China Archives - Page 137 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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Kumho ‘Looking Positively’ Towards Next 50 Years

On September 1 the management and staff of Kumho Tire Inc., along with important customers and partners, celebrated the company’s fiftieth anniversary at its headquarters in Seoul and its parent facility in Gwangju. “We look back with pride over the past fifty years and the successful development of Kumho Tires and based upon this look positively towards the future and the and the successful accomplishment of the next fifty years,” Kumho Tires CEO stated Kim Jong-Ho during the celebrations at the Gwangju facility. He thanked all employees for their loyalty to Kumho Tires during both good and bad times.

8th September 2010/by Tyrepress Editors

Dirk Reurslag Appointed VMI Vice President Sales & Projects

Dirk Reurslag was appointed as the new vice president sales and projects of VMI effective 16 August 2010. He succeeds Harm Voortman, who has recently been appointed as CEO of the VMI Group.

3rd September 2010/by Tyrepress Editors

Infinity and Bond Launch Retail Rebate Scheme

Infinity Tyres (Europe) and the authorised UK distributor of the brand’s PCR tyres Bond International have announced the launch of their new initiative to support UK customers. The Infinity Club began on 1 September and is aimed at rewarding top independent tyre dealers for their purchases of Infinity PCR tyres through Bond International. The Infinity Club – available by invitation only – will offer a monthly volume-based rebate scheme to participating dealers. The rebate will be based on net invoice values and will be paid directly to the dealer.

2nd September 2010/by Tyrepress Editors

Tariffs, Regulations on Agenda at Fourth Reifen China

Since 2007 the world’s biggest tyre industry show, Reifen has had an annually-held Chinese twin event named Reifen China. 25-27 November, 2010 sees the fourth “Asian Essen Tyre Show” taking place at the Shanghai New International Expo Center in Pudong, Shanghai in a joint-organised event between the China United Rubber Corporation and Messe Essen, the latter coming off the back of another successful Reifen expo in Germany back in June (see Tyres & Accessories, July 2010). As always, Reifen China will be held in parallel with the latest Rubber Tech event and cover manufacturers, distributors, repair shops, recycling, waste disposal and retreading in relation to the Chinese and wider Asian market. A programme of technical seminars will run concurrently, with past subjects including tyre proving and testing, retreading trends and tariffs imposed on exported Chinese products.

1st September 2010/by Tyrepress Editors

Maxxis To Build Further Tyre Plant in Xiamen, China

Maxxis International, which is owned by Cheng Shin Rubber has announced that it is to build a new production facility in Xiamen on China’s south east coast, where it already operates two successful factories. The announcement follows the news that the company will build a new plant in Chong Qing, south west China within a similar timeframe.

31st August 2010/by Tyrepress Editors

Chinese Tyre Makers to Benefit from Keyuan SBS Facility

Chinese petrochemical product manufacturer Keyuan Petrochemicals reports it entered into land use right transfer agreements with local government agencies on August 18. Following their approval, the company will instigate plans for expansion on an 111,500 square metre site adjacent to its existing plant in Ningbo, Zhejiang province. In addition to building a storage and several manufacturing facilities as originally planned, the company has now announced it also intends to establish a Styrene-Butadiene-Styrene (SBS) production plant on the site. Work will begin in the third quarter of 2010.

27th August 2010/by Tyrepress Editors

US Business Group Urges Obama to Get Facts on China Tyre Tariff

Almost a year has passed since the United States imposed a tariff upon consumer tyres imported from China. This tariff, which in its first 12 months added 35 per cent to the existing four per cent import duty, has been applauded in some quarters. United Steelworkers international president Leo W. Gerard, for example, stated in an April 2010 letter to US President Obama that “the domestic industry is, in fact, continuing to make good progress in recovering from the near fatal blow caused by the market disruption from a surge in Chinese consumer tyre imports.” Yet such opinions are not universal. As the tariff’s first anniversary approaches, the US-China Business Council (USCBC) has also drafted its own letter to the President, in which it states it “has found no evidence that the tariffs on low-end Chinese tyres have had a positive effect on American jobs, and we suspect the tariffs have had an overall negative economic impact on American consumers.”

26th August 2010/by Tyrepress Editors

Independent Hails Labelling as “Bright New Future for the Tyre”

The Independent newspaper has hailed the forthcoming 2012 labelling legislation saying “drivers will soon be able to make a much more informed choice when buying tyres – and the product should be better too.”

Asking the question “how did you choose your last set of tyres?” the report, written by the Independent’s David Wilkins pragmatically suggests “the chances are that you simply asked for the cheapest option or told the garage to fit tyres of the same brand and type as those being replaced” and confesses “The truth is that most of us lack the knowledge to make informed choices about the subject.”

