capacity Archives - Page 43 of 147

Nokian to build second plant in Russia

At the company’s Annual General Meeting on April 7, Nokian Tyres president and CEO will share plans about the construction of a second factory in Russia. This new plant will be erected alongside Nokian’s existing plant in Vsevolozhsk. “Market outlook has strengthened clearly and we need more production capacity,” reported Gran in a statement prior to the AGM. “We, together with the local authorities, are preparing a new plant next to the current one, which will increase our annual car tyre capacity by five to six million tyres. Negotiations about tax relieves and infrastructure investments are in their final stage.” Gran added that the factory will enter production in 2012 and capacity increases will be made in the two years to 2014.

7th April 2011/by Tyrepress Editors

Michelin rubber chosen for China’s first airliner

News

Michelin has been selected to develop and supply tyres for the first commercial airliner to be designed in China, the Comac C919. The tyre maker reports the contract with the Commercial Aircraft Corporation of China grew out of an alliance created in November 2009. Comac intends to have the first prototype C919 in the air by 2014 and Michelin will supply its Air X radial to the 150 to 200 seat single-aisle segment airliner. The C919 is expected to enter commercial service in 2016, with sales of the airliner initially targeted at China’s domestic market.

7th April 2011/by Tyrepress Editors

Despite declining profitability, Indian tyre makers capitalising on CV radialisation

News

India based investment information and credit rating agency ICRA Limited has issued a report warning that the profitability of tyre makers there will decline over the coming 12 to 15 months despite a “robust” demand for tyres. The agency notes the Indian tyre industry staged a strong recovery in the 2009-10 financial year with a turnover of around Rs 250,000 million (£3.4 billion); this performance was supported by a sharp upturn in demand and relatively stable rubber prices. “However, benefits accruing from a low-cost structure were short-lived, as natural rubber prices surged since December 2009, thereby making a severe impact on margins, despite industry-wide price revisions by tyre manufacturers.”

6th April 2011/by Tyrepress Editors

TyreSafe updates caravan axle load and tyre inflation info

News

The caravanning season is almost upon us and TyreSafe has updated its caravan tyre safety leaflet, revising the axle load and tyre inflation pressure tables. This update has been issued following technical discussions between the tyre industry and caravan manufacturers relating to the industry’s ongoing recommendation that the maximum vehicle load should not exceed 90 per cent of the combined tyre load capacity, as indicated by load index.

6th April 2011/by Tyrepress Editors

Trelleborg and Same Deutz-Fahr partner for Agrotron TTV launch

News

Trelleborg tyres is exclusively equipping all the tractors and combines present at the European launch of the new Deutz-Fahr Agrotron TTV 410/420/430 between 4 and 8 April. Same Deutz-Fahr reportedly picked Trelleborg as its partner in the launch because of its specialist knowledge of the agricultural sector, its capacity to ensure highly professional technical assistance in the field, and for the premium quality and performance of its product and solutions.

5th April 2011/by Tyrepress Editors

Nokian experiencing increased demand, especially in Russia

News

Following the company’s recent pre-announcement of fiscal results, financial analysts have characterised them as proving “demand has continued to grow in all Nokian's key markets. According to an investor’s note published by Deutsche Bank, this is said to be especially in Russia, where foreign car sales are expected to grow by about a third in 2011 – 2012. Nokian said its sales will reach 278 million euros, with pre-tax profits (EBIT) of some 65 – 70 million euros in the first quarter of 2011. According to Deutsche Bank, the upper end of the EBIT-range was “56 per cent ahead of Reuters’ consensus estimate before the announcement.” Nokian’s management also upgraded its full year 2011 guidance: “In 2011, the company is positioned to provide strong sales growth and to improve operating profit clearly compared to 2010.” Previously the company had said: “In 2011, the company is positioned to provide strong sales growth and to improve operating profit compared to 2010.”

5th April 2011/by Tyrepress Editors

Price rises are affecting auto parts too

News

After months and months of price increases from tyre manufacturers, owing to the fact that demand for raw materials such as natural rubber has gone through the roof, it is now clear that the same pressures are affecting those purchase automotive parts too. Asking the question, what is driving current price increases? Dave Cheetham, exhaust maker Klarius Group’s chief financial officer, has warned that further price rises are inevitable in the aftermarket auto parts supply chain as well.

