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Nokian Aiming for Premium Segment Leadership in Russia

An overview of Nokian Tyres’ current position and strategy in Russia has been given by Anne Leskelä, the company’s Industrial Relations vice-president and CFO. She reported that the Russia and CIS region, which accounted for 26 per cent of the company’s 183.8 million euro sales in the first quarter of 2010, experienced a 42.7 per cent growth in sales to 46.8 million euros during the three-month period, with passenger car tyre market share increasing. Leskelä also stated Nokian Tyres’ objective of attaining market leadership in the premium tyre segment by 2014 in Russia and the CIS.

27th May 2010/by Tyrepress Editors

Expanded Goodyear Dunlop European Logistics Centre Inaugurated

Late last year the Goodyear Dunlop group completed the expansion of warehouse storage capacity of its European logistics centre in Philippsburg, near Stuttgart in southern Germany. Work on the centre’s offices, from where the company’s Europe-wide logistics are directed, has now also been finished, marking the completion of a 20 million, one and a half year project. The centre was officially inaugurated by Heribert Rech, minister of the interior for the province of Baden-Württemberg along with Eberhard Louis, director of Distribution & Operation at Goodyear Dunlop Europe, and Dr. Rainer Landwehr, chairman of Goodyear Dunlop Tires Germany.

26th May 2010/by Tyrepress Editors

Ruia Company Monotona Tyres Becomes Falcon Tyres Subsidiary

India’s Monotona Tyres Ltd has become a subsidiary of fellow Ruia Group company Falcon Tyres Ltd. This arrangement allows Monotona to take advantage of the technical assistance agreement Falcon has operated with Japan’s Sumitomo Rubber Industries since 2007 and will lead to its products being marketed in the Indian replacement market under the Dunlop brand name.

25th May 2010/by Tyrepress Editors

Work on Lanxess Singapore Rubber Facility Gets Underway

Ground has been broken on Lanxess’ new butyl rubber factory site in Singapore. When completed, the Jurong Island facility will have a 100,000 tonne capacity, which Lanxess states will enable it to meet the rising Chinese and Indian demand for butyl rubber to use tyre production. Following a total investment of up to 400 million euros – 10 to 15 per cent of which will be directed into environmental protection measures – production is anticipated to get underway in the first quarter of 2013.

17th May 2010/by Tyrepress Editors

Sibur, Reliance Industries Enter Butyl Rubber JV

India’s Reliance Industries Ltd. and Russian petrochemical company Sibur have signed a Memorandum of Understanding (MoU) to establish a joint venture in India to produce butyl rubber at Reliance’s integrated petrochemical site in Jamnagar, Gujarat state. According to the MoU, Sibur will provide proprietary technology for butyl rubber polymerisation and its finishing, while Reliance will supply monomers and provide the infrastructure and utilities for the venture.

17th May 2010/by Tyrepress Editors

Further Expansion Planned for Bridgestone’s Karawang Plant

Around 4.3 billion yen (₤31.3 million) is to be invested in Bridgestone’s Karawang factory in Indonesia. Company subsidiary P.T. Bridgestone Tire Indonesia will use this sum to expand passenger car and light tuck tyre radial capacity at the plant by 3,000 units a day to 29,400 units. This capacity level is anticipated to be reached by the first half of 2012.

14th May 2010/by Tyrepress Editors

Micheldever Opens Middlesex Logistics Centre

Micheldever Tyres Services (MTS) has opened a new distribution centre in Middlesex, North West London. The new site situated in Greenford, Middlesex, will have a storage capacity of over 100,000 tyres, which will according to the company “carry a huge range of patterns and sizes of tyres in all brands to ensure maximum possible availability for the increasingly important same day delivery service.”

