China Archives - Page 232 of 241 - 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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Cabot to Build Chinese Carbon Black Plant

Cabot Corporation has announced it will build a carbon black plant with joint venture partner Shanghai Coking and Chemical Company to build a carbon black plant in Tianjin, China. The first production unit is scheduled to begin production in early 2006, with a capacity of 50,000 tonnes. The company plans to expand the plant’s production capacity later the same year.

“We are pleased with this expansion of our partnership with Shanghai Coking and Chemical Company and to be working with the Tianjin Economic and Technological Development Area to build a world class carbon black facility. We have confidence that this expanded capacity will position us well to supply the growing China market,” said William J Brady, executive vice president and general manager, Carbon Black.

15th November 2004/by Tyrepress Editors

Pirelli Announces Improved Figures and New Investments

Pirelli has released results for the first three quarters of 2004 showing a 262 million euro increase in group net income year-on-year. The results also show that its net financial position is -1.9 billion euros. At the same time Pirelli gave details of a Chinese joint venture, a Romanian steel cord plant and three new MIRS plants, together worth 400 million euros.

12th November 2004/by Tyrepress Editors

Emerging From The Haze

China’s rich culture and long history make it one of the most fascinating and legendary countries in the world. After a few days of travelling in China, the differences between east and west become obvious. Some things are similar to what we experience in our everyday lives in Europe, other things are vastly different. One fact is apparent, there is a Great Wall of China sized gap in Western countries’ understanding of this enormous nation. Subscribers to Tyres & Accessories can read online or download the supplement by clicking "more."

12th November 2004/by Tyrepress Editors

Bekaert Expects Double Digit Growth for 2004

Bekaert sustained its sales growth across all business segments in the third quarter. However, after making further efforts to manage unpredictable raw material markets, sales prices inevitably grew.

In the first nine months of 2004, Bekaert achieved an increase in consolidated and combined sales of 19 per cent and 17 per cent respectively (1)(2). The consolidated sales’ increase was 20 per cent from organic growth and three per cent from the net movement in acquisitions and divestments, while adverse currency movements amounted to four per cent.

9th November 2004/by Tyrepress Editors

Cooper to Supply New Motorsport Series

Cooper will supply the A1 Grand Prix, a new FIA approved motorsport series, which will begin in September 2005. The three-year agreement requires Cooper to produce slicks and treaded rain tyres for the series championship, which the company describes as “the World Cup of motorsport.”

8th November 2004/by Tyrepress Editors

Bridgestone’s Financial Results

Bridgestone has released its unaudited consolidated business and financial results for the first three quarters of the present fiscal year ending 30 September. In its tyre segment it recorded operating income of $983 million on sales of $12.6 billion. The manufacturer claims “strong sales supported by surging demand, mainly in markets outside Japan, offset the effect of rising raw materials costs on profitability.”

8th November 2004/by Tyrepress Editors

Bridgestone Establishes Chinese Investment Company

Bridgestone has announced that it has established a company responsible for managing its Chinese tyre operations. The new company, established on 22 October is called Bridgestone (China) Investment and has a start-up capitalisation of $68 million. The company’s establishment follows the formal opening of Bridgestone’s third Chinese tyre plant in Wuxi, Jiangsu province. The company says the new company will enable it to “respond faster and more flexibly to customer expectations.”

5th November 2004/by Tyrepress Editors

CITEXPO Dates Announced

The dates for the next China International Tire Expo in Shanghai, the so called CITEXPO, have been fixed. The show’s organisers, Reliable, again expect a large number of exhibitors and visitors to attend one of the most interesting cities in the world. The third CITEXPO will be held on December 14-16, 2005 and will take place in the Shanghai Everbright Convention & Exhibition Center.

4th November 2004/by Tyrepress Editors

Emerging Market

When companies based in the world’s most populated country, the People’s Republic of China, make decisions, they affect everyone. That’s why next month’s Tyres & Accessories will include a cover story investigating the world’s foremost emerging market. Providing an in-depth introduction to the Chinese market, the feature will investigate the market’s background while reporting on some recent developments and shedding light on future business opportunities.

3rd November 2004/by Tyrepress Editors

Tenneco Embarks on Restructuring Programme

Tenneco Automotive has announced that it will cut up to 250 salaried positions, about six per cent of its workforce. The majority of the job losses will come from the middle and senior management levels and will be cut from the company’s worldwide workforce. Tenneco describes the redundancies as part of its “global restructuring” programme, which also includes plans to reduce the number of strategic business units to six.

2nd November 2004/by Tyrepress Editors

On Course to Deliver

Brityrex International aims to deliver what its organisers, ECI International, promised from the beginning – an exhibition dedicated to the tyre and related industries.

26th October 2004/by Tyrepress Editors

Cooper Reports ‘Exciting Quarter’

Cooper Tire and Rubber has reported a 6 per cent year-on-year increase in its net sales, breaking its previous record for tyre operations.

22nd October 2004/by Tyrepress Editors

Watts Tyres to Supply Continental

Watts Industrial Tyres Plc has signed an agreement with Continental AG to supply solid industrial tyres to its industrial tyres business unit. Continental is going to use the tyres to develop the US and Asian markets. The tyres will be manufactured to Continental’s specification at Eu-Retec (Pvt) Ltd in Sri Lanka.

21st October 2004/by Tyrepress Editors

Falken to Phase-Out Ohtsu

Falken Tire Corp is to discontinue the marketing and distribution the Ohtsu medium truck tyre. The move will become effective from 1 January 2005.

15th October 2004/by Tyrepress Editors

Peugeot Cooperate in China

A cooperative financing venture has been created by Peugeot to partner Banque PSA Finance and Dongfeng Peugeot Citroën Automobiles (DPCA) with the Bank of China.

12th October 2004/by Tyrepress Editors