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Indonesia not on track to meet vehicle export target, says GlobalData

Following the news from the Association of Indonesia Automotive Industries (GAIKINDO) that automotive exports from the country declined by 30.1 per cent, Bakar Sadik Agwan, senior automotive consulting analyst at GlobalData, says: “Indonesia’s automotive output tumbled significantly due to the COVID-19 and troubled economic environment in 2020. Production, domestic sales, exports and imports all were significantly below the initial expected levels. Indonesia, which is the second largest vehicle manufacturer in the Southeast Asia, depends heavily on exports, making it a key variable for the domestic automotive economy.

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Why are ocean freight rates rising sharply?

shipping containersPexels

A shortage of shipping containers and essential equipment at Chinese ports, exacerbated by fluctuating international trading environments in the Covid pandemic, has meant inflation in international shipping rates. In November, rates for transporting containers between China and the east coast of the USA increased to $4,750 per container, 42 per cent up on July rates, according to RefinitivEikon data. The cost of shipping from China to the US west coast has increased 50 per cent to $3,878 per container. Europe’s Shanghai Container Freight Index (SCFI) spot rate index has risen sharply, with Northern Europe rates up 21 per cent and Mediterranean rates up 23 per cent, rates that have not been seen since the beginning of 2014. According to Trojan, a tyre marketing agent headquartered in Qingdao, China, shortages have worsened recently. This busy period for Chinese exports could see deficits continue to deepen into the New Year, meaning further price increases.

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Vipal Machinery sales growing in the USA

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Vipal

Vipal Machinery is reporting growing sales in the USA, having sold five machines so far this year in the world’s largest tyre retreading market. According to the company, four major North American retreaders acquired the five pieces of machinery including Pete’s Road Services based in Corona, California.

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Iran’s tyre manufacturing output refocuses on heavy tyres

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MohammadAli Dahaghin; Unsplash

The tyre manufacturing output of Iranian factories increased 26 per cent in the first five months of the current Iranian calendar year (1399 and specifically the period between 20 March and 21 August 2020) compared with the same period last year. Such growth is consistent with the Iranian tyre industry’s 10-year plan to double in size by 2025, which was publicised in 2015. And it also corresponds to earlier optimism related to Iranian tyre market growth, but what do the latest figures tell us about the product mix of the Iranian national tyre production base?

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Brexit and COVID-19 leading UK businesses to turn to international markets

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A survey among of over 900 decision-makers within UK businesses has found that: 57 per cent of UK private sector organisations are considering expansion into new global markets in the near future as a result of COVID-19. The research, commissioned by One World Express, also found that 45 per cent of businesses say the pandemic has made them realise they are overly reliant on one market. At the same time, 44 per cent are looking to expand into markets outside of the Single Market due to Brexit.

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Lassa reports 60% growth in tyre exports

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Lassa Tyres has reported that the brand has grown international exports by 60 per cent during the last five years. Top countries, where Lassa Tyres were sold during 2018 include Egypt, Italy, Germany, Austria, Ukraine and Morocco.

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Australia set to ban waste tyre exports

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The Council of Australian Governments (COAG) held its 47th general meeting on 9 August in Cairns. According to officials, it was the first time COAG has been held outside a capital city. A number of policy decisions were made, including that Australia should ban the export of waste tyres.

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Ford starts exporting cars from South Africa to Europe

Ford Motor Company of Southern Africa (FMCSA) is expanding its vehicle export operations by adopting a multi-port strategy with the first shipment of 1000 locally assembled Ford Rangers from Port Elizabeth to markets in Europe.

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UK CV manufacturing 8.5% up in 2018

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British commercial vehicle manufacturing grew 8.5 per cent in 2018, the Society of Motor Manufacturers and Traders (SMMT) has revealed. The increase in output, with 84,888 units leaving production lines, follows weaker performances in 2016 and 2017. The SMMT added that strong market incentives ahead of model changes also played a part in boosting output.

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Cambodian rubber exports up 21%

Cambodian rubber exports rose 21 per cent during the first half of 2018, according to the Cambodian Ministry of Agriculture.

The data shows that local producers exported 84,419 tonnes of rubber during the first six months of this year, an increase of 14,376 tonnes compared to a year earlier. Total rubber cultivation was also up, at 436,299 hectares.

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Vietnamese tyre exports nearly US$1 billion in 2017

Vietnamese tyre exports were worth US$920 million in 2017, up 44.2 per cent from 2016. Meanwhile, local tyre production enjoyed a trade surplus of $564 million in 2017, doubling the amount gained in the previous year.

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Sri Lanka rubber sector aiming to become $3 billion a year industry by 2020

The Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) celebrated its 31st Annual General Meeting (AGM) at Cinnamon Grand Colombo on the 16 January 2018. The association was inaugurated in 1985 in order to offer “comprehensive representation, advocacy and to champion to all manufacturers and exporters of rubber products in Sri Lanka”.

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The Chinese tyre industry wants to move from biggest to best

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Talk to westerners and they see China as a relative newcomer to the global tyre industry table. Talk to Chinese people and they may just point out that China has been the world’s leading tyre producing nation since 2005. Indeed, full-year 2016 figures show that 600 million tyres were “made in China”, many of which were passenger car and light truck products. However, China now wants to move on from its reputation as being the biggest tyre producing nation and progress towards a renewed emphasis on quality and technology. Tyres & Accessories spoke with Mary Xu, the China Rubber Industry Association (CRIA) deputy secretary general, in order to find out more about how the Chinese tyre industry wants to move from biggest to best.

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Belshina producing 18-inch SUV tyres for Geely

Bobruisk, Belarus-based tyre manufacturer Belshina has announced that it has launched mass production of 18-inch SUV tyres. The company’s spokeswoman Viktoriya Kulik told local news source BelTA that it is making summer tyres for Geely cars produced at BelGee Factory.

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