China Archives - Page 127 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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Half of Chinese tyre makers recording YTD losses

News of falling rubber prices should be welcomed by Chinese tyre makers; the Shanghai-based Oriental Morning Post reports that 50 per cent of tyre manufacturers in China have recorded losses in the year to date as a result of continued high natural rubber prices. Most manufacturers have responded to recent high raw material costs with price increases – the China Rubber Industry Association notes that since the Chinese New Year holiday period a number of tyre makers, including Michelin, Bridgestone, and Double Coin Holdings, have raised prices by between five and eight per cent. The association adds that those who have not yet increased prices are planning to do so either in March or April.

14th March 2011/by Tyrepress Editors

Aeolus Tyre reports 50.8% drop in 2010 net profits

Aeolus Tyre posted a 50.77 per cent year-on-year drop in 2010 net profit to 153 million yuan, business news wires have reported citing a company filings. Earnings per share are said to have fallen 50.79 per cent to 0.41 yuan per share. The good news was that sales revenue rose 44.45 per cent year-on-year to 8.12 billion yuan, however this also means margins must have narrowed significantly.

14th March 2011/by Tyrepress Editors

Japan earthquake exacerbates rubber price decline

Rubber prices have been in decline of late and the earthquake and tsunami in Japan have added to this downward trend. The trading of rubber futures on the Tokyo Commodity Exchange was suspended following a 30 yen per kilogramme drop in the April-delivery contract (to 378.4 yen) while the August delivery rubber contract declined 4.5 per cent or 17.9 yen to 383.5 yen. This decline was tracked by China's benchmark rubber futures on the Shanghai Futures Exchange, which on March 14 fell by six per cent, the daily limit, to RMB 33,480 per tonne.

14th March 2011/by Tyrepress Editors

China TPMS regulations “on the drawing board”

A Taiwan based news source has reported claims by a domestic vehicle components supplier that China intends to make the fitment of tyre pressure monitoring systems mandatory on new cars. Kim Tsai, chairman of Mobiletron Electronics, aims for his firm to seize at least ten per cent of the market boosted by this policy – a market expected to create business opportunities in excess of NT$20 billion (£422 million).

11th March 2011/by Tyrepress Editors

CMA appoints new fleet, OE sales manager

The China Manufacturers Association has hired Bob O’Donnell as its new OE and fleet sales manager. O’Donnell comes to CMA with more than 38 years of industry experience, most recently with Xtra Lease and Alcoa Wheel Products.

9th March 2011/by Tyrepress Editors

CKT sale to have “no impact” on Kenda product supply

Company News, International News

Kenda USA officials say that despite Kenda Rubber’s decision to sell its ownership stake in Cooper Kenda Tire, the move is a positive for the company. At the start of March, Cooper Tire & Rubber bought out Kenda Rubber’s 50 per cent share in their joint venture passenger tyre production facility in China. According to Kenda, the plant only produced Cooper branded and Cooper associate brand passenger, 4×4 and light commercial tyres, and thus the sale “has no impact to the current supply of Kenda products.”

8th March 2011/by Tyrepress Editors

Pirelli, F1 teams return to Barcelona for further tests

The cancellation of the Bahrain Grand Prix has prompted the arrangement of an extra Formula One test session, and today Pirelli returns to Barcelona along with the 12 teams competing in this season’s championship. Tests will take place over a five-day period, with each team testing for a maximum of four days each. This test period will bring the teams’ total number of pre-season test days up to the agreed upon 15 days.

8th March 2011/by Tyrepress Editors

Tyres & Accessories to cover wheels, raw materials and diagnostic equipment in April

Tyres & Accessories magazine, produced by the team behind tyrepress.com will be covering the subjects of wheels, raw materials and diagnostic equipment in its April edition. For all enquiries relating to this magazine, email the relevant editor listed below, or theeditor@77.237.250.82. For advertising enquiries, email scott.parker@77.237.250.82. This preview, along with deadline information, can be found at the foot of the e-Newsletter, sent to over 16,000 subscribers on every business day. To subscribe to the e-Newsletter, click the "Get a Grip on Tyres" banner in the right hand column of the tyrepress.com homepage.

