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Sumitomo Turkish JV to serve Europe, growing emerging markets

Sumitomo Rubber Industries has confirmed reports made by Japanese and Turkish media regarding a new joint venture company in Turkey. The Japanese firm says it will hold 80 per cent equity in a joint venture with Abdulkadir Özcan Otomotiv Lastik. An agreement was signed between the two companies on 21 September, and the yet to be named operation will be established next month. Sumitomo Rubber reports that the joint venture is being set up with initial capital of US$30 million and will involve a total investment of around $500 million. This sum will cover the cost of building a greenfield passenger car and light commercial vehicle tyre factory in Çankiri, Turkey.

21st September 2012/by Tyrepress Editors

Michelin updates 2015 guidance

Over the summer, Michelin reviewed its capital expenditure programme and 2015 financial outlook. The review followed on from the Group’s interim 2012 earnings performance, which Michelin describes as “robust” and says reflected its strategic vision, competitive strengths and management.

20th September 2012/by Tyrepress Editors

Hankook previews e-cube Max at IAA

A further development of Hankook’s e-cube range is currently on display at the IAA Commercial Vehicles show in Germany. The new tyres are promoted as e-cube Max products, and Hankook Tyre UK sales director Barrie Horrocks told Tyres & Accessories that the e-cube Max will eventually replace Hankook’s current e-cube line-up.

20th September 2012/by Tyrepress Editors

Dunlop partners with GreenGT

At the end of August Dunlop Motorsport announced it will develop tyres for the world's first hydrogen fuel cell racing car. GreenGT H2, as it is known, will compete in the 2013 Le Mans 24 Hours, and features electric powertrain technology. Dunlop will be working closely with the team, in its words, to drive tyre technology forward to provide the grip that will maximise the ‘future power’ of motorsport.

19th September 2012/by Tyrepress Editors

Six in a row for Pirelli in the Dow Jones Sustainability Index

Pirelli has been named world leader in the Autoparts and Tyres sector of the Dow Jones Sustainability World and Dow Jones Sustainability Europe indices for the sixth consecutive year, with a score of 86 points compared with a sector average score of 53.

18th September 2012/by Tyrepress Editors

Act(s) named Conti’s ‘sponsorship marketing agency of record’ in North America

US-based company Act(s) Marketing has been named the sponsorship marketing agency of record for Continental Tire in the US and Canada. In this capacity, Act(s) will serve as the official and exclusive agency representing Continental Tire in the ongoing activation of current sponsorship programmes along with exploration and evaluation of potential new partnerships throughout the region.

17th September 2012/by Tyrepress Editors

Groundbreaking for new Lanxess Nd-PBR plant

On 11 September, Lanxess broke ground on its new neodymium-based performance butadiene rubber (Nd-PBR) plant in Singapore. The facility is being built with an investment of around 200 million euros and is expected to start production in the first half of 2015. Planned annual capacity of 140,000 tonnes will serve the growing market for low rolling resistance tyres, particularly in Asia.

17th September 2012/by Tyrepress Editors

Sumitomo to build plant in Turkey

Japan’s Nikkei newspaper and various Turkish media sources report Sumitomo Rubber Industries intends to invest 40 billion yen (£315 million) in building a tyre factory in Çankiri, about 90 miles from Turkey’s capital Ankara. Construction on the plant is set to start next year and the first phase will be ready in 2014, with further work completed in 2015. Output from the plant will be sold in Europe and the Middle East. No information on planned production capacity has been given.

17th September 2012/by Tyrepress Editors

Pirelli confirms Carlisle investment for eco tyre development

Pirelli has chosen its Carlisle plant as the research and development centre for a new range of eco tyres. The manufacturer said the experience and expertise at Pirelli Carlisle, operational since the 1960s, was a key factor in its decision to stage the development of the next generation of high technology Pirelli green tyres there. The company was recently awarded £2 million from the UK’s Regional Growth Fund, and since being selected as the recipient of the award, Pirelli has announced a further £11.4m investment in the eco tyres project together with a further £9m in new process machinery for volume production. It is estimated that the total investment will create 37 new jobs. On a recent visit to Pirelli’s Carlisle facility, Tyres & Accessories reported the company’s “100 per cent premium” strategy for the site, while also pointing to the likelihood of subsequent private investment implied by the Regional Growth Fund award’s terms. Now Pirelli has confirmed the increased investment to focus on green tyres in Carlisle.

14th September 2012/by Tyrepress Editors

Kumho Aims to Become Top Rubber Supplier

Kumho Petrochemical chairman Park Chan-koo has plans for the company’s future as a top global chemical-making company, marking over 20 trillion won in annual revenue with 20 original high-quality products that are number one in their respective sector by 2020.

12th September 2012/by Tyrepress Editors

Sailun’s ‘growing’ truck range

Established in 2002 and with the backing of the highly-regarded Mesnac Company Limited, Sailun reports that it is gaining a “fast-growing reputation” for its radial truck tyre range. According to the company, its development has been fuelled by quality standards enhanced by the research, design and technical testing facilities occupied by over 300 technical Sailun engineers and staff in the National Economic and Technological Development Zone in Qingdao.

4th September 2012/by Tyrepress Editors

Trelleborg launches new harvester range, expands TM1000 line-up

The latest Trelleborg range for harvesting applications has been developed to improve productivity while respecting the environment, the Swedish tyre maker reported upon launching the all-new TM3000. The radial features the company’s BlueTire Technology, utilising the TM Blue concept – a combination of a more environmentally-friendly product and manufacturing process – introduced by Trelleborg early last year. The TM3000 will initially be available in size IF 800/70R32 CFO, and this will be followed up by three additional sizes during 2013; IF 800/70R38 CFO, IF 800/65R32 CFO and IF 1050/50R32 CFO.

4th September 2012/by Tyrepress Editors

Apollo’s Kalamassery plant damaged by fire

A fire broke out in the mixing department of Apollo Tyres’ Kalamassery on the evening of 2 September. According to a company statement, nobody was injured in the blaze. Fire crews battled the fire for several hours before gaining the upper hand, and machinery and rubber is said to have been destroyed. Apollo says the unit will be out of commission several days. In the meantime, alternative arrangements for supplying mixed compound have been made.

3rd September 2012/by Tyrepress Editors

Conti’s Koeller, Kerle become ‘citizens’ of Hefei

Say Ni Hao to two of Hefei’s newest ‘honourary citizens’. At a recent ceremony in the capital of China’s Anhui Province, Mr. Burkhardt Koeller, Continental Tire division’s executive vice-president Finance and Controlling, and Dr. Tobias Kerle, general manager of the company’s Hefei tyre plant, were awarded Hefei City ‘honourary citizenship.’ This distinction, says Continental, is an official award acknowledging the Continental Tire division’s contribution and long-term commitment to Hefei city’s economic development. Mr. Wu Cunrong, secretary of the Hefei Municipal Party Committee, presented the award to Koeller and Kerle.

3rd September 2012/by Tyrepress Editors

Michelin reaches 30 million mark at Ballymena

Production at Michelin’s Ballymena plant has passed the 30 million mark; management and staff at the factory marked this milestone on 30 August. The milestone also coincided with the start of production of a new size in the X MultiWay 3D range.

31st August 2012/by Tyrepress Editors