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Nokian profits down in 1H, but quarterly improvements indicate Nordic strength

Nokian sales and profits are down 5.7 and 18.4 per cent respectively for the first half of 2013, the company has reported. However the second quarter has been increasingly strong for the company, with net sales totalling 419.1 million euros 1.3 per cent up on the second quarter of 2012. President and CEO Kim Gran said that the company had been strong in the Nordic countries and Russia particularly during this period, and Nokian expects growing winter tyre demand – playing to the company’s strengths – in these countries and in central Europe during the rest of the year.

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Toyo to gain 2.5M unit extra US capacity

Toyo Tire & Rubber says expansion work on its White, Georgia passenger car and light truck tyre plant in the US is set to begin and will be finished in three years’ time. This fourth-stage capacity expansion project will initially lift production capacity at the Toyo Tire North America Manufacturing Inc. plant by 2.5 million units per annum. The 20 billion yen (£133.7 million), 44,000 square metre expansion will increase the facility’s size by 50 per cent and house equipment that represents half of all plant capacity.

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Firestone releases new agri tyre

Very high load capacity, an avoidance of downtime during harvesting and minimal soil compaction – these three qualities are priorities when agricultural operators purchase new tyres, and Firestone says its latest product for this market segment was launched to meet these criteria. Bridgestone Europe reports that this tyre, the new Firestone Maxi Traction Combine, is now available in several sizes for replacement market and original equipment fitment.

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Flexibility necessary for European brake market players

While the European financial fug continues, brake suppliers are being required to show greater flexibility in their operations. The reactions of brands operating in the sector are shown in this feature to include a drive towards internationalisation – particularly with performance products generating improved revenues in the Americas and Asia Pacific – and a more varied product line-up to suit both OEM and end-user requirements. A new report published by Markets and Markets suggests that the global brake market will “grow to $28,532 million by 2018, as compared to $20,210 million in 2013, with a CAGR of 7.14% from 2013 to 2018. During this period of flux, the report suggests drum brakes will occupy the major share when compared to disc brakes systems, but that demand for discs will increase at a faster rate and slowly surpass the drum brakes market.

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Continental broadens Norbert Dentressangle logistics contract

Continental Tyres has renewed its contract with Norbert Dentressangle for a further five years, including “a significant extension” to the scope of the operation. In addition to acting as Continental’s UK and Ireland National Distribution Centre (NDC), under the new contract, Norbert Dentressangle’s site at Rugby will also act as a consolidation point for orders which were previously delivered as full loads direct from Continental’s European manufacturing plants to major wholesale customers in the UK.

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Q2 sales, shipments down at Superior Industries

Wheel manufacturer Superior Industries International has reported a slightly lower year-on-year net income for the second quarter of 2012. Net income decreased from US$6.4 million a year ago to $6.3 million in the March to June quarter.

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‘In line’ results leave analysts expecting more from Hankook

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Hankook’s second quarter results show that the manufacturer is well-placed to take advantage of the anticipated gradual recovery of replacement markets in the next year and a half. Indeed, the 1.4 per cent increase in revenue growth indicates that the Korean manufacturer is already experiencing some upward momentum, this figure having declined in the previous two quarters. Deutsche Bank analyst Sanjeev Rana commented that the company’s ongoing product mix improvement and falling raw materials costs should combine with the American and European recovery to keep Hankook’s margins “resilient”, while the bank also expects its operating profit to “grow 18 per cent” year-on-year in in the second half of 2013.

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Evonik boosting Thailand silica capacity

Demand for low rolling resistance tyres, and the materials necessary for their production, has far from peaked. Evonik Industries believes demand will rise by 18 per percent a year for the coming five years, and has responded to this expected growth by increasing capacity for silica. The company plans its silica capacity to reach 30 per cent above 2010 levels by 2014, and part of this increase will come through an expansion of its Maptaphut site in Thailand.

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New Apollo Vredestein distribution centre

Apollo Vredestein’s new European distribution centre recently entered service. Located in Staalsteden, near the company’s Enschede plant, the centre has the capacity to store 500,000 tyres. The company says the additional storage space is needed to accommodate growing production and sales volumes, combined with a wider product range.

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Silica masterbatch benefitting Cooper’s tyre production

Cooper Tire & Rubber reports it has now manufactured more than two million passenger car tyres using silica masterbatch (SMB) technology developed together with Mexico’s Industrias Negromex S.A. de C.V (INSA). The tyre maker says the technology has delivered a number of benefits, including improved mixing productivity and flexibility, the elimination of volatile organic compound (VOC) emissions) which are associated with the standard silanisation process of mixing silica) and improved silica dispersion in tyre tread formulations. Cooper says better dispersion means superior traction, wear and rolling resistance performance.

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Ceat aiming for greater profitability

India’s RPG Enterprises, parent company of Ceat Ltd, shares that the tyre maker aims to become one of the most profitable firms within the domestic market. Comments made by Ceat managing director Anant Goenka to this effect during an interview with local motoring journal Motown India were published on RPG’s website on 25 July.

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Cooper Rongcheng strike is delaying shipments

Representatives of Cooper Tire’s Findlay, Ohio corporate headquarters have confirmed that the company is facing strike action at its Rongcheng, China plant. In answer to Tyres & Accessories questions, a company spokesperson confirmed that as a result the dispute the factory is “in communication with customers…regarding product supply”. No further details of what this means in practice have been released. However T&A has seen once such customer communication, which suggests the strike, which has reportedly been going on for around a month, is resulting in the delay of export shipments.

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Bridgestone opens Japanese retread plant

On 16 July, Bridgestone’s domestic tyre subsidiary, Bridgestone Tire Japan, opened a new facility that integrates its Osaka Bandag retreading factory and waste tyre processing plant into a single location. The new 7,100 square metre plant takes in used casings collected from the within Osaka and Kyoto, Hyogo Prefecture, Wakayama Prefectures and has the capacity to produce 3,000 truck and bus retreads per month, including Ecopia retreads. This figure is 30 per cent higher than the combined output of the two previous facilities. Tyres not suitable for retreading are shredded and sold as fuel.

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Official opening for Vietnam’s first truck radial plant

On 29 June, Vietnam’s Danang Rubber Company and the Vietnam National Chemical Group (Vinachem) held the inauguration ceremony for their, and the country’s, first truck tyre radial factory. The new plant is located within the Lien Chieu Industrial Zone in Da Nang City, and covers an area of 106,632 square metres. It was built with a total investment of VND 2,992 billion (£92.1 million), including equipment costs of VND 1,663 billion, and has a 600,000 tyre per annum capacity. The Vietnamese tyre maker says plant equipment was imported from Italy, The Netherlands and Germany.

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Kama a Tatarstan ‘best product’

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Kama brand tyres once again feature amongst the best products in Tartarstan. Russian company Tatneft reports that Two sizes of Kama Euro tyre – 129 195/55 R15 and 205/55 R16 – produced by subsidiary tyre maker Nizhnekamskshina, and three Kama N series tyres – NR 201 245/70 R19,5, NF 201 245/70 R19,5 and NT 201 385/65 R22,5 – produced by the Nizhnekamsk SSC Tire Factory, were recognised in the ‘industrial and technology products’ category of the “Best Goods and Services of the Republic of Tatarstan – 2013” contest.

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