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Hangzhou Zhongce ‘looking at Europe’ before proceeding with JV

According to unconfirmed news published by the Bangkok Post, concerns about an “uncertain outlook” in Europe may have prompted a postponement of the planned joint venture between China’s Hangzhou Zhongce and Thailand’s Thai Hua Rubber. In its September 26 article, ‘Chinese-Thai venture on hold’, the newspaper reports Thai Hua CEO Luckchai Kittipol as saying investment in the joint venture has been suspended as Hangzhou Zhongce wishes to monitor European economic conditions.

26th September 2011/by Tyrepress Editors

Sincera – period look paired with contemporary technology

Often the tyre industry overlooks the needs of classic car drivers. Not so Falken, who is targeting this particular market with its Sincera SN807. This range of 10 to 14-inch tyres features “appropriate aspect ratios for classic cars”, and the Falken Europe says it offers “a competitively priced period-look tread with contemporary radial construction technology.”

23rd September 2011/by Tyrepress Editors

P Zero Silver – Pirelli’s first F1 derived road tyre

Pirelli has launched its first Formula 1-derived UHP road tyre. This latest offering from the Italian tyre maker, the P Zero Silver, sits alongside the P Zero in Pirelli’s product portfolio and is intended to increase the company’s premium range and cater to the ever more differentiated needs of Pirelli’s top market segment – a segment that Pirelli aims to grow in all geographic areas. The P Zero Silver was officially unveiled in September at an event attended by, amongst others, Pirelli chairman and CEO Marco Tronchetti Provera, Pirelli Tyre CEO Francesco Gori, Team Ferrari technical director Stefano Domenicali and Team McLaren driver Jenson Button.

21st September 2011/by Tyrepress Editors

Hankook proclaims DTM influence in latest Ventus

The fruits of Hankook’s DTM involvement can now be seen by all – the Korean tyre maker has released its first ultra high performance tyre to employ engineering drawn from DTM racing technology, the Ventus S1 evo². This flagship of Hankook’s UHP portfolio is said to benefit from expertise the company has gained as exclusive tyre supplier to the DTM – Hankook states a “multitude of technical innovations and design features” has enabled its engineers to arrive at the “best balance” between wet and dry performance. The Ventus S1 evo² has also been developed to meet next year’s EU-labelling requirements.

20th September 2011/by Tyrepress Editors

Remoulding the UAE: Recessionary factors put pressure on suppliers and retreaders

International News, Retreading

Those living in the seven emirates that make up the UAE – Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain – are certainly no strangers to high temperatures. While the mercury rose to 47 degrees Celcius and above this summer, pressures caused by the global economic crisis, which triggered a local property collapse in its wake, have also put the heat on the domestic new tyre and retreading markets. Tyres & Accessories recently visited to the country’s largest Emirate by population (Dubai) to learn more about the local and regional retreading and new tyre markets.

14th September 2011/by Tyrepress Editors

New Sava truck tyres to take advantage of eastern upswing

Slovenian tyre brand Sava Tyres – a Goodyear Dunlop brand – launched its new range of 22.5” truck tyres in an event in Ljubljana, including a visit to the Goodyear Dunlop manufacturing facility in Kranj, earlier in the year. The new range, which comprises the Avant 4 steer tyre and the Orjak 4 drive tyre, has been developed to provide enhanced performance and lower cost per mile on both long and short haul transport operations. Goodyear Dunlop also suggested that an upswing in the European truck tyre market would be experienced in the eastern half of the continent.

14th September 2011/by Tyrepress Editors

Premium tyre sales on the up?

Years after the credit crunch bit and the recession took hold in the North America and Europe, financial analysts are asking if the de-segmentation phenomena that saw cheaper tyre sales increase could be coming to an end. So does this mean premium tyre sales are on the up?

13th September 2011/by Tyrepress Editors

Blue – Nokian’s answer to northern summer motoring

A new addition has been made to Nokian Tyres’ Hakka summer tyre range. Called the Hakka Blue, this latest product from the Finnish tyre maker is designed with ‘northern’ roads in mind and thus is intended, in Nokian’s own words, to offer “the best possible traction and precise handling for challenging wet roads.” The Hakka Blue is aimed at high-powered cars and is produced in a total of 21 sizes in V and W speed ratings for 15 to 17-inch rim diameters. All dimensions offered will be XL marked. Retail sales of the new tyre will begin in spring 2012 in Nokian’s most important market areas: the Nordic countries, Russia, and Ukraine, as well as Kazakhstan and Belarus.

