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Tag Archive for: expansion

Expansion Groundbreaking Ceremony Held at Cooper’s Tupelo Plant

Cooper Tire & Rubber has embarked on a number of measures to boost its competitive edge in the North American market. As part of this the company intends to expand its Tupelo, Mississippi facility, and the groundbreaking ceremony for this project took place on September 22. According to Cooper, the US$7 million expansion work will increase the size of the 1.6 million square foot facility by an additional 32,000 square feet and include the installation of mixing equipment.

23rd September 2009/by Tyrepress Editors

China Auto Industry Faces Overcapacity

China's auto industry has shown signs of overcapacity, but automakers continues planning further expansion, Chinese state news agency Xinhua has reported that the country’s largest car makers face overproduction, but have further expansion plans anyway. China’s car production capacity is predicted to exceed 16 million units by 2012.

Leading auto companies, including SAIC Motor, FAW Group, Dongfeng Motor and Changan Auto, have each announced multi-million unit sales targets for the coming two years. Chery Auto, for example, has set an output and sales goal of 1 million units by 2012. Beijing Auto is aiming at output and sales of 1.5 million units in 2010 and 2 million in 2011.

In the auto industry stimulus plan unveiled in March, China set a target of annually producing 500,000 electric vehicles and hybrid vehicles in 2009-2011, with new-energy vehicle sales making up 5 percent of total passenger vehicle sales.

22nd September 2009/by Tyrepress Editors

Lanxess Celebrates World Rubber Day

On September 12 the specialty chemical supplier Lanxess AG celebrated the 100th anniversary of synthetic rubber. The patent for the substance that would later significantly benefit the tyre world was granted exactly a century earlier to German chemist Fritz Hofmann, an employee to Lanxess predecessor company Elberfelder Farbenfabriken. To mark the occasion, Lanxess held a scientific colloquium in Cologne, Germany. More than 400 guests from 18 nations attended the event in order to learn more on the latest innovations in the field, the substance’s future possibilities and its market potential.

22nd September 2009/by Tyrepress Editors

Reports: Hankook to Build Indian or Malaysian Factory

Hankook executives are reportedly planning to build a new tyre production facility in either India or Malaysia. The news follows the announcement that Hankook is investing 230 million euros in increasing output at its Dunaujvaros, Hungary factory to 10 million tyres a year. Speaking to the Financial Times, Hankook executive Calvin Pak explained that the company’s next phase of expansion would be in south Asia “for example in India or Malaysia.” There was even talk of a North American plant “in the longer term.” Calvin Pak reportedly explained that Hankook’s competitive advantage over European manufacturers was that it had won quality accolades but remained “more affordable thanks to less of a brand premium.”

11th September 2009/by Tyrepress Editors

Double Coin Adds 12 Sizes

Double Coin distributor, Kirkby Tyres Ltd, has announced that the Chinese tyre manufacturer is expanding its truck tyre range. According to Kirkby Tyres, the size expansion means the sole distributor (UK and Ireland) can now offer an “all-encompassing
truck tyre line to meet the needs of the most demanding tyre retailer or end user.”

10th September 2009/by Tyrepress Editors

XPart Trebles Battery Range with New Applications

Parts distribution specialist XPart, a wholly owned subsidiary of Caterpillar Logistics Services UK Ltd, has increased its battery range 280 per cent, offering batteries for motorcycle, commercial vehicle, leisure and marine applications. The expansion of the “competitively priced range” will also include nearly 50 percent more car batteries, and will be available to order from all XPart wholesalers and AutoService centres, with same day delivery.

8th September 2009/by Tyrepress Editors

Manbat Reports Continued Increases Aided by Extensive Training

Manbat, the UK's largest battery distributor, has reported significant sales growth from its top six buying group and national account contracts. Increasing sales of OE brand VARTA, along with its own brand Numax, and the expansion of the leisure sector account for majority of the gains, however without training, the picture would be far less rosy.