MTS wholesale director Alan Baldwin described the opening of the company’s latest warehouse as “Micheldever’s greatest leap forward in customer service since we opened our Halifax warehouse,” adding:

10th May 2010/by Tyrepress Editors

Winter Demand Causes Windscreen Shortage

Auto Windscreens has increased production by 40 per cent at its factory following news of a national shortage of windscreens. The high demand for replacement windscreens at the beginning of the year, following the UK’s worst winter in 30 years, has led to a national shortage of windscreens, reports the automotive glazing services company Auto Windscreens.

According to the company, automotive glazing companies throughout the UK are struggling to get hold of parts leading to long delays for windscreen replacement for vehicle owners, particularly for owners of the Vauxhall Zafira, Astra and Vectra, VW Passat and Golf and Audi A4.

7th May 2010/by Tyrepress Editors

Bridgestone Invests £400,000 in UK Retreading

Bridgestone UK has invested £400,000 in a twin head Alpha builder. According to the company, the purchase has been made following Bridgestone’s “rapid growth” within the UK retread market. Terry Salter, retread development manager, commented: “This is a part of a long term investment strategy designed to enhance capacity and quality.”

6th May 2010/by Tyrepress Editors

Cooper Posts Improvements in Q1

Tire Review reports Cooper Tire & Rubber Co. reported net income of $12 million for the quarter ended 31 March, a $33 million improvement from the same period in 2009. Net sales were $754 million, an increase of $183 million, or 32 per cent, from the prior year. Operating profit was $33 million for the quarter, a $49 million improvement compared with a loss of $16 million in 2009, the company said.

5th May 2010/by Tyrepress Editors

Barry Stocker Appointed Sales Director for Genan

Denmark-based Genan Business & Development A/S, which purports to be the world’s largest tyre recycling company, has appointed Barry Stocker as sales director for UK and Ireland. According to the company the appointment took effect on 1 February 2010. At the time Stocker was president of the Tyre Recovery Association (TRA) and member of the UK Tyre Working Group, however Tyres & Accessories understands that the association has since appointed a new president and will shortly release a statement confirming this. Prior to joining Genan Stocker was commercial director for Murfitts Industries Ltd and spent most of his professional career within tyre recycling in the UK.

26th April 2010/by Tyrepress Editors

Avon’s Lewis Appointed MD of Cooper International Trading Company

Nigel Lewis, currently purchasing director for Avon Tyres in Melksham, will as of June 1 take on the role of managing director of Cooper Tire International Trading Company in Singapore. In this capacity he will be responsible for overseeing the operations of the Singapore buying office and procurement of natural rubber.

26th April 2010/by Tyrepress Editors

Conti Holds Ribbon Cutting Ceremony at California Distribution Centre

The Redlands, California distribution centre opened by Continental Tire the Americas earlier this year is now operating at full capacity, and to mark the occasion an official ribbon cutting ceremony and ‘open house’ was held on April 15. The 46,500 square metre warehouse consolidates the operations of two smaller California based warehouses, and provides Continental with enough space to store and distribute over 450,000 passenger car, light truck and commercial vehicle tyres. Conti estimates that two million tyres will be moved through the Redlands site each year.

23rd April 2010/by Tyrepress Editors

Hankook China Plant to Have 10M Unit Capacity

Plans for Hankook Tire to build a new factory in China were outlined on April 22; representatives of the South Korean manufacturer said the construction of a new facility there will aid Hankook’s efforts to consolidate its status as the leading international tyre manufacturer in China. The company also intends to increase its sales there by 15 per cent to US$1.21 billion this year.

22nd April 2010/by Tyrepress Editors

Multistrada Reports Record Domestic Sales

PT Multistrada Arah Sarana Tbk, the Indonesian tyre manufacturer, reportedly achieved record tyre sales in the first quarter of 2010. Local news sources quoted “a source familiar with the matter” as saying Multistrada sold 1.5 million passenger car tyres in the first three months of 2010, with motorcycle tyres sales totally over 600,000 units. These figures are more than fifth up on the same period last year when the company sold 1.2 million of car tyres and half as many motorbike tyres (300,000 units). Multistrada produces the Achilles, Corsa, and Strada brands.

21st April 2010/by Tyrepress Editors