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Ruia Group Plans Greenfield Project, Production Increases

Ruia Group company Falcon Tyres is to establish a new factory in Uttaranchal state, in Northern India, a move accompanied by an increase in production in the company’s Mysore factory. Group chairman told reporters after the company’s 83rd Annual General Meeting on June 15 that “following the establishment of the new plant about 30 km from Haridwar in Uttaranchal, and upgrading the capacity of [the] Falcon Tyres Mysore plant, the total production for two-three wheeler tyres would go up from the present 150,000 units a month to over 230,000 pieces.”

16th June 2010/by Tyrepress Editors

Pirelli Unveils Chinese Logo

In June 2010, Pirelli launched its new Chinese logo at a ceremony in Beijing attended by automotive industry executives, celebrity guests plus Chinese and international media. Pirelli describes the event as a “truly historic moment” that serves “as a testament to Pirelli’s product superiority and continued commitment to the Chinese market.”

16th June 2010/by Tyrepress Editors

Toyo’s Weinger Retires

Following a career with Toyo Tire U.S.A spanning 28 years, Steve Weinger has announced his retirement. Weinger joined Toyo in 1982 after more than nine years with Michelin, and was initially employed in the commercial product side of the company as Fleet Promotions sales manager. Later he became the national director of Truck Tire Sales and progressed to ultimately take on the position of senior vice president of Sales & Marketing. Toyo comments that, while serving in that capacity, he implemented programmes which resulted in record increases in overall sales.

15th June 2010/by Tyrepress Editors

Michelin to Double PCR & LTR Capacity in Growing Markets by 2012

At an Exane BNP Paribas seminar on June 11, Michelin outlined its intention to double passenger car and light truck tyre capacity in growth regions by 2012 and to increased truck tyre capacity by 40 per cent within this timeframe. This growth will in part be facilitated by the construction of three greenfield plants – a new US$800 million truck tyre facility in India, an $800 million passenger car and truck tyre factory in China, and a passenger car tyre facility in Brazil. All three plants are anticipated to enter production in 2012.

14th June 2010/by Tyrepress Editors

Hankook Offers US Consumers Tyre Safety Tips

In coordination with National Tire Safety Week, Hankook Tire America Corp. is offering tips and advice to ensure consumers’ tyres are in good working condition for summer travel, reports Tire Review. “Not maintaining proper tyre inflation pressure costs consumers hundreds of dollars during their driving lifetime,” said Bill Bainbridge, director of brand communications for Hankook Tire America Corp. “Even slightly underinflated tyres require more energy and build up damaging heat more quickly. This leads to reduced fuel economy and paying more for gas than you need.”

9th June 2010/by Tyrepress Editors

Cabot to Meet Tyre Makers' Needs with 20% Expansion in Indonesia

PT Cabot Indonesia is investing US$10 million to increase the capacity of its plant in Merak, Banten, by 20 per cent. According to Dave Miller, executive vice president and general manager of Core Segment at Cabot, the expansion should be completed by the middle of next year and give the plant an annual capacity of 160,000 tons – a quantity needed should the plant continue to meet growing demand from the Indonesian tyre industry. Miller believes carbon black demand in Indonesia will reach 200,000 tons next year.

9th June 2010/by Tyrepress Editors

OCI to Build Third Carbon Black Plant

Korea’s OCI Company Ltd. has announced plans invest 75 billion won in expanding its carbon black manufacturing facilities. A third plant will be built in Gunsan, where the company’s polysilicon manufacturing facilities are located. Construction will begin in the second half of this year and when the plant enters operation late in 2011 it is projected to have a 70,000 tonne capacity. This will be increased to 100,000 tonnes by the end of 2014. When full capacity is reached the combined capacity of the Gunsan site and OCI’s existing carbon black production facilities in Pohang and Gwangyang will be 310,000 tonnes per annum – a quantity sufficient to make OCI Korea’s leading carbon black manufacturer.

9th June 2010/by Tyrepress Editors

Apollo Tyres Planning China Expansion

International News

Apollo Tyres is reportedly working on a strategy to enter China, currently the world's largest tyre producing and exporting market. If Apollo is successful in this venture it would be the first Indian tyre manufaturing company to establish a permanent production presence in China.

