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Apollo’s Kanwar to give report at BRICS summit

During the BRICS summit taking place in Brazil today and tomorrow, Apollo Tyres’ chairman Onkar Kanwar will lead a five-member business delegation and present a report from the BRICS business council to the Brazilian, Russian, Indian, Chinese and South African heads of state. The council has identified five areas where the BRICS countries can explore business opportunities – infrastructure, manufacturing, financial services, energy and green economy and skills development. “Each country can support the other and take part in each other’s respective growth and development programmes,” Kanwar, who is chairman of the BRICS Business Council (India), told Indian news daily the Hindustan Times.

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TPMS trends in emerging markets

The US mandated TPMS installation in new cars some time ago and we and we all know that the same will happen in Europe in November this year, but what about the emerging markets? Ask any market analyst and you will learn that China in particular is set to overtake the US and become the world’s largest economy in the next few years. Many sources suggest the People’s Republic is already there in terms of car production and – as a consequence – tyre manufacturing. So what about TPMS take-up and manufacturing infrastructure in this market in particular?

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New Lanxess plant to service swelling Russian tyre market

Russia is currently a growth market for specialty chemicals group Lanxess. In the first nine months of 2011 the company enjoyed sales of close to 50 million euros there, more than twice what it earned in the whole of 2009. To capitalise on the expanding Russian automotive and tyre industries, Lanxess has now decided to invest in a new facility in Lipetsk, some 300 miles southeast of Moscow. Construction of the plant, which will be operated by Lanxess’ Rhein Chemie subsidiary, is set to start early this year and production is scheduled to commence during the first half of 2013. The site will be built at a cost of five million euros and will employ around 40 people in the medium term.

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  1. Work Starts on Lanxess’ Russia Rubber Facility
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