25th August 2010/by Tyrepress Editors

Maxxis to Erect China Plant

Maxxis International announces it will expand its production capabilities through the development of a new plant in Chong Qing, southwest China. The first phase of the new facility will be finished next year and once the final phase is complete the factory will produce 30,000 car tyres a day. In terms of design and specification the new Chong Qing plant will utilise the Rayong Province, Thailand blueprint. Maxxis comments that this facility has proven to be extremely successful since it came on stream in 2004.

23rd August 2010/by Tyrepress Editors

Maxxis Rewards Retailers with Vouchers

Following the second Maxxis Rewards quarterly prize draw of 2010, 13 tyre retailers have each won either M&S or High Street vouchers to the value of £250. All Tyres Fitted, Craven Arms Tyre Services, Easy Car Care, Farmer Autocare, George Fegan Tyres, JR Motors Ltd, NL Autos, Northwich Tyre and Autocare, Quick Fix, Roper’s Farnborough Ltd, Sutton Service Centre Ltd, W W Wheels & Tyres and G Williamson (Garages) Ltd were all winners in the quarterly prize draw. Entries into the draw were based on their purchases of Maxxis car, van and 4×4 tyres and the winners were presented with their prizes by their local Grouptyre member.

20th August 2010/by Tyrepress Editors

Interview: Retreading Key to Dunlop Aircraft Tyres Global Expansion

In its centenary year, Dunlop Aircraft Tyres is part of the way through an expansion plan designed to double the size of the company in terms of new tyres made. With a view to achieving this, the company has set up a joint venture in China with the Hong Kong Aircraft Engineering Company, named Dunlop Taikoo. Before the recession hit the world’s economies, Dunlop AT had planned to set up a similar facility to cater to the North American market; plans that are still very much at the forefront of the current expansion strategy. It has also recently purchased tyre-making and testing equipment from Yokohama Rubber following the Japanese manufacturer’s decision to withdraw from aircraft tyre production at the end of March 2009. The purchase and installation of the equipment at Dunlop’s Fort Dunlop plant has enabled the Birmingham-based company almost immediate access to the Boeing 777 market for example, an aircraft used heavily in domestic flights.

17th August 2010/by Andrew

Giti Tire USA Presents Debut Product Demonstration

Giti Tire USA certainly made a lasting impression with its very first product demonstration event in North America – blistering track speeds on a blistering hot day in Arizona, reports Tire Review. The company unveiled its new Champiro HPY ultra-high performance line at Firebird International Raceway, where air temperatures hovered around 106˚F and track asphalt temps were measured at 160˚F-plus. And based on the response of dealers and media attending the event and putting the new radial through its paces, the Champiro HPY lived up to its billing. Even after three lengthy road course driving sessions, the HPYs on a collection of BMW and Mercedes models showed no ill effects and none of edge feathering one would expect under such extreme conditions.

12th August 2010/by Tyrepress Editors

Indonesia Increasingly Attractive to Hankook

Financial news sources reporting on the rising wage demands of China are suggesting that South Korean companies, including tyre-maker Hankook, are gravitating towards Indonesia on the back of increasing stability in the country. Kang Chang-hwan, the company’s Finance and Management executive vice president in South Korea, told reporters “We are now looking to get the necessary regulatory approval from the Indonesian authorities to go ahead with the plant though the site has yet to be decided,” following a meeting with investors after Hankook published its second quarter financial results.

12th August 2010/by Tyrepress Editors

Despite Challenges, Bridgestone Rides Recovery in H1 2010

For Bridgestone, the first half of the 2010 financial year presented an operating environment “plagued by rising prices for raw materials.” Yet, despite these challenges, the Japanese tyre maker saw signs of a slight recovery in its domestic market plus a gradual recovery in the US and accelerated recovery in Asia and particularly in China. Bridgestone acknowledges that conditions in Europe remain “challenging”, but notes that the business climate there showed signs of bottoming out. In these operating conditions, Bridgestone states that during the six months to June 30, 2010 it stepped up efforts to improve manufacturing productivity, increase sales of highly competitive products, strengthen supply capacity and effectively utilise its management resources.

6th August 2010/by Tyrepress Editors

Hankook on Track to Achieve Planned European Market Growth

During the second quarter of 2010 Hankook Tire’s sales in Europe put the tyre maker in a good position to achieve its growth goals within the region. Year-on-year growth in the three months to June 30 was 17.8 per cent, with sales of products from its Dunaújváros plant in Hungary increasing 20.3 per cent year-on-year following a 17 per cent year-on-year growth in the first quarter.

3rd August 2010/by Tyrepress Editors