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First Phase of Conti’s China PCR Plant Completed

Some 21 months after breaking ground, Continental has completed the first project phase at its Hefei, China passenger car tyre facility. This milestone was celebrated at a ceremony on July 4, held following the installation of plant machinery. The 70,000 square metre plant has been established through an investment of more than 185 million euros, and Continental states this investment represents part of the company’s Asia growth and expansion strategy.

6th July 2010/by Tyrepress Editors

Work Begins on Nexen PCR Plant

Construction work on Nexen’s newest passenger car and light commercial vehicle tyre factory in South Korea’s Gyeongnam Province has begun following its groundbreaking ceremony on June 24. The 500,000 square metre Changnyeong facility is being built with a 1.2 trillion won (£646 million) investment and Nexen anticipates its output will boost the company’s South Korea and China total to 60 million pieces per annum.

6th July 2010/by Tyrepress Editors

Nokian Releases HTS Straddle

Nokian Tyres has released a new tyre for straddle carriers. This new radial tyre, the HTS Straddle, is designed for work in harbours and goods terminals and combines, says Nokian, the high load-bearing capacity desired by operators with excellent driving comfort appreciated by drivers.

5th July 2010/by Tyrepress Editors

Origo Partners Invests in Chinese Tyre Recycling Company

Investment house Origo Partners Plc paid US$6.65 million for a 20 per cent equity stake in Jinan Eco-Energy Technology Co. Ltd on 25 June. Jinan Eco-Energy, a Chinese waste plastic and scrap-tyre recycling systems provider, designs, develops, markets and operates pyrolisis-type recycling systems that convert scrap tyres into fuel oils and other by-products. According to Origo, the company benefits from proprietary technologies that are either protected by international patents or have patents pending and an experienced management team with significant industry and technical experience. Eco-Energy's systems are provided as turn-key solutions to third party project developers or operated in joint-ventures with selected local partners.

Eco-Energy's technology is already successfully deployed in a commercial scale recycling plant in Taiwan with a processing capacity of 20,000 tonnes of scrap tyres per annum, and the company reportedly has orders from customers in Europe, South East Asia, and China for the delivery in 2010/11 of recycling systems with an aggregate annual processing capacity of 90,000 tonnes of tyre and plastic residue. In addition, Jinan Eco-Energy is said to be co-developing two plants with joint venture partners in China and Germany with an initial aggregate annual production capacity of 30,000 tonnes per annum.

2nd July 2010/by Tyrepress Editors

Evonik to Close Botlek Carbon Black Plant on 31 July

Evonik has announced that it will close its Botlek, Netherlands carbon black plant on 31 July 2010 as part of a production “realignment” programme. Plans are said to be in place for the site to continue as a supplier of energy to businesses located in the vicinity for the news few years. "While the Botlek facility has always excelled in quality and efficiency, the market has moved away from Northwest Europe. Botlek’s great performance is, unfortunately, not enough to overcome the logistical disadvantage", said Jack Clem, Evonik’s head of Carbon Black.

According to the company, the guiding principle behind the realignment of Evonik's European carbon black production capacities is “closer to the customer.” Their view is that, with the carbon black market in Western Europe is increasingly shifting towards Central Europe and that the main drivers of this change are the major tyre manufacturers and producers of mechanical rubber goods.

2nd July 2010/by Tyrepress Editors

Shandong Linglong Aims for 20% Export Increase in 2010

Last year Shandong Linglong reportedly exported 12.969 million tyres and earned an export delivery income of RMB 4.139 billion (£403.6 million), an amount said to be more than that earned by any other Chinese manufacturer. At the Reifen 2010 show in Germany, Shandong Linglong Tire Co., Ltd. CEO Wang Feng told Tyres & Accessories that the company’s aim for 2010 is to further improve on this already impressive result.

2nd July 2010/by Tyrepress Editors

New Kenda Taiwan Plant to Enter Production Q2 2011

Kenda Rubber has begun construction of a passenger car tyre factory alongside its existing Yun-Lin plant in Taiwan. The new factory, reports the China Economic News Service, will enter production in the second quarter of 2011 and reach a daily capacity of approximately 5,000 tyres by the end of 2011. The company also produces passenger car tyres in China and Vietnam.

