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Apollo Tyres OE on Volkswagen?

Apollo Tyres is in talks with Volkswagen about supplying tyres to the small car the German carmaker is planning to introduce in the next two years. India’s Business Standard newspaper quoted Onkar Kanwar, chairman and MD of Apollo Tyres as saying: “We are holding talks for supply of car radials for Volkswagen vehicles, which are expected to roll out in the second half of 2009-10.” It is not clear if the deal will cover Europe or just India. According to reports Volkswagen recently firmed up its plans to set up a car plant in Chakan near Pune and is expected to sign a memorandum of understanding (MoU) with the Maharashtra government by next week.

5th December 2006/by Tyrepress Editors

Dunlop Looks to BEML for Heavy Tyres Deal

Dunlop India Ltd is reportedly taking steps to enter the OTR tyre market by cooperating with Bharat Earth Movers Ltd and Coal India Ltd (CIL). Kolokata Newsline reports that the companies have decided to invest in tyre-makers to ward off a supply crisis in India. BEML has already tied-up with CIL for providing 1 billion rupees (£11.4 million) each to Apollo Tyres and JK Tyres as a soft loan so that they manufacture dumper-truck tyres. According to the Kolkata Newsline, CIL needs to replace at least 2,696 tyres in 2006-07 and a total of 19,300 tyres by 2011-2012.

1st December 2006/by Tyrepress Editors

Tyre Industry Hits a Host of Roadblocks

(India/Rubber Asia) After over 70 years of its existence and continuous development, China’s tyre industry is on firm ground. The Chinese tyre-making sector has now evolved into a huge, full-fledged industrial system that continues to attract international attention. However, there are obstacles to be overcome. After becoming a member of the World Trade Organisation (WTO), China’s tyre industry entered the era of diversified ownerships. And, the industry transformed itself into three types of ownerships – state-owned or state-controlled, private, and foreign-funded enterprises – from a wholly state-owned system. Thus, China’s tyre industry has entered a critical period and, in the process, is facing new challenges and responsibilities.

29th November 2006/by Tyrepress Editors

Apollo Launches India’s first W-speed Rated Directional Tyre

Apollo Tyres has launched India’s first ever w-rated ultra-high performance directional tyre. Dubbed “Aspire”, the new tyre was unveiled by Dilip Chhabria of DC Design and Onkar S Kanwar, chairman and managing director, Apollo Tyres Ltd at the Autocar Performance in Mumbai. This latest offering from the Apollo stable comes close on the heels of the launch of the V-speed rated Apollo Acelere Sportz earlier this week. Meant for sporty car lovers, currently the 17-inch Aspire can be shod on the Mercedes E and C Class, Audi A6 and A4, Toyota Camry, Skoda Superb, Laura and Octavia and the Honda Accord. More sizes are going to be added in the coming months.

24th November 2006/by Tyrepress Editors

Asymmetric UHP Tyre From Apollo

Apollo Tyres Ltd has launched the Apollo Acelere Sportz – a premium V-speed rated tubeless car radial for the rapidly-growing range of premium and luxury cars. Acelere Sportz is India’s first complete range of asymmetric tyres, incorporating many performance, aesthetic, fuel efficiency and safety features.

This premium tyre can be fitted to a wide range of sedans and is an addition to the growing Acelere range of tubeless tyres, catering to the new generation of automobiles on Indian roads. Currently, Apollo commands a 15 per cent share of the tubeless radial market, and, with Acelere Sportz this is expected to grow to 20 per cent in a year’s time.

20th November 2006/by Tyrepress Editors

Usha Martin, Gustav Wolf to Make Tyre Bead

Usha Martin India and Gustav Wolf of Germany, who have jointly set up a 2,400 tonnes per annum (tpa) capacity steel cord manufacturing facility at Ranchi, India have decided to diversify into the manufacture of tyre bead wire. A 30,000 tpa capacity tyre bead manufacturing facility will be set up at Ranchi in two phases at an estimated investment of 400 million rupees (£4.667 million). The proposed 30,000 tpa tyre bead manufacturing facility will be set up with Gustav Wolf’s product know-how and process technology, according to Dr P. Bhattacharya, joint managing director of Usha Martin Ltd.