7th September 2009/by Tyrepress Editors

McConechy's Reports Dip In Profits

According to the Herald Scotland website, Ayr-based tyre retailer McConechy's Tyre Service has posted pre-tax profits of £485,685 for the year to the end of April, down on the figure of £1.2 million for the previous year.

1st September 2009/by Tyrepress Editors

WRAP to Launch Tyre Crumb Quality Protocol

According to Waste & Resources Action Programme (WRAP), the publication of a new Quality Protocol (QP) and certification scheme will help to drive the market for rubber crumb and shred derived from used tyres. Mervyn Jones, joint project executive and head of manufacturing at WRAP told Tyres & Accessories the Quality Protocol will assure material quality and encourage sector growth. However, the practical basis for this expansion is not clear and there are question marks over how much this will cost businesses and ultimately end users. Transport Research Laboratory will operate the tyres QP certification process.

Mervyn Jones believes this growth will be driven by the introduction of a new voluntary QP and certification scheme planned for November 2009, by the Waste Protocols project – a joint WRAP and Environment Agency initiative. The QP follows on from a publicly available specification document (PAS 107) published in 2007. Developed by WRAP and the British Standards Institute (BSI), PAS 107 helps manufacturers of tyre-derived rubber crumb and shred to ensure their products adhere to specified quality standards.

28th August 2009/by Tyrepress Editors

Bridgestone Renews AAH Tyre Contract

Bridgestone UK Ltd has extended its tyre supply agreement with AAH Pharmaceuticals who. Bridgestone/Truck Point have been supplying tyres and tyre service management to AAH since 2006. With 3,800 employees at 20 locations and making over 100,000 deliveries a week, AAH operates over 1,100 commercial vehicles.

25th August 2009/by Tyrepress Editors

Yokohama Expands China Operations

International News

Yokohama Rubber Co. is reportedly expanding the capacity of its Hanzhou Yokokahama Tire Co. passenger car tyre plant in China. Hangzhou Yokohama’s annual capacity of 3 million units a year is expected to grow to 4.1 million passenger and light truck tyres from 2011, following investment of 3 billion yen (214 million yuan). This is the fourth capacity expansion since Hanzhou Yokohama started production in 2003. Yokohama makes its ASPEC A349 low rolling resistance tyre in China and expects general car ownership to increase 10 per cent annually in the years to come.

24th August 2009/by Tyrepress Editors

Blackcircles.com Aims to Grow Network 30%

Blackcircles.com is aiming to increase its garage network by 30 per cent by the end of 2009, adding as many as 400 garages. Announcing the news the company vowed to help independent garages “fight back”, saying it offers “additional revenue, customer footfall and national marketing, helping [independents] compete with major high street brands.”

13th August 2009/by Tyrepress Editors

Delticom Revenues 14.5% Improved in First Half 2009

Despite an increase in revenues during the first half of 2009, Delticom CFO Frank Schuhardt retains a cautious outlook towards the company’s full-year performance. "Consumers across Europe are going to feel the effects of the crisis over the coming months,” he commented. “This is bound to have an impact on the tyre trade. Consequently, we should not assume that Delticom will be as profitable in the second half of the year as it was in the first half."

13th August 2009/by Tyrepress Editors

Name Change Transforms Air Ride Technologies into RideTech

During its recent company summit, US based suspension manufacturer Air Ride Technologies announced a change of name to RideTech. "In the past 15 years Air Ride Technologies has matured into a full line suspension company," commented company founders Bret and Sharon Voelkel. "The RideTech name more fully reflects our current and upcoming product line. Our core product will continue to be the Air Ride Technologies air suspension, but we are applying our experience and resources to an expanding product line and customer base."

12th August 2009/by Tyrepress Editors

CBp Carbon Replies to Fader Statement

CBp Carbon Industries has released a press statement in response to the August 9 statement published by Fader Technologies LLC. The company states it is "saddened" that it must response to this release, but notes it has done so in order to "correct serious falsehoods and libels and to comfort the Company's stock holders."

11th August 2009/by Tyrepress Editors