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Rubberking Anticipates Increased African Presence

Rubberking Tyres India reports a successful 2010 show: "Tyrexpo Africa has always been a good platform for us to establish and promote our tyre brand and product range to the African market,” stated Dipti Jambhekar, Rubberking’s senior executive of international sales. “Though the number of visitors appeared to be less than normal, we were able to generate some serious quality inquiries, revive our relations with old customers and network with our existing ones.

16th April 2010/by Tyrepress Editors

Indian Tyre Manufacturer Shares Rise alongside Price Hikes

India’s major tyre manufacturers have seen their shares jump up to 4.9 per cent in value today amidst reports of price hikes across the four biggest domestic names. Bloomberg UTV reports that Apollo Tyres (up 4.9 per cent), CEAT (2.54), JK Tyre (2.32) and MRF (1.61) all saw their stock rise in value, following reports that CEAT is raising its prices by between two and five per cent, while Apollo and JK Tyre are to make a decision later on the size of their price increases.

16th March 2010/by Tyrepress Editors

CEAT Opens Dubai Office

In order to best meet growing demand for its tyres in the Middle East region, Indian manufacturer CEAT has established a new Dubai office. The operation is to be headed up by Pawan Rana.

15th January 2010/by Tyrepress Editors

Guangong Greatoo Molds Increases its European Presence

In recent times Guangdong Greatoo Molds Inc, the only tyre mould maker listed on the Shenzhen Stock Exchance, has increased its reach far beyond its native China. After expanding in India, where Greatoo has gained supply agreements with virtually all the leading tyre makers (including Apollo, Birla, CEAT, JK Tyre, MRF and BKT), this fast growing company is now aiming to become a truly global player after gaining some key contracts in Europe.

Speaking to senior technical consultant RNK Krishnan at November’s Reifen China show in Shanghai, Tyres & Accessories learnt that increased outsourcing amongst the world’s top ten tyremakers has led the company to build “good ties” with the majority of European tyre makers including Michelin, Continental, Pirelli and Marangoni.

18th November 2009/by Tyrepress Editors

ATMA Director General: 5-6% Rise in India Tyre Consumption

With India’s auto sales back on the rise in September year-on-year comparisons, Rajiv Budhraja, director general of the Automotive Tyre Manufacturers Association, told the Press Trust of India that tyre consumption will follow “by five to six per cent in the next six to eight months”. The increase in auto sales has risen by 17.1 per cent overall in September 2009 compared with the month in 2008, while the rise was particularly felt in the passenger car segment, where that increase topped 20 per cent (Society of Indian Automobile Manufacturers figures).

26th October 2009/by Tyrepress Editors

CARE Research Publishes Analysis of Indian Tyre Industry

CARE Research has published a new paper detailing the Indian tyre industry. Divided into three sections, covering the five-year period between 2003 and 2008, the basics of the industry and a detailed analysis of the top five players in the industry (Apollo Tyres Ltd, Ceat Ltd, MRF Ltd, Goodyear India Ltd and JK Tyres & Industries Ltd), the report aims to give readers a full understanding of all things tyres in India. Domestic and export markets will be covered. It will be available at http://www.aarkstore.com/reports/Indian-Tyre-Industry-17039.html.

17th September 2009/by Tyrepress Editors

Ceat Launches “Ceat Pro” Knowledge Series

Ceat Ltd. in partnership with Total Lubricants, has organised an “interactive knowledge platform” called Ceat Pro in Nagpur, India. The idea is to give customers access to best practice ideas to help them their businesses and reduce operation costs.

According to the company, Ceat Pro is intended to be a common platform for sharing information and resources. Panellists at the event spoke on fuel economy, trends in the India lubricant market, the use of telematics to increase fleet efficiency, and crucially tyre radialization and the future of tyres in India.

16th September 2009/by Tyrepress Editors

Waste Tyres to Power Ceat Plant?

