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Russia remains a Nokian strength

Nokian Tyres has released its 2012 annual report, and the Finnish manufacturer reports a 10.7 growth in net sales to 1.61 billion euros, 9.2 per cent rise in operating profit to 415.0 million euros and a 7.1 per cent increase in profit to 330.9 million euros. Russia proved a regional strength during the year and demand for Nokian’s passenger car tyres increased there, while demand “decreased clearly” in Central Europe. Combined output of the company’s plants in Nokia, Finland and Vsevolozhsk, Russia in 2012 was 15.7 million tyres, and the annualised capacity at year-end was 18 million pieces.

21st March 2013/12,345 Comments/by Tyrepress Editors

GfK: UK 4×4 market depressed, but V-Z speed sizes grow

News, Product News, UK News

Anyone aware of the continued economic fug across the continent might have expected the news that UK and Europe-wide 4×4/SUV tyre markets were depressed in 2012; what you may not have so readily expected was that the macro-trend of increasing sales of V, W, X and Y speed rated SUV tyres would have continued to grow. Yet the latest data from UK market researcher GfK, read in the context of Europool and ETRMA figures, shows that this is exactly what happened during the last year, with more powerful road oriented models continuing to prove popular.

7th March 2013/12,345 Comments/by Andrew

Dundee’s Lord Provost visits Michelin plant

Dundee’s ‘first citizen’, the city’s Lord Provost Bob Duncan, has toured Michelin’s Baldovie Road plant as part of a series of fact-finding company visits planned for the coming weeks. The visit was hosted by plant manager John Reid.

28th February 2013/12,345 Comments/by Tyrepress Editors

Pirelli to double China PCR output

An article printed in the China Daily states that Pirelli will double passenger car tyre production at its Shandong Province plant through a US$200 million investment. Pirelli Asia Pacific CEO Gregorio Borgo is quoted as saying the expansion is necessary due to potential domestic market demand for both passenger car and 4×4 tyres.

26th February 2013/12,345 Comments/by Tyrepress Editors

A ‘transformational leap’ in tyre technology – NTRC test centre enters operation

MTS Systems Corporation describes the tyre testing system it has installed at the US-based National Tire Research Center (NTRC) as the “world’s most advanced tyre testing system”, and reports the facility is now fully operational.

20th February 2013/12,345 Comments/by Tyrepress Editors

Yokohama outlines Philippines, Russia projects

Production capacity for Yokohama Rubber’s passenger car tyres will increase in Asia and Russia through the implementation of two separate projects.

14th February 2013/12,345 Comments/by Tyrepress Editors

Michelin grows sales, profits despite declining volumes

Michelin’s 2012 financial results are now public, and in a pithy sentence the tyre maker describes its performance last year as “strong 2012 earnings in lacklustre markets.” During the year the company earned net sales of 21.474 billion euros, up three per cent on 2011, although Michelin says weak demand, particularly in Europe, dragged sales volumes down 6.4 per cent year-on-year. Western Europe and North America each accounted for 34 per cent of total net sales, with North America gaining three percentage points at Western Europe’s expense, while the rest of the world’s share of net sales remained unchanged from 2011 at 32 per cent.

12th February 2013/12,345 Comments/by Tyrepress Editors

Despite shaky Q1, Nokian looks forward to 2013 growth

Upon reporting increased sales and profit in 2012, Finland’s Nokian Tyres shared its projection for replacement market growth this year in its main markets. Nokian anticipates demand for replacement passenger car tyres will grow one to two per cent in Europe, two per cent in Nordic countries and two to five per cent in Russia. Admittedly, the tyre maker concedes the pricing environment for all tyre categories will be “challenging” this year, although margins will be supported by a ten per cent year-on-year easing in raw material costs in the first quarter of 2013 and a four per cent easing over the entire year. Although Nokian expects to see growth in net sales and operating profit in 2013, it believes that first quarter performance will be “clearly weaker” than in 2012.

8th February 2013/12,345 Comments/by Tyrepress Editors

Growth to 10% expected for India’s tyre industry in 2012-13

In its 2012 annual report, Indian manufacturer MRF Ltd predicts that the country’s domestic tyre industry will grow by eight to ten per cent in the current financial year (to 30 September 2013). This growth will most likely be accompanied by continued pressure on margins should cost issued not be addressed, it adds.

30th January 2013/by Tyrepress Editors

End of the road for Goodyear’s Amiens-Nord plant?

Career Tracks, Company News, International News, News

The sword of Damocles has hung over Goodyear’s production site in Amiens, France for years now. Most recently, in 2009 the American tyre maker openly discussed plans to end the production of passenger car tyres in Amiens-Nord; the site suffered from “uncompetitive costs,” the company said. Two years ago Goodyear attempted to emulate the deal it made in Latin America and sell the Amiens plant’s agricultural tyre production to Titan International. But all plans for the Titan-Goodyear deal collapsed at the end of 2011. Titan chairman and CEO Maurice Taylor pulled the ripcord and withdrew from Europe, visibly frustrated by the union representatives in Amiens.

25th January 2013/by Tyrepress Editors

Orange tyre tread signals wear

With consumers putting off tyre changes later than ever, and with part worn sales soaring, a recent award-wining invention purports to be answer.

According to various online news sources, the Discolor Tyre works something like this: under normal tread lies a layer of coloured rubber, which is revealed when treadwear hits 1.6 mm. From here on in the dull black normally associated with tyre is replaced with a loud orange hue.

24th January 2013/by Tyrepress Editors

Goodyear avoids Fayetteville layoffs, achieving cuts with buyouts

The Goodyear Tyre & Rubber Co.’s Fayetteville, North Carolina plant has successfully filled the nearly 200 buyouts required to avoid layoffs. The company had announced the need to cut 200 jobs in Autumn 2012, offering staff the option to take buyout packages. Local news sources estimated around 135 employees’ buyouts had been completed on 16 January, with the staff leaving their jobs in phases.

17th January 2013/by Tyrepress Editors

New compounds, new machinery in Enschede

With Apollo Vredestein’s Enschede factory continuing to expand, and with the Indian parent company having invested around 100 million euros in the European company since the 2009 acquisition, Tyres & Accessories took advantage of its recent visit to Enschede for the opening of Apollo’s new global R&D centre and also have a look at the latest developments at the Dutch tyre factory.

15th January 2013/by Tyrepress Editors

Apollo opens global R&D and branding centres

Apollo Tyres Ltd has opened a global R&D centre in Enschede, the Netherlands as well as a global branding centre in London, UK. Opened just days apart, the two moves follow earlier commitments to put European activities in the driving seat for passenger car tyre development and, in company chairman Onkar S Kanwar’s words, to fuse the company’s three cultures into one team. Hints towards increased OE activity and the potential of a more international investor base are also evident.

14th January 2013/by Tyrepress Editors

Fulda Challenge 2013 begins in Canada

Today the ‘coldest extreme sport event in the world’ got underway in Canada’s Yukon Territory. Seven German, Austrian, Swiss and French teams and a total of 14 athletes are taking part in this year’s Fulda Challenge, the 13th edition of the tyre maker-sponsored Arctic decathlon. Over the course of the coming five days the athletes will participate in ten sporting events in temperatures up to minus 40º Celsius, and will cover almost 1,000 miles in doing so.

10th January 2013/by Tyrepress Editors