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Autopromotec 2011 Organisers: ‘Excellent Attendance by Foreign Exhibitors and Buyers’

With only six months to go before the 24th Autopromotec, the specialised international exhibition of automotive equipment and aftermarket products (Bologna Exhibition Centre, 25 – 29 May 2011), the organisers have announced strong numbers of foreign exhibitors as well as buyer and dealer delegations for 2011. As a result the next Autopromotec will reportedly have three halls of exhibits from the tyre and ancillary industries.

15th December 2010/by Tyrepress Editors

One Year On – Effiplus Introduction Fairing Well

One year after Techking’s Effiplus passenger car radial was launched in at Reifen China 2009 in Shanghai, the company known for its OTR and latterly its truck tyres has news of further expansions in the range. While the Effiplus line up consisted of just 20 specification 12 months ago, today there are over 100, with a number of sub-specifications. Speaking in an interview at the end of 2010, Techking marketing and sales director James Wang brought us up to speed on the latest product developments – including the new second life truck tyre warranty – the company has to offer.

15th December 2010/by Tyrepress Editors

Belshina Plant Upgrades to Boost Production

Belarusian tyre maker Belshina is currently redeveloping its on and off-road businesses. A 32.6 million euro upgrade of passenger car tyre production facilities is close to completion, the company reports. The project will be funded in part by loans, with the remainder coming from Belshina and parent company Belneftekhim. Equipment for the upgrade has been supplied by Dutch firm VMI. The upgraded plant will enter operation at the end of 2011 and will reach its planned capacity in 2013. Belshina anticipates the replacement of obsolete equipment and the upgrading of other units will not only increase output volume and enable a larger assortment of products to be manufactured; the tyre maker says production quality and labour conditions will also improve.

15th December 2010/by Tyrepress Editors

Titan Takes Over Goodyear’s Europe, Latin America Agri Businesses

The European and Latin American agricultural tyre businesses run by Goodyear Tire & Rubber have a new owner following their sale to Titan Tire Corporation. On December 13 the Titan International subsidiary announced its acquisition of the businesses, including a licensing agreement permitting Titan to manufacture and sell Goodyear-brand farm tyres in Europe, Africa, Eastern Europe, Russia, Latin America and North America. The deal is valued at approximately US$130 million, subject to post-closing adjustments.

14th December 2010/by Tyrepress Editors

Treadsetters Finalists in HSBC Business Thinking Competition

Telford-based tyre wholesale operation Treadsetters has beaten over 1600 other business to the finals of HSBC’s business thinking awards. The company, which earlier saw off strong competition to win its regional heat is now in line to win up to £5 million in lending and a financial reward of up to £100,000. Now, Treadsetters and just 17 other companies are vying for the title of overall winner of Business Thinking 2010 at the prestigious “International Insights” event in Hong Kong, which managing director Tim Davies is attending on 5 December.

16th November 2010/by Tyrepress Editors

Pirelli's Mexican Plant to Have 5 million UHP/HP Capacity by 2015

Pirelli's new manufacturing facility, which the tyre-maker announced last week, will be located in Silao, Mexico, about 400 kilometers from Mexico City, reports Tire Review. The $210 million plant, which will produce high-performance and ultra high-performance tyres for cars and light trucks, will generate 700 direct and 300 indirect jobs in the local Silao area. The facility will cover an area of 120,000 square meters and will be operational in 2012. Targeted daily production capacity is 10,500 tyres with an annual capacity of 3.5 million units in 2014 increasing to approximately 5 million units by 2015.

12th November 2010/by Tyrepress Editors

Apollo Makes OE Breakthrough as Manufacturer Aims for Top 10

Apollo Tyres has demonstrated it is moving towards its goal of becoming a global player and entering the top 10 within the next five years with the news that it has joined the list of globally approved suppliers to German car marque Volkswagen. However the prestige associated with VW's global OE approval of Apollo's tyres is multiplied by the fact that the company has been selected to supply the replacement to VW's compact Fox model, known as the “Up”, which can be described as a European OE contract. This mini model is expected to be produced at the German carmaker's Brazil plant, where the Fox was previously constructed.