International News

India’s RPG Enterprises is considering generating power from waste rubber at its Ceat Tyres factory. According to the company’s vice president of corporate finance, BL Chandak, electricity so generated at the Ceat plant would be solely used for the facility’s own consumption.

24th August 2009/by Tyrepress Editors

Ceat Considering 3-5% Price Increases

International News

Ceat managing director Paras K Chowdhary has stated the Indian manufacturer will have to increase tyre prices by up to five per cent in October if rubber prices, which climbed 10 to 15 per cent in the last quarter, remain high. In a video interview with CNBC-TV18, Chowdhary said “if Indian rubber prices don’t come […]

20th August 2009/by Tyrepress Editors

Ceat Sales, Profit up in Last Quarter

During the quarter ending June 30, 2009 Ceat Limited received net sales totaling Rs 6.796 billion (£86.5 million), an increase of 1.51 per cent on the same period in 2008. According to the company’s unaudited results, net profit for the quarter stood at Rs 602 million (£7.66 million), markedly up on the Rs 106.7 million loss for the quarter ending June 30, 2008.

27th July 2009/by Tyrepress Editors

Gripen UK Enjoying ‘Month on Month’ Growth

Over on the other side of the North Sea lies the headquarters of one of the largest and fastest growing wholesalers in Scandinavia and Europe, Gripen Wheels. The Swedish based company delivers tyres to more than 20 countries and operates numerous warehouses throughout Europe. Some 18 months ago the UK joined the list of locations where Gripen boasts a presence, and the Cambridge headquartered operation now supplies customers nationwide from its warehouse in Immingham, near Hull. Tyres & Accessories recently spoke with Gripen’s UK director, Ray Coulson, to find out how the company is progressing in our market.

2nd June 2009/by Tyrepress Editors

CEAT Tyres Inaugurates First Wheel Management Centre

In India CEAT Tyres has opened its first wheel management centre at Sankagiri in Tamil Nadu. The Economic Times reports that the centre is set to be a hub for the service and maintenance of truck radials.

The company’s vice president, sales and marketing, Arnab Banerjee told the paper, “Service and maintenance of a tyre means proper alignment, greasing and retreading in periodic intervals, nitrogen filling in tyres, and various other measures to improve tyre life and fuel efficiency of the vehicle.” He also suggested that the centre would be used for driver-based training.

It is reported that the company is tapping into the local industrialised market of 10,000 trucks, 25 per cent of which run on radials compared to the Indian average of 10 per cent.

12th May 2009/by Tyrepress Editors

Alliance Appoints Trio of VPs

Alliance Tire Group has announced that the Company appointed Jean-Paul Spijker as vice president sales global OEM, B.S. Rama Murthy as group vice president commercial and D. Suresh as vice president of Technology function at the end of February.

17th April 2009/by Tyrepress Editors

Evergreen Global Ready to Enter Europe

During the past 25 years Evergreen Global has developed from a small Singapore based wholesaler into a well-known truck tyre supplier offering its own brands, “United”, “Global Star” and “Matrix”. The next stage in the company’s development, outlined general manager Lancy Nazareth during Tyrexpo Asia, is to establish a presence in the European market.

Since the early 1980s, when company founder Ram Niranjan Jatia moved his business – which in those days dealt exclusively with the yarn trade – from Mumbai to Singapore and entered the tyre business, Evergreen has seized the opportunity to set up branch offices in numerous global locations: Today the company’s network of offices includes sites in Myanmar (Burma), Vietnam, Dubai, India and Brazil.

14th April 2009/by Tyrepress Editors

Indian Tyre Exports Decrease 12% Between April & December

A marked decline in vehicle sales worldwide together with tighter import restrictions in some countries is being blamed for a 12 per cent decrease in tyre exports from India in the last three quarters. According to India’s Automotive Tyre Manufacturers Association (ATMA), Indian tyre companies exported 2.346 million tyres between April and December 2008, compared with 2.668 million during the same period of 2007. This drop in exports occurred despite a devaluation of the rupee against the US dollar and numerous other major currencies.

3rd March 2009/by Tyrepress Editors