China Archives - Page 226 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.

Posts

Two MNA Facilities Receive Parent Honors

(Akron/Tire Review) Two Michelin North America (MNA) facilities recently received honors for their safety records. Michelin Americas Research and Development Corp., based in Greenville, S.C., and MNA’s Michelin Retread Technologies Inc. (MRTI) tread pressing plant in Covington, Ga., received the Michelin Achievement in Safety Award for 2004.

According to Groupe Michelin, its Michelin Achievement in Safety Award recognises company facilities that “show continued and outstanding improvement in safety for the year.” In addition to the MNA facilities being honored, Groupe Michelin also presented awards to facilities in France, Thailand, Mexico, France, Romania, the United Kingdom, China, Germany, Brazil and Nigeria.

24th May 2005/by Tyrepress Editors

Toyo Increases Production at Kuwana Plant

Toyo Tire & Rubber Co., Ltd is to increase the volume of passenger car and light truck tyres produced at the company’s Kuwana Plant by approximately 1,000,000 units and 120,000 units a year, respectively, by the end of 2005. The company plans to invest 2.8 billion yen in this expansion of production, designed to address flourishing demand in overseas markets.

Toyo is also working to build a manufacturing base in North America, raise the production capacity of a joint-venture plant in China, and launch another joint-venture plant for truck and bus tyres in China. The increase in output at the Kuwana plant is said to be part of this ongoing effort.

20th May 2005/by Tyrepress Editors

Inside Look at China’s Automotive Market

(Akron/Tire Review) Special Report by Amy Antenora of AMN

Over the past few years, global competition in the automotive industry has significantly heated up. Wayne Xing, editor and publisher of China Business Update, addressed the country of particular Interest, during a presentation at the 2005 Global Automotive Aftermarket Symposium (GAAS).

GAAS was held this week in Chicago.

In recent years, China’s automotive industry has exploded as the country’s infrastructure and economy have begun to allow for and create increased interest in passenger cars. It took China 40 years to produce 1 million automobiles, from 1953 to 1992. Today, however, the Chinese vehicle market is expanding at an ever-increasing clip. It is estimated that this year, China will surpass 6 million vehicles produced.

16th May 2005/by Tyrepress Editors

Bosch Increases Investment in China

Bosch is to open a new development and technology centre in China as part of its 500 million euro investment planned for the Chinese market over the next three years. The facility will be located at Suzhou approximately 80km west of Shanghai and will cost 50 million euros.

The new technology centre will employ around 220 employees and will extend over of some 200,000 sq metres of space. It will concentrate on automotive electronics and brake systems.

16th May 2005/by Tyrepress Editors

Shareholders Move to Ditch Directors

(Akron/Tire Review) According to a report by Queensland Newspapers, Bridgestone Australia shareholders failed in a bid to oust members of the company’s board of directors at the firm’s annual meeting 9 May. Meanwhile, Bridgestone Australia chairman and CEO Makio Ohashi told shareholders that the financial situation wasn’t going to get better, warning of continued lower profits because of escalating raw materials costs and competition from imports.

13th May 2005/by Tyrepress Editors

Chinese Tyre & Rubber Exhibition Goes Annual

Tyres & RubberTech China was first staged in 1998 and has been held every other year. Now, in response to demand from exhibitors and visitors, it has been decided to stage the show annually and the next event will take place in Shanghai from 9 – 11 November. The organisers estimate that the 2005 show will cover 10,000 square metres.

9th May 2005/by Tyrepress Editors

Economic Growth in Europe Hampered by Oil Prices, Report Says

(Akron/Tire Review – courtesy of China Daily) Manufacturing in the dozen countries sharing the euro declined for the first time in almost two years in April, adding to signs that record oil prices are dampening economic growth.

An index based on a survey of about 3,000 purchasing managers compiled by NTC Research Ltd. for Reuters Group Plc fell to 49.2 from 50.4 in March, according to figures available on the Internet yesterday. Economists forecast a decline to 49.8, the median of 35 forecasts in a Bloomberg survey showed. The index hadn’t dropped below 50 since August 2003, something that is indicative of contraction.

5th May 2005/by Tyrepress Editors

India: The Fastest Growing Car Producer in the World

(India/Rubber Asia) In 2004 India recorded the fastest growth among the top 15 passenger car producing countries in the world, according to the Paris-based International Organisation of Motor Vehicle Manufacturers (OICA). As per the OICA’s latest rankings, India’s car production grew 30 per cent in 2004. Brazil came second with 17 per cent growth. What’s more, India is just a step away from being one of the 10 largest automobile producers in the world. The country jumped up two places to 11th.

29th April 2005/by Tyrepress Editors

Federal Announces Record Shipments in March

(Akron/Tire Review) Federal reported that it has achieved a new record for shipments in March. Total shipment value from the company’s Taiwan factory reached $11million, according to Federal.

28th April 2005/by Tyrepress Editors

Bridgestone to Build Fourth Tyre Plant in China

(Akron/Tire Review) Bridgestone Corporation is planning to invest about $300 million in the construction of a fourth tyre plant in China, the company recently announced.

28th April 2005/by Tyrepress Editors

Lin Rejoins Federal as Sales and Marketing VP

(Akron/Tire Review) Federal Tire Co. has appointed Henry Lin as vice president of sales and marketing. Mr Lin had previously worked for Federal before leaving and then formally rejoining the company in March.

27th April 2005/by Tyrepress Editors

Enhancing a Global Position

The last year has been eventful for Cooper Tire & Rubber. First the company sold its Cooper Standard business, then it bought an 11 per cent stake in Korean manufacturer Kumho Tire, now the company’s management is optimistic that it is “in the middle of a transformation.” Tire Review’s Jim Smith met Cooper president and CEO, Tom Dattilo, and found out his thoughts on the diverse diverse subjects of emerging markets, run-flat technology and how Cooper can enhance its position as a global player.

26th April 2005/by Tyrepress Editors

Shell Joins Shanghai Automotive in Chinese Maintenance JV

(Akron/Tire Review) The Royal Dutch/Shell Group said it has teamed up with Shanghai Automotive Group Co to launch a car maintenance service for motorists in China. The 50-50 joint venture, called Anji Jiffy Lube Automotive Services Co Ltd, will build a network of fast lube service outlets modeled on the Jiffy Lube chain in the US.

It will invest around $23 million for the project, which will initially involve 10 pilot outlets in Shanghai within the first year of operation. Anji Jiffy is targeting to open more than 600 branches by 2015 in China, which currently has around 23 million vehicles on the road. In terms of new car sales each year, China is now the third largest in the world, after the US and Japan.

26th April 2005/by Tyrepress Editors

Wheel Manufacturing in the UK

International News, News, Product News, UK News

It would be something of an understatement to say that high raw material costs, the weak dollar and unprecedented competition from the Far East is affecting UK alloy wheel manufacturing. But, in the cases of the selection of companies that Tyres & Accessories spoke to, it is more a question of ingenuity triumphing over adversity. So, in the face of such pressing circumstances, how are UK manufacturers holding firm? Work smarter, not necessarily harder, they say.

25th April 2005/by Tyrepress Editors

Cheap Imports and High Costs Forces Indian Tyre Firms to Downsize

(India/Rubber Asia) Cheap imports from China and to a lesser extent from Thailand and South Korea, coupled with rising raw material costs are posing a serious challenge to the Indian tyre industry, Apollo Tyres chief operating officer Mr Neeraj Kanwar has said.

25th April 2005/by Tyrepress Editors