11th November 2010/by Tyrepress Editors

Bridgestone Opens Thai Retread Materials Plant

Bridgestone Corporation's subsidiary Bridgestone Bandag Manufacturing (Thailand) Co Ltd has held its opening ceremony, marking the completion of Bridgestone's newest manufacturing plant located in the Chonburi Province of Thailand. The plant will produce precure tread, which will be supplied to the growing retread markets in Japan, Asia and China. The new facility is expected to have a production capacity of 30 tons per day by the end of 2013. It is the first precure tread facility the Bridgestone Group has built since acquiring the US-based retread operating company, Bandag Inc, in 2007.

9th November 2010/by Tyrepress Editors

Vettel, Webber, Alonso Podium in Brazil Sets Up Epic Abu Dhabi Finale

Bridgestone’s penultimate Formula 1 race saw the three major contenders for the Formula One Drivers Championship take the podium places. Red Bull’s Sebastian Vettel and Mark Webber both closed the gap on Fernando Alonso’s Ferrari with a one-two that helped the team seal the Constructors’ Championship. All three drivers used the same super soft – medium Bridgestone Potenza tyre strategy. In contrast to the damp qualifying session, the race saw hot and dry weather conditions.

8th November 2010/by Tyrepress Editors

Bridgestone Heads to “Important Market” for Penultimate F1 Meeting

Bridgestone heads to Sao Paulo with its medium and super soft compound Potenza tyres for the penultimate round of the Formula One season on 5-7 November. “Brazil is a fantastic country and the South Americas are very important markets with good growth so it is natural for Bridgestone to appreciate the strong presence here provided by the Brazilian Grand Prix,” said Hiroshi Yasukawa, director of Bridgestone Motorsport.

1st November 2010/by Tyrepress Editors

Belshina to Open Brazil Trading House

Belshina has announced that plans are afoot to open a trading house in the Brazilian city of Vitoria to “develop the company’s goods distribution network” in one of the world’s fastest growing economies and across South America. The Belarusian company has exported agricultural, truck and bus tyres to the country for the last eight years.

1st November 2010/by Tyrepress Editors

Goodyear EMEA Sales Remain High, Q3 Operating Income Down on 2009

Goodyear’s Europe, Middle East and Africa third quarter sales increased 7 per cent from last year on top of a “strong price/mix performance” to $1.7 billion despite being hit by $0.1 billion in unfavourable forex translation, making them the highest since the third quarter of 2008. The company continues to post improved figures for the year to date, with sales up to $4.68 billion in the first nine months (from $4.24 billion in 2009), yielding an operating income of $259 million – way up on last year’s $41 million.

29th October 2010/by Tyrepress Editors

Conti to Pump 500 million euros into Emerging Market Tyre Production

Continental AG chief executive Elmar Degenhart has shared details of how the automotive supplier is planning to invest 500 million euros into its tyre business in an interview Germany's Frankfurter Allgemeine Sonntagszeitung newspaper. According to the report, Degenhart admitted that Continental should have invested more in its tyre division during the past five years.

25th October 2010/by Tyrepress Editors

Bridgestone to Expand OTR, Steel Cord Output with £188 milion Investment

Bridgestone Corporation has announced plans to invest 24 billion yen (£188 million; 211.7 million euros, US$296 million) in expanding production capacity of its Kitakyushu Plant. According to the company, Bridgestone is making the move to address “the continuing increases in global demand for large and ultra-large off-the-road radial tyres used on construction and mining vehicles.” Bridgestone will also expand production of the steel cord used in large and ultra-large OTR tyres manufactured at its Saga Plant. Post expansion production is scheduled to begin from January 2013. Production capacity at the Kitakyushu Plant is scheduled to increase to 130 tons per day when the expansion is completed in the second half of 2013.

22nd October 2010/by Tyrepress Editors

Pirelli to Invest US$100 million in Argentina Plant

International News

Pirelli has announced plans to consolidate its already strong position in South America by expanding production at its Merlo, Buenos Aires, Argentina factory to 6 million units a year by 2013 with investment of US$100 million. The announcement prompted news agency Reuters to add Pirelli to its list of Italian “stocks to watch” on 21 October, owing to the fact that Argentina is “South America's number two economy.” By the end of 2010, Pirelli’s Argentinean sales are expected to grow by 55 per cent to $365 million and the target for 2013 is $500 million. This compares with 235 million dollars in 2009. Some news reports suggested the move means the firm "will move part of its production to Argentina, from Brazil and Europe." Company representatives did not comment on what, if any, affect the expansion plans would have on its existing European production capacity.

21st October 2010/by Tyrepress Editors