference on March 17, Lanxess chief executive officer Axel C. Heitmann said the company’s “growth story is set to continue” following last year and an “excellent” start to 2011.

17th March 2011/by Tyrepress Editors

Pirelli admitted into John Deere Hall of Fame

The ‘hall of fame’ is a uniquely American way of showing esteem to a person or company; typically, only those who display exceptional skill or merit in their specialty area are admitted. It is thus with pride that Pirelli has announced its Agro business unit has been admitted into the John Deere Hall of Fame.

15th March 2011/by Tyrepress Editors

Dunlop renews motocross title assault with factory teams

Dunlop has announced that its Geomax tyre is the choice of factory-backed teams from Honda, Yamaha and KTM in both MX1 and MX2 classes of the 2011 Motocross World Championships. Dunlop’s links with Motocross go back to the beginnings of the sport. The brand has a “race-to-road” (or in this case “off-road”) policy with motorsport, and using it as a “high-pressure development laboratory teaches the designers important lessons,” which can be passed on to customers, incorporated directly into the production tyre range.

2nd March 2011/by Tyrepress Editors

MIRA to invest £300 million in becoming ‘Europe’s most advanced independent testing facility’

MIRA has announced its intention to become a £100million business within the next 10 years. The well-known independent test centre, which is home to test garages belonging to Dunlop, Continental, Giti and Kumho to name but a few, says the business’ growth will see MIRA become the most advanced independent transport technology facility in Europe. And the operation reports that it is willing to commit £300 million to investment in new infrastructure at its Midlands base.

2nd March 2011/by Tyrepress Editors

Conti reports global growth in winter, OEM sectors

On March 3 Continental AG will hold its annual press conference, at which it will provide detailed information on its performance in 2010, a year in which the automotive supplier says it emerged from the crisis “in impressively good shape.” The company has already reported an increase in annual sales from 20 billion euros in 2009 to “at least” 25.5 billion euros last year, a figure helped by the “positive performance” of the company’s car tyre division.

2nd March 2011/by Tyrepress Editors

Recyclatech signs first franchise deal for bacteria devulcanisation process

Various news sources have reported the February 15 signing of a franchise deal between Scotland’s Recyclatech Group and Spanish firm Biotyre. According to The Scotsman newspaper, Biotyre will build a pilot tyre recycling plant in Spain utilising Recyclatech’s bacteria driven devulcanisation technology, and in return from licence fees and royalty sales the Scottish firm will provide Biotyre with technical and scientific support, plus the bacteria used in the process. The half million pound pilot plant is being set up with a view to Biotyre establishing a full-scale commercial operation. Recyclatech itself intends to establish a facility of its own in Scotland, and The Scotsman reports company chairman John Pool as saying the company is “close” to raising the £1 million it needs for this. The Recyclatech plant will have the capacity to produce around 1,000 tonnes of recycled rubber per annum and it will be used to supply samples to companies interested in using the technology.

18th February 2011/by Tyrepress Editors

TGI Opens New Logistics Base in China

Tire Group International (TGI) has opened a new logistics office in Xiamen, China. The location will be overseen by Emma Luo, who comes to TGI with experience in international freight forwarding and logistics operations, having spent 7 years with Schenker & Bax Global logistics, the company said.

16th February 2011/by Tyrepress Editors

TGI continues expanding its global presence

The maxim “location, location, location” is often quoted in relation to real estate, however it can equally apply to the success of a business. One company aware of this is Tire Group International, Inc. The Miami, Florida based wholesaler is active throughout the world, yet its location gives it particular strength in the Latin America and Caribbean regions. In recent times TGI has increased its focus on developing this geographic advantage to its full potential.

14th February 2011/by Tyrepress Editors

Yokohama adds three series to 2011 UK motorsport agenda

Yokohama HPT has confirmed that it will continue to work in partnership with one-make race series in the UK in 2011 and add a further three series to its portfolio of championships choosing Yokohama as control tyre. The company will supply control tyres to almost 30 race series. Commenting, head of Motorsport at YHPT Mark Evans said; “It looks as if 2011 will be an even busier season for Yokohama than last year and I am delighted that our involvement in motorsport is growing, both on a global and a domestic level. I am very pleased that we are continuing our relationships with some of the UK’s premier series, on the racetrack, rallycross circuits and oval tracks. I’m also excited by the prospect of supporting several new series, such as the VTEC Challenge and the new rallycross categories.”

28th January 2011/by Tyrepress Editors

Focus on Selected Segments Continues with Further Trelleborg Divestment

The divestment programme underway at Trelleborg as part of the company’s strategy to focus on selected segments has taken a further step with the signing of an agreement to divest its brake hoses for light vehicles operation, which is located in Brazil and is part of the Trelleborg Automotive business area. The buyer is the French company Flexitech.

13th January 2011/by Tyrepress Editors

Latest Rhein Chemie Acquisition a ‘Springboard’ for Further Investments

In the coming years, Lanxess subsidiary Rhein Chemie plans to expand its production of curing bladders for the tyre industry. These plans have been given a boost by its acquisition of Argentina based curing bladder and release agent manufacturer Darmex S.A. for an undisclosed sum. As a result of the acquisition, Lanxess reports that Rhein Chemie will become one of the “world’s leading providers of release agents for rubber products in a highly fragmented market.” Rhein Chemie will also acquire Darmex’s bladder technology in Latin America, a key production hub for leading tyre manufacturers. The release agents and bladders belonging to Darmex will be branded under Rhein Chemie brand name.

12th January 2011/by Tyrepress Editors

Report Points to “Remarkable Growth in Tyre Markets”

In an analysts report published at the end of last year (17 December) financial analysts surveying the market on behalf of Morgan Stanley found that replacement light vehicle tyre markets were very strong in Europe and North America and grew by 15 per cent and 6 per cent respectively in November last year. The figures were based on research conducted by Michelin, which was published the same day.

7th January 2011/by Tyrepress Editors