China Archives - Page 120 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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Keyuan, Hangzhou Zhongce to collaborate on SSBR development

Ningbo, China-based petrochemical manufacturer Keyuan Petrochemicals reports entering into an agreement with the Hangzhou Zhongce Rubber Company to jointly develop commercial applications for Solution Polymerisation Styrene Butadiene Rubber (SSBR). The formal agreement was signed on June 28 and under its terms researchers from both companies will work together on SSBR projects over the coming few years. Both firms will share the rights to products and technologies developed from this cooperation. Keyuan Petrochemicals states that any successfully developed SSBR will be manufactured within the Styrene-Butadiene-Styrene (SBS) facility it is currently building. This Ningbo, Zhejiang Province plant is expected to be complete at the end of 2011.

29th June 2011/by Tyrepress Editors

Smithers Rapra's new VP North American operations

Smithers Rapra has appointed Rikki Lamba as vice president of North American operations. Prior to Smithers, Dr. Lamba worked for Excel Polymers LLC, a global supplier of custom elastomeric solutions with operations in the US, Mexico, the UK and China. Prior to Excel he was vice president of technology at Columbian Chemicals.

29th June 2011/by Tyrepress Editors

Sailun raises 1 billion yuan in IPO

Roughly a month ago Sailun’s corporate headquarters embarked on an initial public offering (IPO) of A shares, which is said to have raised around 1 billion yuan at the stock exchange. 98 million shares have been sold at around US$1 each, meaning the company now has access to three-digit millions for capital expenditure.

28th June 2011/by Tyrepress Editors

SMMT broadcasts automotive summit across Internet

Senior figures from across the automotive industry are meeting for the annual SMMT International Automotive Summit in Westminster today, which is being broadcast live across the Internet. The industry has had a major boost in recent weeks with huge investments announced by BMW and Nissan, but is the wider industry able to secure similar funding? For our part, Tyres & Accessories has lodged a question about the effect of the Longbridge revival and the UK’s relationship with China on the tyre trade, which we will report on as and when this is answered.

28th June 2011/by Tyrepress Editors

ANRPC: no revisions to 9.936 million tonne 2011 supply estimate

As of June 24, 2011, the Association of Natural Rubber Producing Countries has clarified that it expects a 4.9 per cent rise in the total supply of natural rubber for 2011. The Association estimated that 9.936 million tonnes will be produced this year. It issued a statement to rebuff reports that the ANRPC has quoted different figures.

27th June 2011/by Tyrepress Editors

Boto Tyre gives update on factory progress

Following the news in April 2009 that Shandong Wanda Boto Tyre Co., Ltd., was to build a passenger car production facility nearby its existing tyre manufacturing complex in China, company representatives have given a update of the construction process. Speaking to Tyres & Accessories back then, company representatives explained how, despite the ongoing economic downturn, Boto Tyre was planning to build a 15 million passenger car radial a year plant. Around 1 billion yuan was said to have been earmarked for the expansion work.

27th June 2011/by Tyrepress Editors

Three-stop strategy king in Valencia as Vettel reaffirms front-runner status

The Grand Prix of Europe in Valencia presented an unusually prosaic Formula One meeting, with each of the top seven drivers opting for very similar tyre strategies, saving the debuting PZero White for only their final stint. Despite a challenging track temperature of 47 degrees, both PZero tyre compounds showed strong durability, with a relatively limited degree of degradation. World Championship leader Sebastian Vettel claimed his sixth win of the year’s eight races, followed home by Ferrari’s Fernando Alonso and Red Bull teammate Mark Webber. Vettel also set the fastest lap.

27th June 2011/by Tyrepress Editors

SAIC ‘in pole position’ to buy Opel

Industry analysts have suggested that Chinese OEM Shanghai Automotive Industry Corporation (SAIC) is in pole position to purchase GM’s Opel European operations. If the speculation that a large Chinese OEM is in position to purchase such a large European firm turns out to be correct, it also raises questions about what such a trend might mean for the tyre industry.

