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Commercial production underway at Ceat’s Halol factory

On March 25 Ceat Ltd informed the Bombay Stock Exchange that the commercial production of passenger car and truck radial tyres had begun that day at its new Halol factory in India’s Gujarat state. The plant, whose foundation stone was laid in January 2009, has been erected with an Rs 5 billion (£68 million) investment and is designed to have an annual output of 4 million tyres in its first phase of operation. Capacity should be increased to 12 million units over the coming decade through a second phase expansion project, which will be made with a further Rs 2 billion investment. Between 25 and 40 per cent of the plant’s output is slated for export, the company said in 2009.

28th March 2011/by Tyrepress Editors

Production resumed at all Japanese Bridgestone plants

Tyre production at Bridgestone’s Nasu factory in Tochigi Prefecture got underway on March 25, two weeks after the earthquake in Japan. Output at the plant, which holds the capacity to product 2,600 tons of passenger car, motorcycle tyres and other tyres per month, will increase gradually as electricity restrictions are lifted and “other issues” resolved. The Nasu plant’s return to production means that all Bridgestone factories in Japan affected by the earthquake are now back in production.

28th March 2011/by Tyrepress Editors

Yokohama team acknowledged for cashew nut shell innovation

Back in the late 1980s and early 1990s, a group of four men working for Yokohama Rubber developed a bead filler compound for high performance tyres based on polymerised cardanol, a chemical derived from liquid extracted out of cashew nut shells. Cashew based products were already in use to improve bleeding on the surface of green rubber, but the cardanol based product developed by Shineru Shinoda, Masayoshi Daio, Hideki Ishida and Tetsuji Kawazura providing an extremely high hardness after vulcanisation while at the same time keeping the viscosity of the compound low during processing. Some two decades later, on February 4, 2011, the Yokohama Rubber team’s efforts were acknowledged with their receipt of the “Mortimer T. Harvey Award 2010” from Cardolite Corporation, a leading manufacturer of cashew nutshell liquid products.

25th March 2011/by Tyrepress Editors

Hangzhou Zhongce confirms Thai factory reports

International News, News

Leading Chinese tyre manufacturer Hangzhou Zhongce Rubber has confirmed that it is planning to build a tyre factory in the vicinity of Bangkok, Thailand. Speaking to Tyres & Accessories, the executive responsible for the company’s Westlake brand Mr Ge, confirmed that the company had signed a contract with the Thai government to purchase land in the Bangkok development zone.

23rd March 2011/by Tyrepress Editors

Bridgestone restarts Japan production, TBR tyres given priority

Bridgestone has given further information on restarting production in its factories located in Japan’s Kanto region or north of that region. Production at the company’s Yokohama and Tokyo factories has already recommenced, although electricity supply and other issues are still restricting a return to full production at the Yokohama site. It is anticipated that Bridgestone’s Tochigi, Nasu and Kurioso factories will recommence production on March 16. Deliveries from the Tokyo plant are expected to restart on March 16 and deliveries from Tochigi and Nasu on March 18 or thereafter.

16th March 2011/by Tyrepress Editors

Hankook continues ‘success story’ with Ventus Prime2

News, Product News, UK News

Drawing inspiration from sources that include the “teeth of predatory cats,” the next generation Hankook Ventus premium comfort tyre has pounced onto the European market. The all-new Ventus Prime2 follows on from its similarly-named predecessor, a tyre that achieved European sales of more than ten million units during the seven years it was available. Hankook describes the new tyre, intended for “frequent drivers with a high safety awareness and maximum demands, as an evolution of a format “Ventus Prime drivers have known for many years and grown to love.” The lion’s share of the range will be produced in the company’s Rácalmás, Hungary factory.

14th March 2011/by Tyrepress Editors

Japanese tyre makers respond to earthquake disaster

The Bridgestone Group has responded to the widespread earthquake and tsunami damage in Japan with a pledge to contribute donations of 300 million yen (approximately US$3.5 million) to assist with relief efforts. Bridgestone Corporation will donate 200 million yen and Bridgestone Group will donate bicycles and bedclothes worth 100 million yen.

