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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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Jiangxi Blackcat signs Europe distribution agreement

A deal with German chemical firm Lehmann & Voss & Co. and its Luvomaxx business unit offers further scope for China’s Jiangxi Blackcat Carbon Black inc. to penetrate European markets. Lehmann & Voss has signed a sales agreement with the state-owned carbon black manufacturer, securing exclusive distribution rights in 16 European countries. Luvomaxx will support existing direct contracts, mainly with the tyre industry, as part of the supply chain.

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Related news:

  1. JiangXi Black Cat inaugurates a further carbon black plant
  2. TRW facilities honoured for quality of GM supply
  3. A dozen new companies join Conti & Schaeffler’s ‘Premium Circle’
  4. Lion Forest to Buy Silverstone
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Bridgestone outlines tyre SBU consolidation in 2013MTP

Every year, Bridgestone releases a new Mid-Term Management Plan. Each covers a five-year period and incorporates rolling changes. In announcing its 2013MTP, Bridgestone says the latest plan reflects changes in the operating environment since the formulation of the 2012 mid-term plan and incorporates revisions and additional strategies and actions “as deemed necessary.” Amongst the themes covered by the new plan is the restructuring of Bridgestone’s tyre business strategic business units (SBUs).

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Related news:

  1. Annunziato to replace Ohashi as Bridgestone Europe chief
  2. New CEO for Bridgestone Europe
  3. Conti releases Q3 results, lifts EBIT target
  4. Slight dip for Hankook in Q1 2014
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A European plant for Nexen?

A news release from Bulgaria’s Ministry of Economy and Energy suggests that Nexen Tire intends to become the second Korean tyre maker with a manufacturing presence in the European Union. The Ministry reported that a meeting with a leading tyre maker took place during a visit to South Korea by Bulgaria’s Deputy Minister of Economy and Energy Krasin Dimitrov.

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Related news:

  1. Nexen Tyre opens warehouse in Fulda
  2. Nexen opens European Technical Center in Frankfurt/Hoechst
  3. Nexen Europe appoints Joo Ho Song as president
  4. Decennial shift in global PCLT tyre volume market share
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Dunlop Aircraft Tyres invests £4m into UK manufacturing

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Dunlop Aircraft Tyres has announced the completion of an expansion plan for its Fort Dunlop, Birmingham manufacturing base. The aviation tyre-maker will switch on its latest additional production machine, completing a £4 million factory investment programme.

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Related news:

  1. Govt grant for Dunlop Aircraft Tyres’ Airbus project
  2. Advanced ID to Supply 2 million RFID Chips to Mesnac in China
  3. Pneu-Logic to Supply 2 million RFID Chips to Mesnac in China
  4. Nankang Rubber Celebrates its 50th Anniversary
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CITExpo 2013: Tyrepress show review

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Taking place at the Shanghai Everbright Convention & Exhibition Center, Reliable International Exhibition Services has staged another successful China International Tire Expo (CITExpo), the eleventh edition of the show. Tyrepress visited the show on 4-6 September, 2013 in its capacity as a media sponsor, speaking with many of the exhibitors on themes of increasing importance in the Chinese tyre industry, such as the post-boom development of tyre brands.

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If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Show review: Reifen China 2014
  2. Will Europe impose tyre import tariffs?
  3. CITExpo 2017 opens in Shanghai
  4. Aeolus continues to rise in Chinese tyre market
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Cooper counters Apollo offer reduction talk with statement

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On October 7th, Cooper Tire & Rubber Company issued a statement regarding the pending merger with Apollo Tyres, in which Cooper makes it plain that it believes that a reduction in share price is unwarranted. The statement, in full, reads as follows:

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Related news:

  1. Apollo Cooper takeover on the rocks
  2. Columnist highlights lenders’ role in Apollo/Cooper problems
  3. Today is ‘D-Day’ for Cooper/Apollo deal
  4. No deal – Cooper terminates Apollo merger agreement
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It’s on – Cooper shareholders vote ‘yes’

Cooper Tire & Rubber has announced that its stockholders voted to approve its pending merger with a wholly-owned subsidiary of India’s Apollo Tyres, with more than 74 per cent of Cooper’s outstanding common shares voted in favor of the transaction. Approximately 78 per cent of Cooper’s outstanding common shares were voted, with more than 48 million shares voted in favor of the merger, representing approximately 96 per cent of Cooper’s voted shares.

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Related news:

  1. Cooper acquisition is a game changer – Apollo MD talks to T&A
  2. Cooper appeals court decision
  3. Was a rival Cooper bid the elephant in Apollo’s room?
  4. Cooper not yet ready to resume financial reporting
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Today is ‘D-Day’ for Cooper/Apollo deal

Within the next few hours, Cooper Tire & Rubber shareholders will cast their votes in favour or against Apollo Tyres’ bid to acquire the US tyre maker for US$2.5 billion.