23rd June 2011/by Tyrepress Editors

Trelleborg inaugurates Chinese automotive R&D centre

In addition to producing agricultural tyres in China, Swedish manufacturer Trelleborg is engaged in a number of automotive and other sectors. The company counts China as one of its most important individual geographic markets, with net sales there amounting to nearly SEK 1 billion (£97 million) in 2010. Trelleborg operates six wholly-owned production plants in China; the company has now expanded its presence there through the opening of a research and development centre in Shanghai that specialises in offering state-of-the-art technology primarily for noise and vibration-damping brake solutions for passenger vehicles.

23rd June 2011/by Tyrepress Editors

Carlyle Group confirms it's buying RAC from Aviva for £1 billion

The Carlyle Group (an asset management firm) has confirmed that it has reached an agreement to acquire RAC Limited from Aviva plc for £1 billion. The deal is subject to regulatory approval, but is expected to complete by the end of the third quarter of 2011. Moving forward Carlyle’s strategic involvement appears to centre on the access to “additional capital for future investment” it can provide for expansion into other areas of motor service amongst other things. And the intention appears to be to expand “in the area of the motor services market.” Aviva bought RAC for £1.1 billion in 2005.

23rd June 2011/by Tyrepress Editors

Double Coin OE on Landoll trailer range

The China Manufacturers Alliance has gained an OE position with Kansas-based manufacturer Landoll Corporation to supply all Landoll trailer models with Double Coin medium truck radials. Standard tyres to be fitted on Landoll’s trailer models include the Double Coin RT500 in sizes 10R17.5, 255/70R22.5, and 235/75R17.5.

23rd June 2011/by Tyrepress Editors

Nasdaq rejects ShengdaTech delisting appeal

A request for continued listing on the Nasdaq submitted by nano-precipitated calcium carbonate manufacturer ShengdaTech, Inc. has been turned down. According to the Nasdaq Listing Qualifications Panel determination, the Nasdaq trading of shares in the China-based company was suspended as of the opening of business on June 10, pending the formal delisting of the company's securities from the exchange. As a result the ShengdaTech’s common stock commenced trading on the over-the-counter market at the opening of trading on June 10, 2011. ShengdaTech says it intends to appeal the Panel's determination to the Nasdaq Listing and Hearing Review Council.

23rd June 2011/by Tyrepress Editors

Stamford Tyres reports full year 2011 earnings up 41.4 per cent

Stamford Tyres Corporation Limited has announced that its net profits for the year ended 30 April 2011 jumped 41.4 per cent to S$13.3 million off the back of “better sales mix of high performance tyres and earthmover tyres.” According to the company, this combination of high value items “offset rising tyre costs,” while the company’s business in the South Africa, North Asia and South East Asian markets are said to have put in strong sales performances.

22nd June 2011/by Tyrepress Editors

Aromatic oils eliminated from Aeolus TBR production

China’s Aeolus Tyre reports the phasing out of aromatic oil in the production of its truck and bus radial tyres. The Henan province-based manufacturer says that as of May 2011 it has ceased using the rubber accelerator NOBS, curing agent DTDM and antioxidants in the manufacture of TBR tyres intended for the domestic market; tyres intended for export markets have been produced using environmentally-friendly oils for more than two years now. In announcing its total changeover to low-PAH (polycyclic aromatic hydrocarbon) substances, Aeolus Tyre states it the first 100 per cent environmentally-friendly TBR tyre manufacturer in China.

20th June 2011/by Tyrepress Editors

Conti merger an opportunity to rectify past mistakes

The longest-serving Continental AG board member, Hans-Joachim Nikolin (55), leaves the company’s Executive Board at the end of July and its youngest member, Nikolai Setzer (40), will take over a combined tyre business and thus lead the company’s most successful and currently highest turnover-generating division. The company’s business unit structure has decreased at a management level to adapt with future requirements and now benefits the previously independently-led truck tyre division, which in many past years failed to meet expectations and suffered under the griping of Nikolin’s fellow board members Wennemer and Hippe. During that time, numerous threats were allegedly made to sell off the entire commercial vehicle tyre division should it prove unable to rapidly achieve an EBIT margin of or near double figures. Such threats placed Dr. Hans-Joachim in a very helpless position as yield-hungry analysts could have all too easily interpreted them as promises.

16th June 2011/by Tyrepress Editors