China Archives - Page 79 of 246 - 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.

Tag Archive for: China

New Volkswagen record as 1.99M passenger cars delivered

Company News, International News

Volkswagen has delivered nearly two million passenger cars in the first four months of 2014, setting a new record for the period. 1.99 million vehicles were handed over to customers in the period to April, representing an increase of 4.6 per cent (January-April 2013: 1.91 million). Christian Klingler, board member for sales and marketing for the Volkswagen Group, attributed the success to “good sales developments in China and Europe” and “sustained high demand” for heritage products such as the Golf, now in its seventh generation.

12th May 2014/5 Comments/by Andrew

Dmack a finalist in Cathay Pacific China Business Awards

Company News, UK News

Carlisle based tyre brand Dmack has been awarded a place in the final of the Cathay Pacific China Business Awards. Local news source North West Evening Mail reports that the company is shortlisted in the Rising Star category. The awards recognise UK and Irish businesses demonstrating existing positive returns and ongoing plans for future investment in China and Hong Kong, with the Rising Star award given to those opening Chinese operations in the last five years.

12th May 2014/by Andrew

Bridgestone merging China, Asia Pacific tyre business units

Company News, International News

Under restructuring measures Bridgestone is undertaking in the Asia region, Bridgestone Asia Pacific Pte Ltd. (BSAP) will expand its area of responsibility to include tyre operations in China. From 1 July, Bridgestone Asia Pacific – henceforth abbreviated to BSCAP – will become the head office in charge of both BSAP and Bridgestone (China) Investment Co. Ltd., the company’s current Chinese head office.

12th May 2014/1 Comment/by Tyrepress Editors

Q1 operating profit a ‘record’, says Yokohama

Yokohama Rubber reports that its operating income reached a record high in the first quarter of 2014. On the back of net income of net sales that were up 9.6 per cent year-on-year to 139.9 billion yen (£810.9 million), operating income jumped 54.6 to 11.7 billion yen (£67.8 million). Net income, at 6.5 billion yen (£37.7 million), was 14.8 per cent higher than in the first quarter of 2013. Sales and earnings increased in each of Yokohama’s three business sectors: tyres, industrial products, and other products. The company says its tyre business’ strong performance reflected robust growth in Japan and sales growth overseas. Operating income benefited in each business sector from a downward trend in raw material prices and from the weakening of the yen, as well as from sales growth.

9th May 2014/by Tyrepress Editors

Cooper Q1 revenue, operating profit down year-on-year

As Cooper Tire & Rubber enters its centennial year, the US tyre maker has reported first quarter operating profit slightly below the record result achieved last year. On the back of net sales of US$796 million, 7.5 per cent lower than a year earlier, Cooper achieved a quarter operating profit of $81 million, 16.5 per cent down on the first quarter 2013 operating profit, which was the highest ever in the company’s 100-year history. Operating profit was 10.2 per cent of net sales. The company reported net income attributable to Cooper Tire & Rubber Company of $0.71 per share, or $45 million, in the first quarter. This compares with $56 million, or $0.87 per share, for the same period last year.

2nd May 2014/by Tyrepress Editors

Preparations for Reifen 2014 in full swing, says organiser

Reifen 2014 organiser Messe Essen says preparations for this month’s trade fair are in “full swing” ahead of the show’s opening on 27 May. As of the start of May, 660 exhibitors from 44 countries have signed up for Reifen 2014, with oversees exhibitors accounting for around 70 per cent of the companies with a presence at the Essen show. Messe Essen says than China is the best-represented country in terms of exhibitor numbers, followed by Germany, Italy, the Netherlands and the USA. In regards to visitors, Messe Essen is expecting members of the tyre and related trades from some 130 countries to visit Reifen 2014.

2nd May 2014/by Tyrepress Editors

Slight dip for Hankook in Q1 2014

Revenue and operating profit at Hankook Tire was marginally lower year-on-year in the first quarter of 2014, the company reported on 30 April. Global sales revenue amounted to KRW 1.675 trillion (£958.9 million) between 1 January and 31 March, 0.3 per cent lower than the revenue achieved in the first quarter of 2013. Operating profit in Q1 2014 was KRW 260.1 billion (£148.9 million), 0.7 per cent less than a year earlier. Operating profit to sales ratio was 15.5 per cent.

