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Trelleborg Launches New Twin Radial Tyre

Trelleborg Wheel Systems has launched a new 710/50 R26.5 twin radial tyre. According to the company, the new product offers enhanced flotation characteristics that protect the soil, the driver’s health, lowers noise levels and contributes to reduced overall operating costs for the farmer. The twin radial features a 15 per cent wider footprint area, additional lugs and a longer central block compared to the previous version. This means an increased land/sea ratio and 14 per cent deeper lugs.

3rd September 2010/by Tyrepress Editors

Bridgestone Announces Cross-Segment European Price Increase

Bridgestone has announced that it will raise the prices by between 3 and 6 per cent of its consumer, commercial and speciality tyres in Europe during October 2010. Bridgestone Europe CEO and president Makio Ohashi said that “historically high” raw materials prices had necessitated the hike, while “further increases will be necessary in the coming year”.

31st August 2010/by Tyrepress Editors

Chinese Tyre Makers to Benefit from Keyuan SBS Facility

Chinese petrochemical product manufacturer Keyuan Petrochemicals reports it entered into land use right transfer agreements with local government agencies on August 18. Following their approval, the company will instigate plans for expansion on an 111,500 square metre site adjacent to its existing plant in Ningbo, Zhejiang province. In addition to building a storage and several manufacturing facilities as originally planned, the company has now announced it also intends to establish a Styrene-Butadiene-Styrene (SBS) production plant on the site. Work will begin in the third quarter of 2010.

27th August 2010/by Tyrepress Editors

Lockout Negotiations Result in 200 More Workers for Apollo’s Perambra Plant

Apollo Tyres reports the successful conclusion of negotiations with union representatives over the lockout at its Perambra factory in India’s Kerala state. After reaching an agreement with two of the three unions representing employees at the company’s so-called “mother” plant, Apollo has announced the end of the lockout which began on June 11.

23rd August 2010/by Tyrepress Editors

B-Quik Expands Despite Unrest in Thailand

International News

B-Quik, Thailand’s biggest independent automotive repair organization, saw revenue grow over 30 per cent in the first 6 months of 2010, this despite the unrest in the Thai capital in the month of May. The company has opened two new stores so far this year (one on the island of Phuket and one in Bangkok) and now operates through 64 outlets. For the second half of the year another seven new stores are confirmed and three more are pending. B-Quik adjusted its revenue expectation for 2010 to exceed 2.5 billion Thai baht (£50 million, 61 million Euros). Growth is almost equally split, 15 per cent from like for like same store increase and the other 15 per cent from new stores build last year and this year. The sales growth is divided evenly over the various product groups but aircon repairs and servicing and oil/filter changes lead the growth.

19th August 2010/by Chris

JK Tyres Sales Up but Profits Down in Q1, 2010

JK Tyre & Industries, manufacturer of the JK Tyre, Vikrant and Tornel brands of tyre, has reported a 32 per cent increase in sales in the first quarter of the Indian financial year. In the three months to June 30, 2010, the company achieved a turnover of RS 12,729 million (£171.9 million) and an operating profit of Rs 730 million (£9.9 million). Net profit for the quarter was Rs 195.3 million (£2.6 million), down 52.1 per cent per cent year-on year.

16th August 2010/by Tyrepress Editors

Forestry Tyre Demand Prompts Expansion at Trelleborg’s Tivoli Plant

Trelleborg Wheel Systems reports its plans to expand production at its Tivoli plant are at an advanced stage and output will begin to increase before the end of 2010. The 224,000 square metre Tivoli factory, located near the Italian capital, already employs 600 workers and has received new lines for the production of forestry applications in readiness for an increase in forestry tyre output this year and next year.

11th August 2010/by Tyrepress Editors

Apollo to Invest in Dutch, SA Tyre Plants

Indian manufacturer Apollo Tyres has announced it is to invest 6.6 million euros in its Enschede, Netherlands manufacturing unit to increase the plant's capacity from 5.1 million to 6 million tyres per annum. The company’s South African concerns in Durban and Ladysmith will also receive investments totalling a reported $30 million for expansion and equipment upgrades.

6th August 2010/by Tyrepress Editors

Hoosier’s Don Newton Retires

Hoosier Tire has announced the July 16 retirement of Don Newton, a 36 year veteran of the company. The US based race tyre manufacturer says Newton took early retirement in order to spend more time with his family, and notes that during his career at Hoosier Tire Don Newton oversaw the substantial expansion of the company’s manufacturing operations. His job responsibilities will be re-assigned to John DeSalle, who will assume the new position of vice president of Engineering and Manufacturing and to Craig Benninghoff, who will assume the new position of vice president of Operations.

6th August 2010/by Tyrepress Editors

Footfall Up Alongside Gross Profit at HiQ

HiQ has reported year-on-year increases in turnover and gross profit in its half-year report. Turnover has risen by more than 7 per cent, while gross profit increased by “a double digit figure”, the network reported. In addition, HiQ’s 145 centres welcomed more than 8 per cent additional customers. The fast fit network said its partnership-led franchise structure is a major factor behind the increases. The number of HiQ sites has increased by six since the end of April, suggesting this has had a strong role in the continued upward trend.

3rd August 2010/by Tyrepress Editors

South China Tyre and Rubber Company to Display Wanli and Sunny Brands

South China Tyre and Rubber Company travels to Brityrex with the mission of continuing its expansion into the international market with its two brands, Wanli and Sunny. Established in 1988, SCTR is located in China’s Pearl River Delta, owning two Guangzhou facilities, which are able to offer a production capacity of approximately 10 million sets of tyres annually.

2nd August 2010/by Tyrepress Editors

Sumitomo Rubber to Build Chinese PCR Tyre Factory

Sumitomo Rubber Industries Ltd has announced plans to build a new factory in China. Construction is set to begin in September 2010, with a total investment of US$297 million (267 billion yen) earmarked for the project. Production is planned to begin in July 2012 with output rising to 15,000 tyres a day (after 139 billion yen capital investment) at the end of 2014. The second phase will see the company spend another 96 billion yen of capital investment and output increasing to 30,000 tyres a day at the end of 2017.

28th July 2010/by Tyrepress Editors

China a Production Possibility for Dunlop Aircraft Tyres

Reports from the Farnborough International Airshow indicate Dunlop Aircraft Tyres has an eye on setting up overseas manufacturing operations. Speaking at the show, company chairman Ian Edmondson said that Dunlop Aircraft Tyres may establish a factory in China in five years time, when the tyre maker has “no room to expand in our existing location.

27th July 2010/by Tyrepress Editors

Hankook Sees Q2 Profits Surge

Hankook Tire reports its profits in Korea jumped 22.4 per cent in the second quarter of 2010 to KRW 822.3 billion (£443.1 million), a figure the Korean tyre maker claims to be its highest ever quarterly result. This quarter high water mark was achieved on the back of a 13.0 per cent year-on-year increase in global consolidated sales, to KRW1.4 trillion (£754.4 million) and a 22.7 per cent year-on-year growth in operating profit to KRW 177.7 billion (£95.7 million).

20th July 2010/by Tyrepress Editors

Pirelli Tire North America Opens New York Sales & Marketing Office

Pirelli Tire North America (PTNA) has announced plans to expand its sales and marketing operations with a new office in New York City. According to the company, this office will complement its North American headquarters in Rome, Georgia. The expansion is intended to assist the company’s sales growth and will reportedly only involve “the outward facing parts of the sales and marketing departments.”

7th July 2010/by Tyrepress Editors