China Archives - Page 107 of 240 - Tyrepress

Now one of the largest tyre-producing countries in the world, China has an indisputable influence on the direction of global tyre trade. The home of both fast-growing up-and-coming brands as well as a burgeoning domestic market, this tag chronicles China’s involvement with the tyre business.

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US Congress passes fresh tariff legislation

The US House of Representatives has joined the Senate in passing new legislation that would allow the government to impose higher tariffs on goods from state-controlled economies that subsidise exports to the US, reports Tire Review. The journal says the legislation targets the tyre industry in particular, and was drafted and presented in reaction to the December 2011 federal appeals court ruling that the Commerce Department did not have the power to levy so-called punitive countervailing duties, effectively tossing out a series of duties – some as high as 210 per cent – it placed on China-produced OTR and agricultural tyres imported into the US.

7th March 2012/by Tyrepress Editors

Goodyear, CMA hike North America prices

Two further companies have announced higher prices for their North American customers. As of 1 April Goodyear will increase prices on all its consumer and commercial tyres by up to six per cent. The increase impacts all original equipment and replacement market Goodyear, Dunlop and Kelly brand tyres sold in the US and Canada.

6th March 2012/by Tyrepress Editors

Bekaert to cooperate with Techking on ‘concept tyres’

On 19 January a delegation from Bekaert’s Shanghai, China office visited Techking. According to the company, during the meeting, Techking and Bekaert shared their respective views on thee future development trends relating to the tyre industry. Through technical communications relating to OTR, TBR and PCR lines, both parties agreed to develop steel cord with special specifications for Techking ‘concept’ tyre products.

2nd March 2012/by Tyrepress Editors

Shandong Ling Long praised for Chinese volleyball support

Shandong Ling Long has been honoured in its home country for its sponsorship of China’s National Women’s Volleyball Team. The tyre maker was recognized during a China Central Television Sports Marketing Forum at the 7th annual Top Ten Classic Cases of Sports Marketing Awards. This marketing forum is said to be one of the country’s top national meetings and is widely known as the ‘Chinese Davos’, according to Ling Long.

29th February 2012/by Tyrepress Editors

F1 tyre strategies in development at Barcelona

The final four days of practice before the second season of Pirelli’s Formula One tyre supply tenure begin tomorrow in Barcelona. The tyre manufacturer believes the session will be one of the most crucial tests of the season, with teams seeking to gain the best understanding possible of how the P Zero and Cinturato tyres work with their new cars before racing begins in Australia. In the long-term, Pirelli says that non-stop development means that the cars will change considerably as the season goes on. Additionally, an intriguing aspect of practice is the way teams will want not to show their full potential, and the desire not to tip their hands while finding the true potential of their cars on the new rubber is a key aspect of reading test times. Eight different drivers have recorded fastest times during the eight days of testing in Jerez and Barcelona underlining how difficult it can be to draw concrete conclusions.

29th February 2012/by Tyrepress Editors

Continental opens China winter test centre

The official opening of Continental’s new winter test centre in China’s Heilongjiang Province was held on 23 February. The Heihe-based facility, operated by the company’s Chassis & Safety Division, is located in what Conti calls a “favourable environment for cold weather testing” and is made up of a 7 million square metre lake and 30,000 square metre land area. The Heihe winter test centre is the German company’s fourth ABS and ESC test facility; the others are located in Europe, the US and Japan. The focus for activities at the centre will be testing vehicle stability in all driving conditions, especially on low friction surfaces.

28th February 2012/by Tyrepress Editors

Brityrex 2012: Ling Long to exhibit, Infinity joins Steering Group

Ling Long Tyres, distributed in the UK through LL Tyres Europe, has announced that it will exhibit at next October’s Brityrex International exhibition in Manchester’s new EventCity exhibition hall. Meanwhile, Infinity Tyres, whose Infinity brand tyres are manufactured by Ling Long manufacturer, Shandong Linglong, has joined the Steering Group for Brityrex International 2012. Infinity was responding to a request by exhibition organiser ECI and the show’s sponsor, the NTDA.