14th March 2011/by Tyrepress Editors

Maxxis renews bike motorsport commitments

Maxxis International’s involvement in motorcycle motorsport continues in 2011 with a renewal of its association with two factory teams. The company will continue as headline sponsor of the Maxxis ACU British Motocross Championship until the end of the 2013 season and has renewed its partnership with Lincolnshire-based Maxxis Henderson LPE Kawasaki. The team, says Maxxis International, is going from strength to strength with rising Estonian MX1 star Gert Krestinov signing up for his second season in the UK as part of the Official Kawasaki Motors UK motocross team.

1st March 2011/by Tyrepress Editors

Nexen Tyre reports 1.08 trillion won sales, up 11.8%

Nexen Tire Corporation has reported sales of 1.08 trillion Korean Won (£595.5 million; 696.385 million euros; US$964 million), an 11.8 per cent increase compared with 2009. Hyun Bong Lee, vice chairman and CEO of Nexen said: “Nexen has made a great step towards its target of becoming one of the top 10 tyre manufacturers in the world by 2015.” Sales have almost tripled since 2004 and are forecast to triple again by then.

25th February 2011/by Tyrepress Editors

Pirelli to boost China capacity to meet “high end” demand

Within the next two years capacity at Pirelli’s Jining factory in China’s Shandong province will double to ten million tyres per annum. During a China-based interview with Bloomberg TV on February 24, company chairman Marco Tronchetti Provera mentioned the capacity expansion as part of a 300 million euro investment in China to be made over the coming three years – Pirelli previously postponed its investment there in 2009 due to the recession.

25th February 2011/by Tyrepress Editors

Michelin X-Ice North “pleases” teams in WRC comeback

Michelin has returned to the World Rally Championship in Sweden, providing its X-Ice North tyre to Mikko Hirvonen, who produced what Michelin termed: “a practically mistake-free performance to claim a fine win for Ford Abu Dhabi WRT and the brand new Fiesta RS WRC”. The manufacturer was pleased with the tyre’s performance in challenging, varied conditions: Falling snow greeted the early stages, while on others portions of gravel gradually became exposed as the cars cut through the icy coating. Michelin said the tyres “were still equipped with practically all their [384] studs at the ends of the long looping stages”. Current WRC regulations only permit manufacturers to run one type of tyre per rally.

15th February 2011/by Tyrepress Editors

Toyo issues safety recall in the US

A safety recall covering a number of Toyo and Nitto brand products has been announced by Toyo Tire Holdings of Americas Inc. The tyre maker says approximately 4,891 tyres are subject to this recall, of which approximately 588 were produced using a rubber chemical mixture that does not meet the company's specification. “As a consequence, sections of the tread may become detached, potentially causing loss of vehicle control and a crash, which could result in death or injury,” Toyo states in a press release.

14th February 2011/by Tyrepress Editors

Camac makes a comeback

Hampshire based Vintage Tyre Supplies have become exclusive distributors of the Camac range of classic crossply and radial tyres. The company says this is good news for many 50s, 60s and 70s classic car owners who will remember fitting them to the likes of Beetles, Minis, Cortinas and Anglias.

10th February 2011/by Tyrepress Editors

Continental performance ‘entirely attributable to tyre operations’

Continental AG’s adjusted EBIT is reportedly 15 per cent (100 million euros) above estimates produced by Deutsche Bank. With net debt below 6.5 billion euros, impressed analysts commented that “these better results are entirely attributable to the tyre operations.” The tyre division contributes 28 per cent of the group’s sales and 42 per cent of adjusted EBIT, which reported a higher result despite the significant raw materials headwind.

8th February 2011/by Tyrepress Editors

Mitas signs contract for US factory equipment

Mitas Tires, formerly CGS Tires US, reports the signing of a contract covering US$10 million worth of curing presses for its factory in Charles City, Iowa, which is currently under construction. The presses will be delivered and installed in August and September this year and the production of radial agricultural tyres will begin in 2012. In its first year of operation the plant will employ an estimated 159 workers and the company plans to employ 262 people in the US by 2016.

1st February 2011/by Tyrepress Editors