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China Produced 654 million Tyres in 2009

Chinese manufacturers produced 654.64 million tyres between January to December in 2009, up 18 per cent compared with 2008. According to data released by the China National Bureau of Statistics (CNBS), 57.19 million tyres were produced in China in December 2009, up 52 per cent compared with the year before. In addition CNBS said synthetic rubber production rose 8.7 per cent to 2.76 million tons during 2009. In December, synthetic rubber output rose 15 per cent compared with the same period last year, reaching 268 thousand tons.

25th March 2010/by Tyrepress Editors

CGS Aiming to Lead Agro/Industrial Tyre Imports in Russia

Following yesterday’s announcement that the company is opening a Russian and CIS market office, CGS Tyres has stated its aim of becoming “In the long term we are aiming to become the leading importer to the Russian market and the Commonwealth of Independent States in the agricultural and industrial tyre segments,” Jozef Rúček, who will manage the new Moscow office, commented. General manager and chairman of the board of CGS Tyres, Jaroslav Čechura, explained the company’s strategy: “Recent developments at manufacturers of agricultural machinery and equipment in Russia – such as Claas, John Deere and the Same Deutz-Fahr Group – have brought increased interest in our products in the region. The Russian market is huge, and we view it as a great opportunity for further expansion.”

16th March 2010/by Tyrepress Editors

Tariff Issue Still on TIA Front-Burner

In the USA, the TIA says it is still working to either reduce or eliminate the added tariff placed on China-made consumer tyres by the Obama Administration last September, reports Tire Review. The three-year tariff adds 35 per cent to the price of consumer tyres exported to the US from China, dropping to 30 per cent in its second year and 25 per cent in the third.

10th March 2010/by Tyrepress Editors

Demand for Private Brands Growing, Deldo Reports

Belgian wholesaler Deldo Autobanden is one of the largest operators in Europe, and amongst the more than 25 brands stocked at the company’s 60,000 square metre warehouse in Antwerp are four exclusive and two private brands – Fortuna and Minerva. The labels are aimed at the budget segment, an area where Deldo reports seeing significant growth during the last 12 months. In an interview with Tyres & Accessories, Deldo marketing manager Rutger Veerman stated the company has “noticed a growing demand in the European replacement market. Acceptance of Chinese products is growing, and we are benefitting from this.”

2nd March 2010/by Tyrepress Editors

British-based EBC Brakes Offers “World’s Largest Disc Pads Range”

EBC says it has developed and manufactured “the largest range of disc brake pads in the world, from mountain bike, motorcycle, passenger car, LCV, HGV, PSV , off highway and rail applications” using a range of specialist materials all developed in house at its R&D facility in Bristol. The company also announced the opening of a new distribution centre in Poland recently. The 500sqm facility is located near Krakow and carries “over 200,000 euro in EBC Brakes product inventory”.

2nd March 2010/by Tyrepress Editors

Domestic Radial Capacity, Import Duties a Problem for Indian Vehicle Makers

It appears tyre manufacturers in India do not see eye to eye with the country’s vehicle manufacturers on the subject of anti-dumping duties. These tariffs, introduced in January and applied to imports of radial tyres from China, have been criticised by major automakers such as Tata Motors and Ashok Leyland, who say plans to expand have been affected by a shortfall in commercial vehicle radial capacity within India.

19th February 2010/by Tyrepress Editors

India’s ATMA Seeking a 7.5% Rubber Tariff

A memorandum sent by India’s Automotive Tyre Manufacturers Association (ATMA) to the nation’s finance ministry outlines the tyre industry’s hopes for a reduction in natural rubber duties. Reuters reports that the memorandum, sent in advance of the national budget, states “the customs duty on natural rubber should be reduced from 20 per cent to 7.5 per cent, lower than the duty on tyres.” At present natural rubber attracts a customs duty twice that of tyres, making imports more competitive than locally produced tyres.

