company reports Archives - Page 6 of 21

Schrader introduces TPMS Expert centres to the UK

Describing TPMS as “a new market for tyre dealers in Europe”, leading valve sensor and system manufacturer Schrader has announced the introduction of TPMS Expert centres into the UK. As the apparent world leader in this specialist area (the company holds a reported 50 per cent market share) Schrader is already very much active in the aftermarket supply of these components. Nevertheless, this latest move sees the company move to extend and enhance its position in the market and sees Schrader offer “complete support to tyre specialists from technical training to products, tools, accessories and promotion of this new service.” In addition TPMS Expert Centre signage will enable customer recognition for the provision of this new expertise.

21st February 2011/by Tyrepress Editors

Giti Tire Corporation 2010 earnings down 64 per cent

Career Tracks

Giti Tire Corporation (a Giti Group Shanghai listed company) recorded a 64 per cent year-on-year drop in 2010 net profit attributable to shareholders to 54 million yuan. This was despite a 36 per cent year-on-year increase in revenue to 3.61 billion yuan, according to a company filing.

21st February 2011/by Tyrepress Editors

Infinity Tyres supports SAATHI initiative

News

Infinity Tyres was the first supporter this year of the SAATHI social advocacy initiative, which strives to achieve “a better quality of living for individuals with special needs.” In line with Infinity’s mission to give back to the community, the company reports that it is finding “unique ways to make a difference in our local communities.”

15th February 2011/by Tyrepress Editors

Yokohama sales growth ‘more than compensates’ rising material costs

Company News

Sales for Yokohama Rubber’s tyre operations increase 13.7 per cent in the first nine months of the fiscal year ending March 31, 2011, the company reports. During the nine months to December 31, 2010 Yokohama recorded tyre business sales of 310.2 billion yen (₤2.36 billion) and operating income of 23.2 billion yen (₤176.42 million), up 37.4 per cent year on year. The company reports this sales growth came through gains both in its domestic Japanese and international markets and it more than offset the adverse effect on profitability caused by rising raw material prices as a strengthening yen. Domestic market sales were helped by an economic rebound and heavy snows, which prompted strong winter tyre sales, while overseas growth was most notable in the US and China.

2nd February 2011/by Tyrepress Editors

Chinese Tyre Machinery Maker BJ Hanch Looks to Export Markets

News

Current annual production stands at 100 units a year, with annual turnover totalling 400 million yuan. The main customers, which include names known to European tyre import business such as Shandong Jinyu and Yongtai Chemical, reside within the People's Republic. Less than 10 per cent of production is exported.

That said the company reports that it plans to develop its export business depending on market conditions. The intention is to further develop the “excellent local support” the company's products and services have been receiving before moving into the export business. In the meantime domestic demand is described as a “more than sufficient opportunity.”

13th January 2011/by Tyrepress Editors

Fleet MoTs, Servicing Kwik-Fit Growth Areas in 2010

News

Demand from fleet customers for mechanical work on company cars and vans at Kwik-Fit is said to be soaring. The fast fitter comments that operators are looking to reduce operating costs and this appears to be a significant contributor towards Kwik-Fit’s record breaking 2010. The company reports that demand for MoTs, vehicle servicing and brake part replacement rose by up to almost 50 per cent last year, and in 2011 a “core goal” is to further increase the volume of mechanical and MoT fleet work performed through Kwik-Fit centres.

12th January 2011/by Tyrepress Editors

Latest Generation Conti Eco Tyre Cuts Rolling Resistance 20%

News, Premium

In designing its latest eco tyre range, Continental AG was influenced to a large extent by the changing requirements of its OEM customers. As Alexander Lührs, head of Continental’s press and public relations for passenger and light truck tyres, explained at the recent ContiTechnikForum held in Portugal, “the requirements for tyre development are in a very dynamic state.” This especially applies to rolling resistance optimised products. “Car manufacturers need to reduce CO2 emissions. This means they ask us and our competition to come up with new solutions in this regard.”

