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Tyre customers to benefit from added SSBR capacity, says Styron

Rubber and plastics manufacturer Styron announced today that Solution Styrene Butadiene Rubber (SSBR) capacity at one of its production lines will double after the company reached an agreement with material supplier JSR to acquire its current production capacity rights. JSR currently holds capacity rights to 50 per cent of one production line at Styron’s facility in Schkopau, Germany, however under the agreement Styron will regain full capacity rights as of 1 April 2014.

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  1. Phoenix Yule to Expand Capacity by 60 per cent
  2. South China Tyre and Rubber Company to Display Wanli and Sunny Brands
  3. Belshina upgrading giant tyre factory
  4. Styron adds SSBR production line in Germany
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Bosch opens Chinese ‘Turbo Systems’ joint venture

The new Bosch Mahle turbo charger factory in China

Bosch Mahle Turbo Systems (BMTS) has founded a wholly owned subsidiary in the People’s Republic of China. The company will be called Bosch Mahle Turbo Systems (Shanghai) Co. Ltd. and the HQ is currently being built on the Mahle premises at the Shanghai location. In a first stage it will mainly produce turbochargers for petrol engines destined for the Chinese market in a new building covering 5,000 square metres.

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  1. Datamonitor: UK Car Consumables and Accessories Sales Flat
  2. Klarius Opens New Warehouse and Logistics Facility in Germany
  3. Continental/Motorola Deal Gets EU Go-ahead
  4. Belshina upgrading giant tyre factory
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Report: Carbon black manufacturing is moving to China and India

Most carbon black manufacturing units in the western world, especially in North America and Europe, are being forced to shut down their operations because of the heavy competition they are facing from low cost Asian manufacturers. That’s the view of Tech Archival analysts, who said as much in a report entitled “China Carbon Black: Assessment, Opportunities & Forecast Up-to 2018”, which was published 24 January.

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  1. Global Carbon Black Demand to Rise 4.3% a Year till 2013
  2. Cabot Closes West Virginia Carbon Black Facility
  3. Lanxess Brings Forward Singapore Butyl Rubber Project
  4. ‘Most modern’ butyl rubber plant opens
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Bridgestone launches longevity-focused Ecopia steer truck tyre

Bridgestone R249II EVO Ecopia

Bridgestone has launched a new steer position tyre to its commercial vehicle range, tuned to improve tyre life and increase load capacity. Bridgestone also said the new tyre would offer greater savings on fuel, with significant reductions in rolling resistance and irregular wear among the benefits it says the new tyre provides. Bridgestone makes its claims for the tyre based on internal calculations and field test performance in Spain, France and The Netherlands in 2012.

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  1. Kurt Danielson appointed to lead Bridgestone’s US & Canada commercial tyre operations
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  4. IAA world premiere for Goodyear coach tyres
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Smithers names new senior managers

The Smithers Group has announced organisational changes within the Smithers Rapra/Smithers Pira operations in Europe and North America. The company has named a new vice-president and general manager for both regions, as well as a new managing director of global information business.

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  1. Kumho Close to US Tyre Plant Decision
  2. Bekaert Sales Top 4 billion Euros in 2008
  3. Trelleborg Releases New TM900 High Power XL Size
  4. Flexibility necessary for European brake market players
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Marangoni appoints PwC to sell its Anagni car tyre plant

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Marangoni Group has appointed PricewaterhouseCoopers Corporate Finance (PwC) as its financial advisor to assist with the company’s sales of its car and light truck tyres plant in Anagni near Rome.

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Hankook investing to expand Indonesia plant

On 17 January, the board of Hankook Tire resolved to invest KRW 380.2 billion (£215.7) in the second stage expansion of the company’s factory in Indonesia. In a statement filed with the Korea Exchange (KRX), the tyre maker said the period of investment would extend until the end of 2015 and involve an 11.8 per cent ratio to equity capital.