30th June 2010/by Tyrepress Editors

Matador-Omskshina JV Marks 15th Anniversary

This year Continental Matador Rubber celebrates the 15th anniversary of the ZAO Matador-Omskshina joint venture project, which is based in Omsk in the Russian Federation. The founders, Slovakia’s Matador and Russia’s Omskshina, each contributed a 50 per cent capital share in order to establish a passenger car and light commercial vehicle tyre production facility. The joint-venture was officially registered in the Russian Federation on 17 May 1995.

30th June 2010/by Tyrepress Editors

Stamford Tyres “Laid Foundations for Future Growth” in FY2010

Singaporean tyre and wheel distributor Stamford Tyres has announced a net profit of S$9.4 million (£4.5 million) for the end of financial year 2010, which ended on 30 April, over eight times the net profit of S$1.0 million in FY2009. The company’s president and CEO, Wee Kok Wah said: “Over the past year, we have worked hard to lay the foundations for the Group’s future growth… In accordance with the much improved set of results the Board of Directors has recommended a final dividend of 1.0 Singapore cents to reward our loyal shareholders.” The company reduced its operating expenses by 16.3 per cent, from S$64.5 million in FY2009 to S$54.0 million in FY2010, while Stamford experienced the slightest of declines in gross profit – down 1.5 per cent to S$66.5 million – and its gross profit margin, which was at 21.4 per cent as opposed to 22.7 per cent the previous year. Higher tyre purchase prices worldwide and lower sales from the Group’s Thai wheel plant were the main causes.

29th June 2010/by Tyrepress Editors

Lanxess Boosting Butyl Rubber Capacity in Belgium

Production capacity at Lanxess’ butyl rubber facility in Zwijndrecht, Belgium is to be expanded by ten per cent to meet growing global demand for butyl and halobutyl synthetic rubber. The company has announced its intention to invest 20 million euros to lift annual capacity by 14,000 tonnes to around 149,000 tonnes, with the required work being mainly undertaken during a scheduled plant turnaround in the third quarter of 2011. The changes necessary to accommodate this higher capacity are anticipated to be in place and completed in the second quarter of 2012, and Lanxess comments the plant will produce a “superior quality” of butyl rubber.

28th June 2010/by Tyrepress Editors

Yokohama to Increase Capacity in Thailand

Production capacity at Yokohama’s passenger car and light truck tyre factory in Thailand is to be increased by almost 54 per cent, with the additional production commencing next April. Through a 9.7 billion yen (£72 million) investment an additional 1.4 million units of annual capacity will be added to the Yokohama Tire Manufacturing (Thailand) plant in Raying Province, pushing total annual capacity up to 4 million tyres.

28th June 2010/by Tyrepress Editors

Apollo Shares up Following Lockout Reassurance

Following news of the lockout at Apollo’s Kerala, India-based facility, shares in the company fell by around six per cent, but management reassurances that the company would make up the production deficit elsewhere and 85 per cent of the Perambra workforce wanted to return to work have pushed share prices to levels experienced prior to the lockout, according to financial news sources.

23rd June 2010/by Tyrepress Editors

Apollo Issues Statement on Perambra Lockout

The lockout at Apollo Tyres’ Perambra factory in India’s Kerala state is now in its second week, and the company’s chief of India Operations, Satish Sharma, has released an official statement broaching the issue:

21st June 2010/by Tyrepress Editors

Michelin X One Maxitrailer Tyre “Increases Stability” in Tests

Michelin says it has recorded a 6.5 per cent improvement in stability over 385/65R22.5 tyres after measuring the vehicle overturn angle of a 44-tonne tractor unit and trailer combination fitted with X One MaxiTrailer tyres. The trial took place at QinetiQ’s automotive test facility in Chobham, Surrey, using the only tilt-table in the country capable of accommodating a fully loaded 13.6m commercial vehicle.

18th June 2010/by Tyrepress Editors

Apollo Shares Drop Following Lock-Out

Shares in Apollo Tyres Ltd have fallen around five per cent since the announcement of a lockout at its Perambra factory. This plant accounts for nearly a quarter of Apollo’s global tyre production and has a capacity of 850 tonnes per day, yet even before the lockout it was not reaching anything near this amount – and it is thus not surprising that investors are showing signs of nervousness.

17th June 2010/by Tyrepress Editors