Bridgestone to Start Steel Cord Production in China
The Asia Times is reporting that Bridgestone Corp has announced that it will begin production of high-carbon steel cord in China next autumn.
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.
The Asia Times is reporting that Bridgestone Corp has announced that it will begin production of high-carbon steel cord in China next autumn.
Continental AG, is boosting its presence on the worldwide tyre market, having laid the cornerstone for a new tyre plant in Camacari in the Brazilian state of Bahia.
On 24 September 2004 Bridgestone Corporation officially opened a Chinese tyre plant.
Nokian Tyres and Giti Tire (China) have signed an offtake agreement which will see Giti Tire manufacture passenger car tyres on Nokian’s behalf. Based in Shanghai, Giti Tire is one of the biggest producers in China and is part of the Indonesian Gajah Tunggal group.
Michelin is to exhibit its Airless tyres at the Paris Auto Show 2004. According to Michelin the “Airless Wheel” and “Tweel” tyres are still at the concept stage but would hopefully hit the mass market in the next 10 years.
Chinese company Qingdao Doublestar has announced that it is forming a joint venture with Continental in China.
In a statement to the Shenzhen stock exchange the Chinese company is said to have reported that Conti is expected to start negotiations on financial terms and other venture details.
Once again the market’s focus is on China, where passenger car sales surged 76 per cent last year to 1.97 million units. Goodyear Tire & Rubber, Michelin and Yokohama all have existing operations within the expanding market.
China prepares to stage its first world championship Grand Prix this week as it hosts Formula One for the first time. The 5.451km (3.387-mile) Shanghai International Circuit is the second new venue to appear on the 2004 calendar, after Bahrain. The race is scheduled to last 56 laps; a total distance of 305.256km.
Although Michelin is confident it will perform well, Shanghai will highlight the ability of Formula One teams to react to new situations. Pascal Vasselon, Michelin’s F1 programme manager commented: “Given our experience in Bahrain earlier this year, choosing tyres for a previously unknown circuit such as Shanghai might appear quite routine – but that’s not the case at all. Certain corners at Shanghai have a unique configuration and two of them – which have an almost snail-like profile when viewed from above – are likely to put a greater load on tyres than anywhere else on the calendar.
“Generally, we expect the rate of wear to be fairly even left to right and front to rear, which makes things a little bit easier. From what we can see, the track surface looks fairly smooth and non- abrasive – another little difficulty we had to factor in when finalising the best tyre compromise. When you encounter a new circuit like this, with lots of directional changes, it is best to select compounds that have a slightly broader operational spectrum than usual. And to further minimise any risk of error, we will be taking tyres that have previously been used in racing conditions.”
A US court has banned wholesaler Zisser Tire from selling Wanli S-1099 tyres, which, according to the ruling, infringe Yokohama’s trademarks.
Hayes Lemmerz International, Inc’s second quarter results show that the company has felt the consequences of increased steel and iron prices and lowered OEM production requirements in North America.
Toyo Tire & Rubber Co has announced that it has set up a wholly owned subsidiary in Guangzhou, southern China.
Continental chairman, Manfred Wennemer, has said that the company will announce that it has agreed to a joint venture in China, this week, according to German media sources.
The Italian aluminium wheel brand, OZ, is known worldwide for its involvement in motorsports. It is equally well known in the aftermarket because of its good reputation. But, in recent times there have been many fears that Italian companies couldn’t compete in European market, where high quality and low prices are paramount. Now, at thirty years old, the company has experienced the sharpest turnaround in its history. A turnaround that the management believes has a lot to do with its acceptance of Japanese Kaizen Philosophy. To download this article as a PDF file, click here.
These are exciting times for Hankook Tyre UK, as the company prepares to relocate its headquarters into a new warehouse and office complex, designed and built to the company’s own specifications. In terms of distance, the move is negligible – just half a mile or so down the road in Daventry, Northants – but in terms of what it means to the company, the significance is enormous.
To download this article as a PDF file, click here.
In the first few years of the new millennium Goodyear made losses of around $2.2 billion (£1.2 billion), but now the management can breathe deeply for the first time in years because CEO, Bob Keegan and president Jon Rich seem to have made a turnaround in Goodyear’s North American home market. To download the whole article as a PDF file, click here.
Far eastern news agency, Asia Pulse, has reported that Kumho Tire Co has signed a preliminary deal to build its second Chinese factory.
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