5th April 2011/by Tyrepress Editors

Blitz Rotary at CV show

News

Blitz Rotary, who claim to be European leaders in truck lifting technology, are exhibiting at April's CV Show, at the NEC. The company employs the most modern methods of manufacture including fully automatic production facilities featuring welding robots; this results in a very high number of consistently accurate and high quality components being produced in-house.

31st March 2011/by Tyrepress Editors

Alcar Wheelwright combatting “40% collapse” in UK market with Calibre range

News

Alcar Wheelwright managing director Kevin Greer has reported a notable area of success in a UK wheel market battling hard against a medium-term slump, which looks set to continue in many segments. The wheel aftermarket is described by the Kent based importer as “difficult and depressed”, but the company is playing up the success of its recently expanded Calibre range, which it says has seen a significant level of interest from both the UK and increasingly mainland Europe. Alcar says the retro styles: Eclipse, Vice, Bomb and especially Vintage fill a gap in a European “look market” it describes as “hungry”.

31st March 2011/by Tyrepress Editors

Pilot Road 3 aimed at growing sport touring segment

News, Premium

Between 2004 and 2010, Europe’s sport touring radial motorcycle tyre market grew 31 per cent. This trend is expected to continue, with some forecasts for the current year estimating an increase of about seven per cent. At the start of the year Michelin released a new tyre into this lucrative market, the successor to its popular Pilot Road 2. The official launch for the new tyre was held towards the end of March. In announcing the introduction of the Pilot Road 3, Michelin says the new tyre surpasses its 2007-launched predecessor in terms of the grip it provides on wet roads and the consistency of performance it delivers over time. Alongside this, the tyre maker adds, is a combination of “unprecedented performance with the marketplace's best-balanced overall performance package.”

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29th March 2011/by Tyrepress Editors

Commercial production underway at Ceat’s Halol factory

News

On March 25 Ceat Ltd informed the Bombay Stock Exchange that the commercial production of passenger car and truck radial tyres had begun that day at its new Halol factory in India’s Gujarat state. The plant, whose foundation stone was laid in January 2009, has been erected with an Rs 5 billion (£68 million) investment and is designed to have an annual output of 4 million tyres in its first phase of operation. Capacity should be increased to 12 million units over the coming decade through a second phase expansion project, which will be made with a further Rs 2 billion investment. Between 25 and 40 per cent of the plant’s output is slated for export, the company said in 2009.

28th March 2011/by Tyrepress Editors

Production resumed at all Japanese Bridgestone plants

News

Tyre production at Bridgestone’s Nasu factory in Tochigi Prefecture got underway on March 25, two weeks after the earthquake in Japan. Output at the plant, which holds the capacity to product 2,600 tons of passenger car, motorcycle tyres and other tyres per month, will increase gradually as electricity restrictions are lifted and “other issues” resolved. The Nasu plant’s return to production means that all Bridgestone factories in Japan affected by the earthquake are now back in production.

28th March 2011/by Tyrepress Editors

Toyo, Sumitomo restart production in earthquake affected areas

News

More than a week after the Japan earthquake caused widespread power outages and disruption to manufacturing in parts of the main island of Honshu, Toyo Tires and Sumitomo Rubber have recommenced production at factories located in affected areas.

24th March 2011/by Tyrepress Editors

Hangzhou Zhongce confirms Thai factory reports

International News, News

Leading Chinese tyre manufacturer Hangzhou Zhongce Rubber has confirmed that it is planning to build a tyre factory in the vicinity of Bangkok, Thailand. Speaking to Tyres & Accessories, the executive responsible for the company’s Westlake brand Mr Ge, confirmed that the company had signed a contract with the Thai government to purchase land in the Bangkok development zone.

23rd March 2011/by Tyrepress Editors

Goodyear ‘starting up’ at Pulandian, China plant

News

During Goodyear Tire & Rubber’s March 22 investor day, Asia Pacific president Pierre Cohade reported that the company’s newest plant in China, its Pulandian facility, has commenced production. Speaking on the plant that in a couple of years will completely replace Goodyear’s existing Dalian factory, where maximum possible production capacity has already been reached, Cohade confirmed “the factory is just starting up, we made the first tyre last month.”

23rd March 2011/by Tyrepress Editors

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