12th September 2011/by Tyrepress Editors

Analysts: Michelin/Double Coin JV dramatically increases Chinese tyre capacity

Following yesterday’s confirmation of the news that Michelin and Double Coin have entered into a China-based tyre production joint venture, financial analysts shared their views about how this fits into the French tyre giant’s wider strategy. According to Deutsche Bank, the new joint venture run plant is already being built and is expected to cost approximately 390 million euros. The analysts also confirmed earlier reports that the factory will have a capacity of 15 million units annually. For the time being the agreement remains subject to approval by the appropriate Chinese authorities.

8th September 2011/by Tyrepress Editors

WTO upholds US import tariffs on Chinese produced tyres

International News, Legislation, News

The World Trade Organization (WTO) has upheld the US government’s decision to impose 35 per cent import tariffs on Chinese produced passenger car tyres in September 2009. Two years later these have been lowered to 25 per cent, as initially planned. However, the Chinese authorities maintain that the original ruling has seriously harmed Chinese producers and the decision to uphold it will “intensify their difficulties.”

7th September 2011/by Tyrepress Editors

Is Japan facing rubber, tyre shortage?

Japanese vehicle makers are set to increase their production output between October 2011 and March 2012 and this is likely to lead to a shortage of synthetic rubber. At roughly the same time Japanese tyre maker Bridgestone notified OEMs that orders for passenger car tyres are likely exceed its domestic production capacity leading concerns that the country could be in line for both a synthetic rubber and a domestic tyre shortage.

7th September 2011/by Tyrepress Editors

Consolidation the order of the day in Russia

Old habits die hard, and for many of us our knowledge about Russia is at best sketchy. Yet much change is taking place there, and the tyre industry is not missing out on this. Europe’s major tyre makers today have, or are in the process of acquiring, a presence within the region, and Russian companies are also working to secure their share of a growing and lucrative market. Keeping track of various deals can sometimes be complicated…

25th August 2011/by Tyrepress Editors

Conti to produce radials in India from 2013

International News

Following Continental’s recent acquisition of India’s Modi Tyres Company Limited, the German company has announced plans to expand its Indian market operations. Initial plans involve increasing Continental India Limited’s cross-ply truck and bus tyre production at its Modipuram factory to over 500,000 units per annum this year and further boosting output to more than a million units in 2013. On top of this, more than 50 million euros will be invested to equip the company for passenger car and commercial vehicle radial manufacture; Continental anticipates starting production of these tyres in the second half of 2013.

24th August 2011/by Tyrepress Editors

Kenda’s second Yun-Lin plant enters service

Kenda’s new passenger car tyre factory, built alongside its existing Yun-Lin plant in Taiwan, has now entered operation. The new plant is said to have a daily capacity of 5,000 tyres per day and according to the Taiwan Economic News it will contribute towards a gradual rise in Kenda’s daily output in Taiwan in China; it says output will begin increasing in the third quarter of 2011 and should reach 30,000 tyres per day by the end of the year – an increase of 50 per cent over current capacity. Most output from the new factory will be shipped to Europe and the US and is expected to contribute an additional NT$1.8 billion (£37 million) to annual revenues.

22nd August 2011/by Tyrepress Editors

Bridgestone H1 net income beats expectations

For the six months to June 30, 2011, Bridgestone Corporation reports net sales of 1,459,125 million yen (£11.7 billion), 1.4 per cent lower than the sales projection announced on May 13 and 5.3 per cent higher than net sales for the first half of 2010. Operating income during the first half of this year was 93,629 million yen (£751.0 million), 30.0 per cent higher than projected, and ordinary income amounted to 91,880 million yen (£737.0 million), 43.6 higher than the projected figure. Net income for the six months to June 30, 2011 was 54,115 million yen (£434.1 million), a 54.6 per cent increase on the May 13 projection and up 21.6 per cent year-on-year.

11th August 2011/by Tyrepress Editors