expansion Archives - Page 27 of 78 - Tyrepress

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Titan to enter Russia?

Titan International could be planning to enter the Russian market, having bought a stake in Voltair Prom, the Kordiant-owned plant in based in Volgograd. According to the Moscow Times and Vedemosti newspapers, the factory, which produces agricultural and industrial tyres is valued at 5.1 billion rubles (US$160 million). One Equity Partners Fund, a JPMorgan affiliate, and the Russian Direct Investment Fund, could co-invest with Titan, a source close to the negotiations is quoted as saying.

7th June 2013/12,345 Comments/by Tyrepress Editors

TTS promotes roadside service, exhibits Firenza, Zeta truck tyre brands

West Midlands based Truck Tyre Solutions (TTS) returned to the CV Show 2013, having made its debut at the event last year. TTS said its main objective was to showcase its services in a fully responsive roadside service facility for truck tyres and promote the company's extensive range of quality commercial tyres covering all market sectors. It emphasised the Firenza range; Carl Falconer – sales director at TTS opined that it is a good mid-range tyre which offers a comprehensive size and pattern option for most trucks and trailers.

4th June 2013/12,345 Comments/by Tyrepress Editors

Tech celebrates loyalty in Bologna

During Autopromotec week Tech Europe honoured the contribution of a number of loyal distributors who had reached milestones in terms of service and distribution. Plaques were presented by Gary Armstrong (senior vice-president global sales and marketing at Tech International), Martin Blakey (vice-president sales and marketing, Europe) and Walter van Loon (vice-president sales and training, Benelux) to the following distributors:

3rd June 2013/12,345 Comments/by Tyrepress Editors

Hankook invests 313 million euros in Hungary factory expansion

Hankook Tire and the Hungarian Government have jointly announced details of further investment in the tyre manufacturer’s European production facility, located 60 kilometeres south of Budapest. Hankook plans to invest some 313 million euros in adding a further manufacturing unit to the site, which will create over 950 new jobs and further boost Hankook’s production volume in Europe, bringing capacity up to 17 million tyres per year.

29th May 2013/12,345 Comments/by Tyrepress Editors

'Hybrid’ MRT plant opens in Canada

Quebec-based company Groupe Robert Bernard has inaugurated its new retreading plant. The facility, which is the largest of its kind in Canada, was built at a cost of $3 million and is the eighth retreading plant in the country to use Michelin Retread Technologies (MRT). It is the 80th MRT plant to open in North America.

23rd May 2013/12,345 Comments/by Tyrepress Editors

Michelin TBR dealers in Ballymena visit

Michelin’s Ballymena, Northern Ireland manufacturing facility has hosted a visit from 27 independent truck and bus tyre dealers. The Michelin Truck Professional (MTP) dealers were invited to see Michelin’s new X MultiWay 3D steer and drive tyres during their manufacture. Guy Heywood, commercial director of Michelin’s truck tyre division, told assembled dealers: “We’re competing in a fiercely competitive market, but one in which we have grown Michelin Group market share by three per cent in the last three years.

14th May 2013/12,345 Comments/by Tyrepress Editors

Conti confirms 2013 guidance after weaker Q1

Although admitting that difficulties were encountered in the first quarter of 2013, Continental says it “held its ground” during this period and has confirmed its guidance for the full year.

3rd May 2013/12,345 Comments/by Tyrepress Editors

Apollo opens ASEAN hub in Thailand

Apollo Tyres has opened its sales hub to the ASEAN region in Bangkok. The region has become one of Apollo’s strongest export markets for its India produced tyres, the company said. Over the last three years, Apollo said the region has doubled in sales.

2nd May 2013/12,345 Comments/by Tyrepress Editors

Commander to retire as head of Lanxess’ Butyl Rubber business

Dr. Ron Commander, head of Lanxess’ Butyl Rubber business unit, will retire at the end of this year. Before this takes effect, the 62-year old will spend his final six months or so with the specialty chemicals company in a new, Canada-based role. Commander’s new position will take effect on 1 July, and on that date he will be succeeded as head of the Butyl Rubber business unit by Dr. Guenther Weymans, who is currently head of Lanxess’ Keltan Elastomers business unit.

18th April 2013/12,345 Comments/by Tyrepress Editors

Two month delay for Zeon’s SSBR plant

Japan’s Zeon Chemicals says its new solution styrene-butadiene rubber plant in Singapore will now enter operation in September, two months behind its initial projected start-up date. The hold up has been attributed to the construction of a number of public service tunnels. Despite this delay, the company states the plant will run “flat-out” as of September.

15th April 2013/12,345 Comments/by Tyrepress Editors

Apec adds 13 new brake pads

UK brake supplier Apec has expanded its product range with the addition of 13 new brake pads, continuing the expansion of what the company says is Europe's largest range of direct replacement braking items, which now stands at over 1,400 brake pads, and over 6,000 braking products.

12th April 2013/12,345 Comments/by Tyrepress Editors

PT Pamapersada celebrates 5 years retreading

Five years ago Indonesia’s leading contract mining company PT Pamapersada Nusantara (PAMA) decided to install a turn-key OTR retread facility from Rösler in Balikpapan. Now the company is celebrating half a decade since the successful completion of the project. Rösler engineered and designed the entire factory, supplied the equipment and transferred the know-how. In total over 200 tons of equipment was shipped from Germany to the island of Borneo where in February 2008 the first 27.00R49 tyre was retreaded.

9th April 2013/12,345 Comments/by Tyrepress Editors

Expansion planned for Indonesian OTR retreading facility

In 2013, the Rösler retreading plant run by Indonesian coal mining contractor PT Pamapersada Nusantara (Pama) enters its sixth year in operation, and the German retreading specialist says that plant output will be increased this year. Rösler reports that Pama is currently “evaluating expansion plans to meet the increasing demand.” Details on planned capacity or other information were not given.

9th April 2013/12,345 Comments/by Tyrepress Editors

Expanded Bridgestone US plant begins production

On 1 April, Bridgestone Americas Tire Operations celebrated the implementation of capacity expansion projects at its Aiken County plant in South Carolina. The facility has begun production of an additional 12,750 passenger car radial and light truck radials per day following a US$346 million investment that has created almost 300 full-time jobs.

2nd April 2013/12,345 Comments/by Tyrepress Editors

Yokohama plant receives Chinese grant

Yokohama Rubber’s tyre plant in China, Hangzhou Yokohama Tire Co., Ltd., has benefitted in RMB 13.47 million (£1.4 million) in grants from Hangzhou City and the Hangzhou Economic and Technological Development Zone (HEDA). The grants cover the period between December 2012 and March 2013 and the Japanese manufacturer says they were given in recognition of the company's economic and environmental activities. The grants awarded to Hangzhou Yokohama are said to represent the largest amount awarded to a single company (as opposed to a group of companies) amongst the 340 or so located in the HEDA.

22nd March 2013/12,345 Comments/by Tyrepress Editors