14th November 2006/by Tyrepress Editors

SEBI Directs Ruias to Make Open Offer

The Securities and Exchange Board of India (SEBI) has directed the Pawan Ruia group, promoters of Dunlop and Falcon Tyres, to make open offers for both the, reports Business Standard. The regulator has also directed the company to pay interest of 10 per cent to the shareholders as penalty from February 2006, over and above the offer price for violation of the takeover code by the promoters.

14th November 2006/by Tyrepress Editors

Dispute Over Power Bill Shuts Dunlop India Factory

A mere two months after Dunlop India’s Ambattur factory restarted production, a cut in power supply has halted work yet again. The plant had recently reopened after eight years when the Ruia Group acquired the ailing tyre company. The Tamil Nadu Electricity Board (TNEB) cut supply to the plant at the end of October as current consumption charges for September were unpaid, thus halting production at the factory.

8th November 2006/by Tyrepress Editors

ETRMA Seeks to Influence EU Decisions

Earlier in the year, the European tyre and rubber industry formed the ETRMA as a successor to BLIC. The idea was to update the way that this industry association was organised and position it to inform the European legislature on subjects relating to tyre and rubber manufacture. Following the completion of this changeover, Tyres & Accessories interviewed ETRMA secretary general, Fazilet Cinaralp and got a clearer picture of the role and function of the organisation.

1st November 2006/by Tyrepress Editors

Dunlop India Reopens After Inactivity

Dunlop India Limited’s plant in Sahagange, reportedly the oldest tyre plant in Asia, restarts production today (Tuesday 30 October) after years of inactivity. Dunlop’s Ambattur plant re-opened a little over a month ago. “We are dealing with old machines at Sahagange. The problem has been compounded by damage and thefts when the plant had be closed,” S K Paul, managing director of Dunlop India, told reporters at the opening of the Ambattur plant.

31st October 2006/by Tyrepress Editors

Mani Counters Palazhi Tyres Allegations

Kerala (India) Congress leader and former minister K M Mani said a State Government probe into the affairs of Palazhi Tyres Ltd politically motivated. Mani said that no financial irregularity has been committed and the company documents will speak themselves.

“The only fault with the company is that the mission for setting up a tyre factory has not become a reality till date, for various reasons. It owns 37 acres of well-kept rubber estate having big valuation at Valavoor in Meenachil taluk. The company has been registered as per company and co-operative laws and it has an audited annual balance sheet,” KM Mani told local newspapers.

30th October 2006/by Tyrepress Editors

New Identity For LMI Technologies

LMI Technologies Inc., the global producer of sensors used in automated systems and controls in a number of industries including the automotive and tyre manufacturing businesses, has adopted a new logo and corporate identity under the name “Sensors That See”.

The organisation has R&D, engineering and manufacturing facilities across the globe, in Canada and the USA, Sweden, Ireland and The Netherlands. It also has dealers in countries such as India and China.

17th October 2006/by Tyrepress Editors

India Introduces Anti-Dumping Duty on Thai, Chinese Tyres

The Indian government has put provisional anti-dumping duty (ADD) on tyres imported from China and Thailand, with effect from 9 October the Business Standard reported. According to the newspaper, 300,000 imported tyres brought in mainly from China for the commercial vehicle (CV) segment are sold in India annually. Domestic manufacturers sell over 10 million tyres.

12th October 2006/by Tyrepress Editors

Apollo Q2 Sales Grow 21 per cent

Apollo has published un-audited financial results showing second quarter sales of 7.67 billion rupees (£90.5 million), up 21 per cent year-on-year. Net profits grew 3.8 per cent to 193 million rupees (£2.28 million) despite global raw material increases. Sales improvement was reflected in the half-year results. Net sales were up 27 per cent to 15.246 billion rupees (£180 million). Operating profit grew 2.8 per cent in the six-month period to 1,167 billion rupees (£13.78 million).

12th October 2006/by Tyrepress Editors

Record Turnover For MRF India

MRF India has achieved a milestone turnover for the first time in the history of the Indian tyre industry. Ranked the 15th largest tyre company in the world, MRF has achieved a fiscal turnover, for the year ended 30th September 2006, of 42,000 million Indian Rupees (US$914 million). This record turnover, which has been achieved for the first time in the Indian tyre industry, represents a 22 per cent increase over the company’s 2005 turnover.

9th October 2006/by Tyrepress Editors