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Kenda, Cheng Shin to build new plants

The China Economic News Service reports two Taiwanese tyre makers will establish new factories next year. Cheng Shin Rubber, manufacturer of the Maxxis tyre brand, intends to set up a truck and bus radial plant by the end of 2012; the company signed an investment agreement with the Changhua County Government in 2009 to this effect, planning to invest NT$12 billion (£246 million) in the project. CENS also reports that late in 2012 Kenda Rubber will start construction of a 25,000 tyre per day plant that will focus on the manufacture passenger car tyres; this facility will also be erected in Changhua. It is expected to enter service in 2014.

4th November 2011/by Tyrepress Editors

Nokian gearing up for strong 2011 sales, operating profit growth

On the back of a 41.3 per cent year-on-year increase in net sales in the first nine months of 2011, Nokian Tyres retains its outlook that it is “positioned to provide strong sales growth and to improve operating profit clearly compared to 2010.” The Finnish tyre maker recorded group net sales of 974.3 million euros, up from 689.4 million euros between January and September 2010. During this same period operating profit doubled from 130.4 million to 261.0 million euros. Earnings per share also effectively doubled, from 0.85 euros to 1.66 euros per share. Net sales increased 41.2 per cent in the third quarter to 346.3 million euros, operating profit jumped 97.4 per cent to 95.4 million euros and earnings per share increased 122 per cent year-on-year to 0.60 euros per share.

4th November 2011/by Tyrepress Editors

Westlake support ‘a boost’ for Brityrex 2012

Westlake Tyres, which are manufacturer by ZC Rubber (China largest domestic producer and number 10 in the world), has confirmed that it will exhibit at next October’s Brityrex International exhibition in Manchester. The latest news is being interpreted as a real boost for the 2012 Brityrex exhibition as ZC Rubber is a fast-growing international player with annual sales in 2010 of more than US$ 3 billion.

31st October 2011/by Tyrepress Editors

Continental appoints Tracey Hyem as commercial marketing manager

Continental Tyres has appointed Tracey Hyem as commercial marketing manager. Hyem is no stranger to Continental having been with the manufacturer eight years. Initially joining as marketing communications manager, she then moved into a role as brand manager for passenger car tyres – a position she held for five years – before taking up her current role as marketing manager for Continental’s commercial vehicle and industrial product lines.

31st October 2011/by Tyrepress Editors

Michelin takes a fresh look at road safety with Primacy 3

When Michelin launches its Primacy 3 into European replacement markets in February 2012 the tyre will, the manufacturer states, open a “whole new era in road safety.” What Michelin means when making this assertion is that its successor to the Primacy HP has been developed based on research and behavioural analyses that revealed a number of unexpected safety-related facts. By taking a fresh look at accidentology – the study of accidents – Michelin says it has been able to move beyond preconceived safety ideas and provide road users with meaningful solutions.

21st October 2011/by Tyrepress Editors

ETRMA: Non REACH compliant tyres still entering Europe

On 16 October ETRMA (European Tyre and Rubber Manufacturers' Association) announced the results of its second round of tyre testing examining REACH compliance of tyres found within Europe. ETRMA’s results show that roughly 10 per cent of the sample failed to comply with the clean oil legislation, around the same proportion as failed the last set of tests held earlier this year. However while ETRMA raised concerns about both compliance and enforcement of REACH regulations, some of the companies named in the report have already responded to accusations of compliance failure by raising questions of their own about the way in which the sample was selected.

ETRMA’s second testing campaign was carried out between April and September 2011 on a sample of 94 tyres available for sale to EU consumers in several of the largest national tyre markets. These tyres were all produced in late 2010 and 2011 in 50 factories located in 11 countries, and are being sold in the EU under 51 brand names (these include 31 brands not tested in the first round). The first round of tyre compliance tests the ETRMA conducted took place in March 2011 and followed a similar approach.

20th October 2011/by Tyrepress Editors

Toyo signs deal to develop Nitto brand in China

The five-year plan for Toyo Tire & Rubber’s Nitto brand leading up to 2015 is to increase sales volume some 250 per cent from its current level of 6.75 million tyres per annum, an increase that will see the Nitto brand’s proportion of total Toyo sales grow from nine to 15 per cent. To achieve this, the tyre maker intends to boost sales in its established North American market plus introduce the brand into other regions, including Asia, South America and Oceania.

17th October 2011/by Tyrepress Editors

Concentrating on performance – Avon's ZZ5

Earlier this year Avon Tyres launched a new top-end product to replace its ZZ3, a range that represented the Melksham-based tyre maker in the W and Y speed rated categories for the best part of a decade. This new tyre, the ZZ5, slots into the Avon performance hierarchy above the three-year old ZV5 and serves as both the brand’s flagship product and most dedicated performance offering. In October, Tyres & Accessories met the team behind the new tyre’s development and got to know their handiwork a little better.

