China Archives - Page 109 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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Bosch to buy SPX Service Solutions in US$1 billion deal

Bosch’s Automotive Aftermarket division has agreed to buy the Service Solutions business of SPX Corporation, headquartered in Charlotte, North Carolina. The deal, valued by the company at 1.15 billion dollars (roughly 883 million euros), was signed in New York City on 23 January 2012. SPX Service Solutions develops, manufactures and sells diagnostic and service tools, workshop equipment, and software for the global automotive aftermarket. The deal follows Bosch's earlier takeover of Taiwan-based Unipoint, which supplies starters and alternators, and a series of management personnel appointments in the UK.

24th January 2012/by Tyrepress Editors

Expansion planned for Korean tread black facility

A fifth production unit for producing tyre tread blacks is to be added Orion Engineered Carbons’ facility in Yeosu, South Korea. The new unit will increase the plant’s annual output by 36 tonnes to a total of 188 tonnes. The project is expected to be complete in May 2013. According to Dietmar Balschukat, Orion's Asia-Pacific region general manager, the fifth unit will also produce carbon blacks for export, particularly to Japan and China.

24th January 2012/by Tyrepress Editors

US garage equipment manufacturer finds Asian export partner

Tyre changer, wheel balancer and lift manufacturer, Hennessy Industries has formed a partnership with Hockman-Lewis Ltd., an international export management company, to handle sales and marketing of its Coats, Ammco and Bada branded products throughout Southeast Asia and the Pacific Rim, Tire Review reports.The new partnership represents a commitment to capitalising on the increasing demand for automotive service equipment in those markets, said Hennessy.

19th January 2012/by Tyrepress Editors

Indian tyre market turned over £3.8b last year, states MRF

In its recently released annual report for the 2010-11 financial year, MRF Tyres estimates the entire Indian tyre industry’s annual turnover as being Rs 300,000 million (£3.8 billion), with exports accounting for Rs 36,000 (£455.8 million) of this. MRF states that during the year to the end of September 2011 an estimated 119.2 million tyres were produced in India by 39 tyre companies; the ten largest of these produced 95 per cent of this these.

19th January 2012/by Tyrepress Editors

Taiwan's tyremakers seek growth in China

According to CENS, growing demand for car tyres in China is expected to continue soaring, and Taiwanese tyre-makers are ready to take advantage of the opportunity. For example, Cheng Shin expects to see 10 to 20 per cent revenue growth this year, according to some institutional investors said. Other tyre-makers Kenda Rubber Industrial Co., Nankang Rubber Tire Corp., Hwa Fong Rubber Ind., Ltd. and Federal Tire Corp., are also looking at increased business in China.

18th January 2012/by Tyrepress Editors

Reifen to host innovation awards in June

Reifen 2012 at Messe Essen on between 5 and 8 June next year will once again honour pioneering solutions with its bi-annual innovation awards. Messe Essen and German tyre association BRV will honour particularly pioneering products and services and are now calling for nominations.

17th January 2012/by Tyrepress Editors

Bosch completes Unipoint takeover

Following approval from antitrust authorities, the Bosch Automotive Aftermarket division has completed its takeover of Taiwan’s Unipoint Group. The parties involved in the transaction have agreed not to disclose the purchase price and report that both existing Unipoint brands – Unipoint and NSA – will be retained by Bosch.

16th January 2012/by Tyrepress Editors

Chinese OEMs aiming for UK debut in 2012

With the first Chinese brand models set for sale in the UK and various European markets by the end of 2012, Chinese tyre manufacturers with OE-supply deals in their homeland could begin to see a very small amount of pull-through.

While some Chinese cars such as the Shanghai Automotive-owned MG brand are already driving on British roads under local monikers, Geely Automobile Holdings Ltd’s Emgrand EC7 family hatchback and saloon will be something of a first when it goes on sale in the UK. Geely, which is currently mid-way through a UK dealer recruitment programme targeting 40 dealers, appears to be trying to do what Hyundai and Kia have done in recent years and build a position quickly from scratch by offering “good quality, really good value for money and a long warranty.”

13th January 2012/by Tyrepress Editors

Open for business: T&A tours Triangle HQ and manufacturing base

International News

Although six of the world’s top 20 largest tyre manufacturers are located in China and/or Taiwan, and despite the fact that all of these have global ambitions, for the most part these companies are still developing their positions in international markets. Likewise while reams have been written about the top names and more recently there has been increased coverage of the activities of the Korean bloc (Hankook, Kumho and Nexen), far less detail is reported about the leading Chinese players. It has to be said that this is partly because of the media’s gravitation towards well-known names but is also because – and this is something of a generalisation – Chinese manufacturers don’t have the best reputation when it comes to international communications.

12th January 2012/by Tyrepress Editors

Falken Tyre Europe corporate planning director

Yukio Yoshida (44) has been named corporate planning director for Falken Tyre Europe, replacing Satoru Ushida, who is returning to Japan. Yoshida has held numerous posts with Falken's parent Sumitomo group since joining them in 1990, the most recent of which was sales manager for the Asian region, which includes China and Oceania.

12th January 2012/by Tyrepress Editors

Despite tsunami, Yokohama ready for next phase of ‘GD 100’ in 2012

Yasushi Tanaka, who took over as president and CEO of Yokohama Tire Corporation in July 2011, reports that parent company Yokohama Rubber is ready to commence the third phase of its ‘Grand Design 100’ plan this year, a plan he is credit as being co-architect and co-founder of. This penultimate phase is scheduled to be acted upon until 2015, when the fourth and final phase will come into effect and be carried out over a two-year period before concluding in time for the company’s centenary in 2017.

10th January 2012/by Tyrepress Editors

Toyama – Japanese firm producing in China

Another new name to Tyres & Accessories was Toyama Tyre Corp., Ltd., a company that reportedly runs its own factory in Shandong Province’s rubber city, Qingdao. The leadership of the business is said to have moved to China after having originally established itself as Japanese entity. In fact the company takes it moniker from the Japanese city of the same name.

10th January 2012/by Tyrepress Editors

Daree makes its debut

One particular newcomer at last year’s Reifen China, was Anhui Daree Rubber Corporation Ltd. Eager to find out more about the largest of this year’s show debutants, Tyres & Accessories spoke to JoJo Zhao and Vicky Shaw of the company’s global trade department and Lydia Cheung from the Daree’s sales department.

Formed in June 2010, Daree Rubber is a subsidiary operation of the Daree petrochemical group Daree Enterprise Group owned by Bajie Hua and is located in SanShan District, Wuhu City, Anhui Province. Like many newcomers before it, the business has ambitious plans to produce millions of truck and bus radial tyres within two years of formation, followed by the addition of passenger car radials to the range later in 2012 – all under the snappy motto of “pursuit to be perfect.”

10th January 2012/by Tyrepress Editors

2011 a record year for Rolls-Royce

We are told that we are living in an age of austerity and belt-tightening, but this has not stopped Rolls-Royce Motor Cars announcing that 2011 was a record year for sales of the luxury marque. 3,538 cars were sold globally during the year, a 31per cent increase on the 2010 total of 2,711 cars. The figure represents the best sales result in the company's 107-year history; the previous record of 3,347 cars having been set in 1978 during the Silver Shadow II era.

10th January 2012/by Tyrepress Editors

VW sales pass eight million

Good news from the Volkswagen Group at the Detroit Motor Show, when it announced that global vehicle sales rose above 8m for the first time last year, passing Toyota and moving closer to expected number one General Motors.

10th January 2012/by Tyrepress Editors