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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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Conti's Commercial Speciality Tires ‘a clear statement to the market’ – MD

Continental’s increased specialisation in the commercial tyre segment was discussed at the launch of its latest “third generation” coach and bus tyres, but this reorganisation, begun from 1 January, has wider implications for applications beyond TBR products. The managing director of Continental Commercial Specialty Tires (CST), Dr Michael Maertens explained that the manufacturer’s new business strategy, indicated by the restructuring of this business unit, contains initiatives for future growth with particular focus on industrial and off the road material handling, underground mining and tyres for a specialised application you may not have expected to have swift growth potential.

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  4. MAI International ‘Guarantees’ Performance
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Conti appoints new China head

As of 1 August 2013, Continental’s Chinese activities will be overseen by Executive Board member Dr. Ralf Cramer. The incumbent head of the company’s Chassis & Safety division will take up the Shanghai-based position in order to “strengthen” Continental’s organisation for “sustained fast and profitable growth in China.” His successor within the Chassis & Safety division will be appointed at a later date.

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  1. Work on Conti China Vehicle Parts Factory Underway
  2. First Phase of Conti’s China PCR Plant Completed
  3. Groundbreaking held for Conti’s Hefei plant expansion
  4. Conti Breaks Ground at New Plant Site
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Bridgestone wins patent infringement lawsuit

Bridgestone Corporation has won a lawsuit against China’s Qingdao Genco Industrial Group Co., Ltd. The legal action against the Qingdao, Shandong Province-based firm was based upon an infringement of design patent rights, and it is by no means the first of its kind that Bridgestone has undertaken. Along with announcing its latest court victory, Bridgestone said it “will continue working to maintain and enhance the value of its brands by taking the necessary actions to protect its trade secrets and intellectual property. This includes reporting patent infringements to the appropriate authorities and seeking proper redress through the court system.”

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  1. Bridgestone wins trademark lawsuit against Chinese firms
  2. Truck Sales in China to hit 1 million
  3. Jinyu Tyres ups prices 5-7%
  4. West Europe pcr capacity down 38M units in last 5 years
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Maxxis: Sales have grown US$2 billion in five years

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Maxxis International has reported another strong year of growth for the 12 months to January 2013. Results from the last financial year show Maxxis tyre sales figures surpassing US$4.5 billion for the first time, up over $2 billion in the last five years alone. The company reports that despite an adverse global economy and substantial investment in research and development, increased manufacturing capacity, its new academy and latest testing facilities, Maxxis has still succeeded in posting net earnings of well over $1 billion.

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Related news:

  1. Cheng Shin/Maxxis Invests in Private Proving Ground
  2. Maxxis To Build Further Tyre Plant in Xiamen, China
  3. Toyo completes new Malaysian tyre plant
  4. Apollo to raise $2.1 billion debt via bonds for acquisition
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Johnson Controls supplying AGM batteries to Chery Jaguar Land Rover

Johnson Controls, the world’s leading supplier of automotive batteries, will provide its Absorbent Glass Mat (AGM) battery technology to Chery Jaguar Land Rover for fitment in vehicles manufactured in China for the domestic market, including those with Start-Stop technology.

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  1. Micro Hybrid Market a Major Growth Area for Varta Brand
  2. BMW and Toyota sign collaboration agreement
  3. Linglong opens test centre at IDIADA
  4. Tyre Cord Business Thrives
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Brembo 1Q sales and profits soar

Leading brake manufacturer Brembo has posted first quarter 2013 net consolidated revenues of 371.9 million euros, up 6.3 per cent compared to the first quarter of the previous year. Pre-tax profits grew even faster. EBITDA amounted to 47.3 million euros (12.7 per cent of revenues), up 10.2 per cent compared to first quarter of previous year. Meanwhile EBIT amounted to 26.1 million euros (7 per cent of revenues), up 9.3 per cent compared to the first quarter of 2012.

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Continental develops infotainment system for PSA China

Continental has developed a new Multimedia Radio Navigation (MRN) System for the PSA Peugeot Citroën Group in China. The product was launched with the Dongfeng Citroën C4 L car model in March 2013 and will later be available in different vehicles. Based on Continental’s scalable Multimedia Platform concept, the MRN System is the first navigation solution of Continental, exclusively tailor-made for a Chinese vehicle manufacturer. The development was mainly done by experts in Shanghai and Singapore, thus marking an important milestone for the development activities in Asia.