24th February 2012/by Tyrepress Editors

YHI International posts record net profit

Singaporean tyre, wheel and battery distributor and manufacturer, YHI International posted record net profits of S$41.1 million in 2011, though profit margin dwindled a percentage point on lower margins in its manufacturing business segment. The company distributes Yokohama, Nexen and Nankang tyres and Enkei, OZ and Konig wheels, among other brands, across south-east Asia. Executive chairman and Group managing director, Richard Tay said “despite the global economic uncertainties and strong competition, we have achieved excellent financial results… We are on track in executing our five-year business expansion plan (FY2011-FY2015) to grow our manufacturing and distribution businesses, and strengthen our multi-brand, multi-category and multi-product sales initiatives for all YHI’s sales offices and appointed distributors worldwide.”

24th February 2012/by Tyrepress Editors

Infinity to launch new Ecosis car tyre range

Infinity has announced plans to release a new passenger car tyre range later this year. The Ecosis product line up is said to form the basis for a new eco-friendly range, which is reportedly designed to supersede the INF 030.

According to the company, the Infinity Ecosis will be available from the second half of 2012, after the product unveiled at the company’s Infinity partners day to be held in China in May and after its makes its official European launch during the Reifen 2012 international trade show in Essen, Germany which will take place from 5-8 June 2012.

23rd February 2012/by Tyrepress Editors

Bridgestone inaugurates Taiwan Bandag plant

Bridgestone Taiwan has announced the establishment of its first Bandag retreading facility in the country. The new truck and bus radial retreading plant in the city of Taichung was officially opened on 15 February. According to an article published by the China Economic News Service the facility has been set up with an investment of NT$110 million (£2.3 million).

22nd February 2012/by Tyrepress Editors

F1 testing moves to Catalunya

Pirelli has accumulated several thousand kilometres on Spain’s Jerez circuit in private and official Formula One testing, but the Italian tyre supplier will be hoping for better weather as it moves north to the Circuit de Catalunya. A fortnight ago, varied conditions made testing a challenge, as teams try to simulate the conditions they will face when the F1 season commences in Australia on 16 March. Pirelli has announced that the P Zero White medium compound will be available alongside the P Zero Yellow soft compound, and with the weather colder than expected in Jerez, the former has proved the most popular tyre for testing. Pirelli has also nominated the P Zero White for China and Malaysia, the second and third Grands Prix respectively.

20th February 2012/by Tyrepress Editors

SMMT figures suggest car manufacturing will lead UK growth

John Leech, partner in KPMG’s automotive practice has suggested the recent upturn in UK car manufacturing could suggest that the sector will lead the country’s economy back to pre-financial crisis growth. The Society of Motor Manufacturers and Traders showed car production rising in January 2012, with 15.6 per cent more manufactured cars on January 2011. The figure comes on the back of increased demand for British-made cars in growth export markets.

17th February 2012/by Tyrepress Editors

Pirelli announces first three F1 compound allocations

Pirelli has announced the first three P Zero slick compound allocations to be taken to the opening Grands Prix of the 2012 Formula One World Championship season. In Australia and China teams will receive the P Zero White medium and the P Zero Yellow soft compounds. The P Zero Silver hard and the P Zero White medium tyre have been nominated for Malaysia.

15th February 2012/by Tyrepress Editors

Goodyear increases 2011 sales, earnings despite low Q4 volumes

The Goodyear Tire & Rubber Company has reported increased sales and earnings for the fourth quarter of 2011 and the full year. In the Europe, Middle East and Africa region the company improved on its 2010 figures, with segment operating income up to $627 million, compared to $319 million in the previous year. The company’s fourth quarter represented a slowdown in the region, shipping fewer tyre units than in 2010 – 16.9 million vs. 17.7 million – and it predicted that 2012 would be down by up to nine per cent in European consumer business, with worse predicted for the commercial original equipment market. Chairman and chief executive officer, Richard J Kramer commented on the company’s overall sales and segment operating income records by saying the company had “successfully managed a challenging economic environment.”

14th February 2012/by Tyrepress Editors

‘Support…fleet managers’, Bridgestone asks Truck Point network

Supporting truck fleet operators who are already under pressure from high fuel prices and increased competition is crucial over the next 18 months, delegates at Bridgestone’s recent Truck Point conference heard.

Just as Bridgestone is coming under greater pressure to supply tyres which help truck OE manufacturers meet their stringent European legislation on emissions, the network has a responsibility to support operators as they fight to preserve already tight margins in a tough market, according to Greg Ward, commercial sales director, Bridgestone.

14th February 2012/by Tyrepress Editors