17th October 2011/by Tyrepress Editors

Report: 2010’s new car sales helped repair puncture in tyre market

Higher new vehicle registrations in 2010 helped to repair a price deflation puncture in the UK tyre and tube market in 2009. According to a new report published by Key Note, the tough economic conditions in 2009 resulted in the UK market value for tyres and tubes deflating by 8.4 per cent at manufacturers’ selling prices (msp). Their view is that a boost in new vehicle registrations in 2010 and inflationary price increases helped the apparent market undo this, growing by 12.6 per cent in 2010.

13th October 2011/by Tyrepress Editors

European output up, but Michelin exposed in NA, not enough in emerging markets

Following Michelin’s investor’s day briefing at its Cuneo, Italy factory on 5 October financial analysts suggested that while the good news is that Michelin’s European production is up and increasingly efficient, the company remains over-exposed amidst the ailing demand of the North American markets and conversely not exposed enough in the emerging markets.

6th October 2011/by Tyrepress Editors

Hangzhou ZhongCe grows and grows – but prudently

Without exception, Chinese tyre manufacturers aim their European market production at the budget segment, where they are most competitive. However the ‘cover charge’ costs for entering the European market – the expensive testing for REACH and the tyre label – plus swelling production costs in China due to raw material and labour expenses are reducing their competitiveness in Europe. Any manufacturer wishing to build up long-term customer relationships and secure a healthy market share without needing to rely upon spot market brokers and purchasers must therefore focus upon their distribution channels and, in particular, deliver a product whose quality is far removed from the old ‘low budget equals low quality’ stereotype. One company already taking considerable steps in this direction is Hangzhou ZhongCe; recently the company allowed its European customers a glimpse behind the scenes at its factory in China and discussed its plans for the future.

5th October 2011/by Tyrepress Editors

Nexen introduces N’Blue fuel saver tyres at the Nürburgring

Nexen Tyre Europe GmbH recently invited partners from numerous European countries to the Nürburgring to test the quality of Nexen’s new Nexen N’Blue ECO and Nexen N’Blue HD fuel-saver tyres.Over fifty dealers from Germany, Switzerland, Austria, Great Britain, France and Italy travelled to the Eifel (Germany) on 7 September to learn about both Nexen and its newest products. Participants were offered extensive test drives on the Nürburgring grand prix track. Using VW Golfs equipped with either the new Nexen N’Blue ECO or Nexen N’Blue HD summer tyres, the market specialists were shown the fuel-saver products’ driving and handling properties.

5th October 2011/by Tyrepress Editors

Federal delivers first shipment of new XUV all-season product

Federal has announced the first shipment of its new XUV all-season touring tyre to a dealer in Australia. National Tyre Whosaler (NTW), based in Canberra will be receiving the first delivery of new shipment to its warehouse at Sydney, Australia.

5th October 2011/by Tyrepress Editors

CITExpo reports a positive show

The organiser of the China International Tire Expo, CITExpo for short, views this year’s tyre show in Shanghai positively. Reliable International Exhibition Services reports 7,190 visitors attended the ninth CITExpo, which was held at the Everbright Convention and Exhibition Center. Last year’s show attracted 7,400 visitors. Once again, around 60 per cent of visitors (4,160) came from China, and during the three show days in early September 3,030 international visitors from 103 countries registered. A total of 298 companies used CITExpo to present their products and services to the public, up from 290 the year before. Well-known exhibitors at this year’s show included Cooper Chengshan, Jinyu Tire Group/Evergreen, Guizhou Tyre, Techking Tires, Aufine Group, SD International, Van den Ban and the wheel producer Zhejiang Jingu; these companies occupied 22,000 square metres of floorspace in three almost completely booked out exhibition halls.

4th October 2011/by Tyrepress Editors

Is the sun setting in the East?

International News, News

Much has happened in the European tyre market in recent times. Last year’s introduction of the REACH regulations has been of particular interest, as is the run-up to November 2012’s tyre labeling. The second of these has been interpreted by many Chinese tyre makers and distributors as being, in practical terms, a trade barrier intended to make entry into Europe more complicated and expensive. Yet the Chinese appear to be responding pragmatically to the ‘problem’ of Europe. During the CITExpo show in Shanghai the opinion was often voiced that no real problem as such exists, rather a challenge to overcome. And as hardly anyone in China doubts success in this area, in future established western manufacturers in our part of the world can expect the presence of even more competitive, driven Chinese companies.

4th October 2011/by Tyrepress Editors