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10th January 2011/by Tyrepress Editors

Japanese Motorists Would Pay Extra for Fuel Efficient OE Tyres – Study

News

Upon the release of its JDPower Asia Pacific 2010 Japan Original Equipment Tire Customer Satisfaction Index Study, the global marketing information company reports that Japanese motorists are becoming increasingly well disposed towards fuel-efficient tyres and says that, if given the option, a “sizable percentage” would be willing to pay extra to have fuel-efficient tyres equipped on their new vehicle.

16th December 2010/by Tyrepress Editors

Belshina Plant Upgrades to Boost Production

News

Belarusian tyre maker Belshina is currently redeveloping its on and off-road businesses. A 32.6 million euro upgrade of passenger car tyre production facilities is close to completion, the company reports. The project will be funded in part by loans, with the remainder coming from Belshina and parent company Belneftekhim. Equipment for the upgrade has been supplied by Dutch firm VMI. The upgraded plant will enter operation at the end of 2011 and will reach its planned capacity in 2013. Belshina anticipates the replacement of obsolete equipment and the upgrading of other units will not only increase output volume and enable a larger assortment of products to be manufactured; the tyre maker says production quality and labour conditions will also improve.

15th December 2010/by Tyrepress Editors

Shaanxi Yanchang Considering PCR Plant

International News, News

Heard of Shaanxi Yanchang Petroleum (Group) Rubber Co., Ltd? We hadn’t either before last year’s Reifen China in Shanghai. However, after our brief introduction at last year’s show this year the company returned to the exhibition with another substantial stand in a similarly prime position. This time round company representatives brought with them news that despite being founded as recently as December 2008, it is already well on the well to producing 1 million truck tyres a year at its Xianyang truck tyre production plant. With the company's passenger car radial line due to break ground in 2013, this could be a production base to watch.

3rd December 2010/by Tyrepress Editors

Tyre Bay Direct Adds to Exclusive Portfolio

News

Tyre Bay Direct aims to be a one stop shop for all tyre fitting and consumable needs. The company reports the stocking of a complete range of valves, including exclusive customised valves available printed with a company’s details, plus balancing weights, repair materials, workshop tools, tyre changers and wheel balancers as well as other garage equipment. Much of the range on offer is exclusive to Tyre Bay Direct, the company adds.

26th November 2010/by Tyrepress Editors

Trax Reports Successful SEMA Show

News

For the third consecutive year, the UK’s Trax JH Ltd displayed its products at the major US based SEMA show in Las Vegas. With the USA now also moving to lead-free balance weights, the company reports that visitors to November’s show expressed significant interest in the Trax range of quality steel adhesive weights, with agents and distributors now in place to take advantage of this move to using non-lead materials.

18th November 2010/by Tyrepress Editors

Hankook Raising Prices in US

News

Prices for Hankook Tire America’s passenger car, light truck and medium truck tyres will increase by up to 6.5 per cent on November 1, 2010. The company reports that rising energy, raw materials and transportation costs have necessitated this price adjustment.

1st October 2010/by Tyrepress Editors

CDP Group Joins Italian Wholesale Elite in Under 3 Years

News

Italian tyre wholesaler operation CDP Group Spa has grown from a start-up to being a top 10 tyre wholesaler in the country in less than three years. Founded at the beginning of 2008 the company reports that it took just two and a half years to get into sixth place in the Italian tyre wholesale rankings and – with full year 2009 turnover totalling 28 million euros – there is every sign that the growth will continue.

29th September 2010/by Tyrepress Editors

Nizhnekamskshina Ramping up Production

News

Russia’s OAO Tatneft states production of solid steel core (SSC) tyres is to increase at the Nizhnekamskshina factory it commissioned late last year. According to the manufacturer, this year it will draw upon technology provided by Germany’s Continental to produce 130,000 SSC certified tyres in four different sizes, and by the end of the year a total of six sizes will be certified. Starting in September tyres will be shipped to the vehicle manufacturer OAO KamAZ for OE fitment on a number of trucks.

6th September 2010/by Tyrepress Editors

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