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  1. Hankook opens Indonesia plant
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Petlas aiming to be a top 50 exporter in Turkey

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Tyre manufacturer Petlas Tire Corporation has been listed amongst the top 100 export businesses in the growing Turkish economy. According to the company, Petlas has been exporting to more than 110 countries from all over the world and thereby increasing its market share. The goal is now to be in the top 50.

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Report: Automotive growth pumping up tyre market

The apparent UK tyre market is estimated to have grown by 3 per cent in 2013 at the behest of growing automotive market, according to Tyre Industry, a new market Report from market intelligence provider Key Note. Read a little further and there are suggestions that the 2014 – 2018 period could be some of the UK tyre market’s best years yet.

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  1. Superior Industries’ Wheel Production To Rise By 30 Per Cent, Say Analysts
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Detroit show launch for Michelin tyre that grips as it wears

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The latest Michelin tyre for the North American market has been designed to maintain high traction over its entire working life, a level of performance it achieves through choice of compound, groove geometry and the inclusion of added grooves that appear when a certain level of wear is reached. This whole-life gripper, the all-season Michelin Premier A/S, debuted at the North American International Auto Show on 14 January ahead of its April 2014 market launch.

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  4. Pirelli to review European supply/demand imbalance
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Pirelli highlights OE business, market-specific products at NAIAS 2014

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At this year’s North American International Motor Show, held in Detroit, Pirelli is showing off its latest products developed for the North American market. Meanwhile, some of the most desirable cars on show are wearing the Italian manufacturer’s P Zero tyres.

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  1. Audi A7 fitting Pirelli Cinturato P7 All Season as OE in US
  2. Detroit show launch for Michelin tyre that grips as it wears
  3. Pirelli Teams Up With Maserati In US Race Series
  4. MIRS Upgrade to Expand Pirelli NA Capacity by 20%
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Kumho Tire tipped to exit workout programme this year

Korea Investment & Securities anticipates that a continually improving financial position at Kumho Tire makes the company good value for investors. In comments published by English-language Korean ICT publication IT Times, analyst Kim Jin-woo said the tyre maker’s debt burden is falling rapidly, and he opines that this financial turnaround isn’t yet reflected in the current Kumho Tire share price. Kumho Tire thus has been given a “buy” recommendation by Korea Investment & Securities and the target share price has been set at KRW 16,000.

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  1. Kumho Petrochemical to sell its share in Kumho Tires
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Euro Car Parts opens third national distribution centre

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Euro Car Parts has opened a new 258,000 square foot warehouse facility on Bonehill Road in Tamworth, Staffordshire. Located close to the 600,000 square foot National Distribution Centre (NDC), which opened in 2010, and 15 miles from the collision repair parts facility at Swadlincote, which opened in 2012, ‘Bonehill’ is designed to “future-proof” the business as it drives towards its 165 plus UK branch target by end 2014.

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  4. Euro Car Parts adds more Peugeot vans to its nationwide delivery fleet
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Chinese TPMS market worth 1.5 billion yuan in 2013

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The TPMS market was worth 1.4 billion yuan in 2012, according to research published in 2013. According to Huidian Research, this number is expected to exceed 1.5 billion yuan in 2013. Although China’s TPMS market has maintained rapid growth in recent years in parallel with a booming automotive and following tyre sector, the market scale is still relatively small compared with other automotive electronics products (such as EMS, ABS, automotive audio, airbags and auto instruments) and this industry is still described as being “in the initial stage of development”.

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  3. OE deals driving strong Nexen growth in China
  4. Li-ion research paves way for longer lasting EV batteries
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Half-century milestone for Lanxess’ Zwijndrecht plant

Lanxess has celebrated 50 years of butyl rubber production at its Zwijndrecht plant in Belgium. Festivities surrounding the milestone were rounded off by a plant visit from board member Rainer van Roessel on 17 December.

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  4. Groundbreaking held for Sumitomo S-SBR plant
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