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  1. Conti Invests in China Engineering Centre
  2. Conti Breaks Ground on Asia Headquarters & Engineering Centre
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  4. Continental launches Youth Safe-Driving Program in China
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Yokohama sales and income down over a third, but outlook ‘unchanged’

The Yokohama Rubber Co., Ltd., has reported first quarter net sales of 127.7 billion yen a 5.6 per cent decline compared with the same period in the previous year. Operating income was worse, down 18.1 per cent, to 7.6 billion yen. Meanwhile net income was down 35.7 per cent to 5.6 billion yen. According to the company, the downturn in sales and earnings resulted chiefly from weakening sales of tyres in the Japanese original equipment market and in Yokohama's principal markets overseas.

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Weak tyre, automotive demand weighs on Lanxess in Q1

The earnings posted by chemical company Lanxess in the first quarter of 2013 were lower than the company expected, and it says the weak market environment in the tyre and automotive industries is particularly responsible for this.

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  4. Cooper acquisition is a game changer – Apollo MD talks to T&A
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Toyo completes new Malaysian tyre plant

Toyo Tire & Rubber Co president Akira Nobuki has announced the completion of the company’s new tyre plant in Malaysia (TTM). Toyo is progressing towards a three-region global supply system as outlined in the company’s 2011 mid-term business plan, with factories in North America, Japan and Asia. Toyo’s Asia operations are in a process of expanded motorisation where further growth of demand is expected. Toyo is positioning Asia as a vital strategic market that will provide a boost to its business foundation.

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Related news:

  1. Maxxis To Build Further Tyre Plant in Xiamen, China
  2. Toyo enters into railway components JV
  3. Maxxis: Sales have grown US$2 billion in five years
  4. Apollo to raise $2.1 billion debt via bonds for acquisition
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Bridgestone sales up 9% in Q1

In a quarter punctuated by recovering domestic and US markets, a stagnant and unstable European economy, and slowing economic expansion in Asia, Bridgestone Corporation posted net sales of ¥794.5 billion (£5.2 billion) in the three months from 1 January to 31 March, a year-on-year increase of nine per cent. Operating income amounted to ¥74.4 billion (£483.6 million), 18 per cent higher than in the first quarter of 2012, while operating margin rose 0.7 per cent year-on-year to 9.4 per cent. Ordinary income was up 14 per cent to ¥70.1 billion (£455.6 million), and net income rose two per cent to ¥43.1 billion (£280.1 million).

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  1. Bridgestone Developing Low Rubber-Content Tyres
  2. Bridgestone profits up 67%
  3. Taiwan Manufacturers Expanding Tyre Production in China
  4. Apollo to distribute Cooper range in India
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Retreading MDs to speak at China show

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The heads of rival US retreading associations, the Tire Retread & Repair Information Bureau (TRIB) and the Retread Tire Association (RTA), will both make an appearance at the China International Rubber Tire & Auto Accessory Exhibition (ChinaGRTAE 2013).

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  1. Michelin Wins Manufacturing in Action Award
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Nexen Q1 results

In the first quarter of 2013, Nexen Tire Corporation achieved net sales of KRW 432.9 (£252.5 million), the Korean tyre maker reports. Almost 85 per cent of sales were generated in the aftermarket, with North America by far the company’s largest single geographic region; North American sales declined 13.0 per cent year-on-year to KRW 106.6 billion (£62.2 million). Sales in Europe, Nexen’s second largest market, grew 19.2 per cent year-on-year to KRW 87.2 billion (£50.9 million), and domestic market sales increased 14.4 per cent over the first quarter of 2012 to KRW 56.4 million (£32.9 million). Sales in China, at KRW 8.8 billion (£5.1 million), were 11.0 per cent down on a year earlier and other region sales increased 10.4 per cent year-on-year to KRW 112.1 billion (£65.4 million). Original equipment sales accounted for 15.6 per cent of Nexen’s total and grew 21.5 per cent year-on-year to KRW 68.6 billion (£40.0 million).

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Growth in new markets giving Deldo a better spread

When Tyres & Accessories spoke with Deldo’s Rutger Veerman in the last week of March, he and several colleagues from the Belgium-based wholesaler had just returned from the Tyrexpo Asia show in Singapore. In addition to praising the exhibition as “the best show in Asia”, Veerman shared that Deldo’s presence at Tyrexpo Asia was important as Asia represents a region that is increasingly important for the company.

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  4. Nexen increases China production, sales presence
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Yokohama receives satisfaction survey award

During April’s Auto Shanghai show, Yokohama Rubber held a ceremony to mark its strong performance in the "2012 China Original Equipment Tire Satisfaction Index Study" carried out by the research firm J. D. Power Asia Pacific. The study, which was released in November 2012, placed Yokohama on top of the 19 original equipment tyre brands tested in terms of overall customer satisfaction. At the ceremony in Shanghai, Geoff Broderick, vice-president and general manager of J. D. Power and Associates Asia-Pacific, presented a plaque to Koichi Tanaka, chairman and president of Yokohama Rubber (China) Co., Ltd.

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