“We aim to be a global tyre producer with footprints in all corners of the world,” Onkar Kanwar, Apollo Tyres' chairman, said at the launch of the brand in Europe, adding: “Only China is out of bounds right now but we will chart a strategy to be present there as well, through either a joint venture or a contract manufacturing arrangement.“

9th June 2010/by Tyrepress Editors

Apollo in Talks to Supply VW in Europe

Apollo Tyres has confirmed that its OE arrangements with Volkswagen may be extended into the European market. Addressing journalists in Cologne, Germany, Neeraj Kanwar stated “only recently, five years ago, we went into the OE segment in India. Today in India we supply to all the top automotive industry. Recently we’ve gone into VW, supplying them tyres for the cars that they’re launching in India, and we are in discussions with them to supply tyres to them in Europe.”

9th June 2010/by Tyrepress Editors

Reports: Petlas to Expand Car Tyre Output

International News

Turkish tyre manufacturer Petlas Lastik is planning to significantly expanding its passenger car tyre production capacity. According to local news reports, the company’s tyre manufacturing finance manager, Vahit Unal told reporters that the company will invest $50 million to more than double the company’s 2005 car tyre capacity.

“While in 2005 [we attained] exports of $16 million, in 2008 this figure reached $93 million. In the last 2.5 years we have invested $55 million. With additional investment of approximately $50 million related to the production of passenger tyres we will raise our capacity 2.5 times,” he is reported as saying. The commissioning of the additional investment is said to have taken place in the first quarter of 2010.

8th June 2010/by Tyrepress Editors

Reports: Michelin to Relocate, Expand China Plant

International News

Michelin is seeking Chinese government approval to relocate its Shenyang plant to a larger site to allow for capacity expansion, according to a China Daily report. "We have to relocate the Shenyang factory for a really big capacity expansion in both truck and bus tyres as well as passenger car tyres, considering the growing demand in China's automobile market," Michelin managing general partner Michel Rollier is quoted as saying.

3rd June 2010/by Tyrepress Editors

Vredestein Releases 186mph Winter Tyre

It is just over a year since Dutch manufacturer Vredestein was acquired by Apollo Tyres and adopted a greater focus towards high performance tyres and products for top-end vehicles, and at the Reifen 2010 exhibition in Essen, Germany the company presented the first major addition its product portfolio since these significant events took place. Known as the Wintrac Nextreme, the high performance cold weather tyre is the second winter tyre ever to be developed in collaboration with Italian design house Giugiaro, whom Vredestein has worked together with for more than a decade.

2nd June 2010/by Tyrepress Editors

Hyster Brings Out the Big Tyres in Essen

A new Hyster H25.00XM-12 forklift truck fitted with an IMT TH3536 tyre handling attachment will be showcased on Elite Truck Bodies’ stand at Reifen 2010 in Essen. The idea, according to the company, is to demonstrate the most efficient way of handling and changing large tyres on vehicles operating in open-cast mining and construction applications.

1st June 2010/by Tyrepress Editors

Goodyear Dunlop Plans Vertikal Days and Hillhead OTR Activities

Goodyear Dunlop will exhibit its off the road range to the industry at Vertikal Days and Hillhead during June for the first time in over three years. Vertikal Days on 16 and 17 June will provide the platform to highlight the new Dunlop SP ER50 tyre to the crane industry. Meanwhile Hillhead will provide the perfect arena to introduce the industry to the full Goodyear Dunlop OTR tyre range, states the company.

28th May 2010/by Tyrepress Editors

JK Tyre Greenfield Plant to be Completed by 2012

India’s JK Tyre & Industries has outlined plans for a new greenfield facility capable of producing 2.5 million passenger radials and 400,000 truck and bus radials per annum. “We will set up a greenfield plant near Chennai and invest Rs 930 crore (₤136.7 million) in that. The plant will be completed by 2012,” JK Tyre & Industries Vice chairman and managing director Raghupati Singhania. JK Tyre & Industries has reportedly already acquired more than 100 acres of land for the factory. According to the company’s president and director, Arun K Bajoria, just under a third of the total planned investment will be funded through internal accruals and the rest will be raised from various financial institutions.

28th May 2010/by Tyrepress Editors