18th February 2010/by Tyrepress Editors

CV Radial Shortage Causing OEM Headaches in India

India’s Tata Motors reports its commercial vehicle production has been reduced by between five and ten per cent since January due to a shortage of radial tyres and other key components. This disclosure follows one from Ashok Leyland, who was forced to decrease production by 20 per cent for similar reasons.

17th February 2010/by Tyrepress Editors

Hankook Management Target 11 per cent Price

Hankook Tire’s management are confident they can raise confidence in its ability to their products’ global average selling price by between seven and eight per cent in 2010. According to an investors note published by Deutsche Bank, additional price hikes are possible, with Hankook’s management said to be targeting an 11 per cent increase.

According to the financial analysts, Hankook’s confidence of being able to successfully implement the prices increases is based on the fact that “demand in key markets remain supportive expecting.” In real terms this means managers expect year-on-year sales volume growth of around 14 per cent this year with 100 per cent utilization.

5th February 2010/by Tyrepress Editors

Tariffs – Are they Turning into a Game of Chicken?

An article published by Tire Review in the US indicates that Chinese officials may be guilty of ‘fowl play’ – anti-dumping duties have been added to chicken products imported from the United States, allegedly a direct response to the Obama Administration’s decision to add high tariffs – 35 per cent in the first year – over a three-year period on consumer tyres imported from China.

5th February 2010/by Tyrepress Editors

India Introduces Duties on Chinese Tyre Machinery

In the interest of protecting its domestic industry, India’s government has implemented a 10 per cent anti-dumping duty upon tyre manufacturing machinery imported from China. The country’s Finance Ministry reports that this duty will be imposed upon the landed value of all Chinese produced tyre vulcanisers and rubber processing units.

26th January 2010/by Tyrepress Editors

Lawmakers Seek Study of Chinese Tyre Tariff Effects

In the USA Lawmakers from Texas and Oklahoma called on Thursday for a government report on the economy-wide effects of the 35 per cent tariff that President Barack Obama imposed on tyre imports from China, reports Tire Review. “I am concerned that the administration's tyre tax will cost us jobs in the United States and raise prices for tyres for hardworking Americans,” representative Kevin Brady, a Texas Republican, said in a statement. “I want to make sure that the administration has all the facts so that it can best determine how and when to end that tax.”

22nd January 2010/by Tyrepress Editors

Dunlop Zimbabwe Extends Factory Shutdown

Botswana based publication The Business Diary reports that a shortage of raw materials has prompted Dunlop Zimbabwe to extend its annual shutdown period, and this decision has led to unrest amongst the company’s workforce. The Apollo Tyres South Africa owned company was scheduled to re-open its factory on January 11, however company officials say production will now commence on February 11 – provided it has obtained the necessary raw materials by that time.

22nd January 2010/by Tyrepress Editors

Fullrun Tyre – Producer and Exporter

Qingdao, China based Fullrun Tyre Corp., Ltd. specialises primarily in the production and export of tyres for passenger vehicles, trucks and off-road vehicles. In addition to its own four brands – Fullrun, Antyre, Fullway and Clear (all of which, says Fullrun Tyre, have passed various certifications, including Dot, ECE and S-Mark) – the company acts as an agent for more than 100 brands from 56 Chinese factories. In 2009 the company achieved a turnover of US$150 million.

20th January 2010/by Tyrepress Editors

Goodyear Assessing Impact of Venezuelan Currency Devaluation

On January 8, the Venezuelan government announced the devaluation of its currency, the bolivar fuerte, and the establishment of a two-tier exchange structure. This has seen the official exchange rate against the US dollar slide from 2.15 bolivar fuerte per dollar to 4.30, except in the case of essential goods, for which the rate is 2.60. This significant currency change has impacted tyre makers active in the South American country; Goodyear Tire & Rubber reports it expects a first-quarter 2010 charge of about $150 million (62 cents a share) in connection with the devaluation.

19th January 2010/by Tyrepress Editors