2nd May 2014/by Tyrepress Editors

Michelin reports higher volumes, lower sales in Q1 2014

During the first quarter of the 2014 fiscal year, Michelin experienced a 3.4 per cent rise in volumes, with fast original equipment segment momentum and growth in the truck tyre business, while weak mining tyre sales were offset by growth in aviation and two-wheel tyre business within the specialty tyre segment. This increase in volumes did not translate to higher net sales, however.
Overall Michelin Group sales declined 2.4 per cent year-on-year to €4.76 billion.

24th April 2014/by Tyrepress Editors

Pirelli hails F1 tyre longevity on tough Shanghai circuit

The strength of the P Zero White medium tyre following a start in which most used the soft P Zero Yellow allowed the top 15 to complete two stops only on the demanding Shanghai circuit, Pirelli said. Formula One’s exclusive tyre supplier had anticipated increased wear as a result of very long corners and high G-forces, but the 2014 tyres’ increased durability allowed Mercedes’ Lewis Hamilton to use a two pit stop strategy to win, following a long second stint.

22nd April 2014/by Andrew

Tyre strategy becoming ‘a bigger factor’ in F1 2014 – Hembery

International News, Motorsport, News

Two grands prix into the 2014 Formula One season, Pirelli motorsport director Paul Hembery believes that tyre strategy is already becoming “a bigger factor”. Much of the pre- and early-season analysis has focused on the new powertrains and regulations introduced into F1 this season, while Pirelli has been careful to provide harder, more conservative tyres to compensate for the concentration devoted to engineering the substantially altered F1 cars. However, the occasion of the Chinese Grand Prix at Shanghai, where the P Zero White medium and P Zero Yellow soft tyres will be used, provides an early opportunity for teams to apply what they have learned so far to using the Italian manufacturer’s tyres more strategically.

17th April 2014/by Andrew

Pumping up

Editorial/Comment

The state of various European economies varies significantly, there are signs that the tyre markets are picking up and – if some of the large tyre makers’ recent financial reports are anything to go by – premium tyre sales are what are needed to turn green shoots into green backs.

15th April 2014/1 Comment/by Tyrepress Editors

Hankook Ventus Race, Race Plus set for DTM 30th anniversary year

2014 marks touring car series DTM’s 30th anniversary, and exclusive tyre supplier Hankook will again equip teams with two models of Ventus racing tyre. The Korean manufacturer says that enhanced vehicles and new regulations promise great excitement, while new races in Hungary and China add new challenges for participants. Each car will use both tyres, with a single pit stop, meaning the softer Ventus Race Plus can only be used for a maximum of half the racing distance. Hankook has completed its winter testing programme for the series and is satisfied by the results.

14th April 2014/by Andrew

Styron converting Ni-BR rubber line to neodymium-BR to meet UHP tyre demand

International News, Product News

Styron, the rubber material supplier, is to convert its Nickel Butadiene Rubber (Ni-BR) production line in Schkopau, Germany, to Neodymium Butadiene Rubber (Nd-BR) manufacturing. Coupled with Styron’s existing technology in Solution Styrene Butadiene Rubber (SSBR), the company believes the Nd-BR offering will allow Styron to help customers around the world meet the increasing demand for green and ultra-high performance tyres.

10th April 2014/by Tyrepress Editors

Wealth of retreading experience in Latin America helping Pirelli in Europe

Pirelli has heavily invested in the commercial vehicle tyre segment for a number of years now. This investment has covered the development of technologically-advanced tyres and the company’s outstanding fleet segment service portfolio. The overall aim is to minimise vehicle operating costs, which today represents the central criterion for companies needing to mimimise cost per mile in order to remain competitive within their respective markets. Following this logic, retreading naturally plays an increasingly strategic role.

9th April 2014/by Tyrepress Editors

2014 China International Tyres and Wheels Fair | 09/04/2014 – 11/04/2014

The China International Tires and Wheels Fair, held from 9-11 April 2014 at the Qingdao International Convention Center, focuses completely on the development of the rubber and tyre industries in China. Established in 2004 exhibits include rubber processing equipment, finished tyre products and tyre related products such as tyre accessories and wheels.

9th April 2014/by Andrew