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Related news:

  1. Cooper not yet ready to resume financial reporting
  2. Apollo: Cooper Chengshan on track despite strike reports
  3. Chengshan wanted to acquire Cooper Tire, court hears
  4. Cooper brand tyre manufacturing set to resume in China, say US firm
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Pirelli names Borgo its first ‘general manager operations’

A new management role, that of ‘general manager operations’, has been created at Pirelli, and Gregorio Borgo has been appointed the first incumbent. Borgo, currently head of Pirelli’s Asia-Pacific region, will report directly to company chairman and chief executive officer Marco Tronchetti Provera in his new position.

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Related news:

  1. Michelin Looks to Increasing Sales, Expects Demand Increase
  2. Toru Tsuda New Bridgestone Europe President
  3. Sumitomo net income up 24.9% in 2012
  4. Weak tyre, automotive demand weighs on Lanxess in Q1
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Court rejects bid to relocate Cooper Chengshan case

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Following the rescheduling of the Cooper Chengshan court hearing to an undetermined date, the Chengshan Group sought to have the case moved from China to Hong Kong. However, Bloomberg reports that the Weihai Intermediate People’s Court has decided not to allow this change of venue.

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Related news:

  1. Court delays Cooper Chengshan anti-merger case
  2. Apollo Cooper takeover on the rocks
  3. Apollo Tyres says yes to Eastern Europe, Asia, and no to China
  4. Cooper unlikely to meet financials deadline
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Jourdan joins Conti board

Since the start of August Dr. Ralf Cramer has been headquartered in Shanghai as head of Continental China. Replacing him as chairman of the Management Board for the Chassis & Safety division is Frank Jourdan, who has also joined Continental’s Executive Board. Jourdan’s appointment to the board was confirmed at Continental’s Supervisory Board meeting on 25 September, together with the renewal of Dr. Elmar Degenhart’s tenure as Executive Board chairman for a further five years.

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Related news:

  1. Continental Shares Rebound on Improved Second Quarter Outlook
  2. Continental to raise China headcount by 5,000
  3. Des Collins to lead Conti’s new public liaison office
  4. IBM software to help Conti sites collaborate more closely
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US trade body investigating Toyo complaint

The US International Trade Commission (USITC) has voted to institute an investigation into the complaint filed by Toyo Tire & Rubber and its US subsidiary and affiliates. The investigation will focus on the tread patterns and sidewall designs used by certain tyres manufactured in China and Thailand, and whether they infringe Toyo patents.

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Related news:

  1. Jinyu Tyres ups prices 5-7%
  2. TGI named in top 5 US Hispanic exporters
  3. Analysts: US wholesalers de-stocking ahead of Chinese import tariff end
  4. Toyo wins latest round of Doublestar legal action
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Serbia expansion means more European made/sold tyres for Cooper

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At present, Cooper Tire & Rubber operates eight plants in the Americas, Asia and Europe, and production from all three regions is sold on the European market. However the company believes its value proposition can be strengthened by increasing the proportion of European-made tyres sold here.

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Related news:

  1. Philippines Plant Closure For Goodyear
  2. Two New China Execs for Cooper Tire
  3. Interview – Roy Armes
  4. Apollo Tyres says yes to Eastern Europe, Asia, and no to China
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Giti Tire sets up technical centres in Germany, the US

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Giti Tire has announced the establishment of new technical centres in Germany and the US. The two sites will work in collaboration with the company’s MIRA-based UK facility as well as its centres located in Indonesia and China. Giti now employs more than 600 R&D personnel and describes the creation of a European and North American technical centre as marking a “significant development in the research and development capabilities of the company.”

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Related news:

  1. Delorio Retires From Giti Tire
  2. GT Radial demos tyres to dealers at MIRA
  3. Conti buys out Indian brake JV partner
  4. GM, Fiat Chrysler honour Giti Tire as supplier
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Slight rise in visitor, exhibitor numbers at CITExpo

The 11th edition of the China International Tire Expo, held earlier this month in Shanghai, attracted 7,303 visitors. This number represents a slight rise in attendance over 2012, and organiser Reliable International Exhibition Services says that 4,263 visitors, or 58 per cent of the total, came from outside China. The 24,000 square metre exhibition space housed 335 exhibitors, ten per cent more than last year.

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Related news:

  1. CITExpo adds fourth hall in bid to become largest Far Eastern tyre trade fair
  2. CITExpo 2015 to bid farewell to Everbright with largest edition projected
  3. CITExpo bids farewell to Everbright in 13th edition, previews move to modern facility
  4. ‘A good move’ – Exhibitors & visitors positive about new CITExpo venue
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