7th March 2011/by Tyrepress Editors

Dunlop Aircraft Tyres appointment to “strengthen Americas growth”

The world’s only specialist sircraft tyre manufacturer, Birmingham-based Dunlop Aircraft Tyres has stated that the appointment of Ken Hutchins as technical sales manager will help to strengthen the company’s reach into North and South America. Hutchins has a wealth of experience in the aviation industry, having previously worked for aircraft wheels and brakes companies Goodrich and Messier-Bugatti. Based in Houston, Texas, and reporting to Dunlop Aircraft Tyres’ sales and marketing director David Skepper, Hutchins will drive sales of the company’s products throughout North America and the fast-expanding South American markets.

7th March 2011/by Tyrepress Editors

Giti reassures consumers on Reach compliance

While the European Tyre and Rubber Manufacturers’ Association’s study into the presence of ‘high PAH’ oils in tyres sold within Europe revealed all that all non-complying tyres were manufactured in China, the ETRMA made it clear that Chinese manufacture was in no way synonymous with Reach regulation non-compliance. Giti Tire Europe, whose GT Radial brand is produced in China, has also addressed potential uncertainty that may arise over the status of its products.

7th March 2011/by Tyrepress Editors

Goodyear Blimp to promote European road safety

Goodyear’s brand event in Seville earlier this year (a report will be published in March’s Tyres & Accessories) saw the company talking up a safety message through its promotion of its new Eagle F1 Asymmetric 2 and UltraGrip 8 tyres, but the company plans to do more than provide increased safety features through its products. European brand director Hugues Despres announced that “the Goodyear Blimp will take the lead on a number of road safety initiatives as it becomes the focal point for Goodyear’s consumer based activities and events.” This will be the Blimp’s first return to Europe for over 10 years, embarking on the 2011 Goodyear Safety Tour.

4th March 2011/by Tyrepress Editors

Van den Ban – ready for the next 40 years

In August 2009 Dutch wholesaler Van den Ban Autobanden opened its new ‘Logistic Tyre Centre’ in the town of Hellevoetsluis. Those seeking a detailed description of the hi-tech warehouse facility can find it in the March 2010 edition of Tyres & Accessories, yet it is definitely worth mentioning that the material handling system used is without parallel in the tyre industry and enables the fully automated and mechanised internal transport, sorting and order picking of all tyres housed within the 24,000 square metre building; last year it smoothly dispatched more than 5,0 million tyres to customers throughout the region. Back when the centre opened, construction work on Van den Ban’s new administrative headquarters was underway on an adjacent greenfield site; last October this new head office building officially opened, marking the conclusion of Van den Ban’s two-stage expansion project. The wholesaler says it is now fully equipped to take on the ever evolving market and any challenges it may bring.

4th March 2011/by Tyrepress Editors

Cooper acquires 100% share in Kunshan JV operation

By mid-March Cooper Tire & Rubber should be the proud 100 per cent owner of Cooper Kenda Tire. Upon finalisation of the US$116.5 million transaction the former 50 per cent Cooper owned joint venture operation will be renamed Cooper Kunshan Tire (contingent to government approval) in recognition of the city in China where it is headquartered. According to Cooper Tire, the transaction should be completed by March 15 through a wholly-owned company subsidiary.

4th March 2011/by Tyrepress Editors

ISO 14001 certification, factory expansion for VMI Yantai

VMI Yantai has received its second ISO certification within the last 12 months following its certification according to ISO 14001 by Lloyds Register Company. The Chinese subsidiary of Dutch tyre and rubber machinery manufacturer VMI Holland BV notes that both certifications were achieved “in close cooperation” between VMI Yantai, VMI Holland and parent company TKH Group NV. “TKH takes its Corporate Social Responsibility very seriously,” reports a VMI Holland press statement. “VMI Yantai is also well aware of its social duty and has made corporate social responsibility one of its strategic priorities for the coming years.”

3rd March 2011/by Tyrepress Editors

Deldo ready for the coming year

We’ve just emerged from a season that saw winter tyre sales go through the roof, and the word from many within the wholesale and retail industry is that if you couldn’t make a profit selling tyres during the winter of 2010/11, you really should find yourself a new vocation. Belgium based wholesaler Deldo Autobanden N.V. needn’t worry; it says that the winter season and 2010 in general was “very good” for the company – and not just because of its strong winter tyre sales. When speaking with Tyres & Accessories, Deldo international sales and marketing manager Rutger Veerman shared that last year the wholesaler built upon a recent pattern of growth, and is continuing to do so.

3rd March 2011/by Tyrepress Editors